Goffstown Historical Society Inc
Goffstown Historical Society maintains strong asset growth and zero liabilities with volunteer leadership.
EIN: 20343246 · Goffstown, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $84K |
| Total Expenses | $26K |
| Program Spending | 90% |
| Net Assets | $333K |
| Transparency Score | 92/100 |
Is Goffstown Historical Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goffstown Historical Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goffstown Historical Society Inc
Goffstown Historical Society Inc (EIN: 20343246) is a nonprofit organization based in Goffstown, NH. The organization reported total revenue of $84K and total assets of $329K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goffstown Historical Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goffstown Historical Society Inc is a micro nonprofit that has been operating for 38 years, with 9 years of IRS 990 filings on record (2016–2024). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $26K |
| Surplus / Deficit | +$5K |
| Total Assets | $333K |
| Net Assets | $333K |
| Operating Margin | 15.6% |
| Months of Reserves | 154.9 months |
Financial Health Grade: A
In 2024, Goffstown Historical Society Inc reported a surplus of $5K with revenue exceeding expenses, holds 154.9 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2016–2024), Goffstown Historical Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +158.0% | -44.7% | +7.0% |
| 2023 | -67.1% | +132.2% | -15.6% |
| 2022 | +168.1% | -5.4% | -1.6% |
| 2021 | -83.5% | -25.6% | +24.2% |
| 2020 | +201.6% | +49.3% | +22.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goffstown Historical Society Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Goffstown Historical Society Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all nine filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Goffstown Historical Society Inc:
- Consistent asset growth, from $158,699 in 2016 to $332,780 in 2024.
- Zero liabilities reported across all nine filings, indicating strong financial health.
- 0% officer compensation, demonstrating highly efficient, volunteer-driven leadership.
- Consistent filing of IRS Form 990s, showing commitment to transparency and compliance.
- Expenses generally well below revenue in most periods, allowing for resource accumulation.
Frequently Asked Questions about Goffstown Historical Society Inc
Is Goffstown Historical Society Inc a legitimate charity?
Goffstown Historical Society Inc (EIN: 20343246) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 92/100. It has 9 years of IRS 990 filings on record. Total revenue: $84K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Goffstown Historical Society Inc spend its money?
Goffstown Historical Society Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Goffstown Historical Society Inc tax-deductible?
Goffstown Historical Society Inc is registered as a tax-exempt nonprofit (EIN: 20343246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Goffstown Historical Society Inc located?
Goffstown Historical Society Inc is headquartered in Goffstown, New Hampshire and files with the IRS under EIN 20343246.
How many years of IRS 990 filings does Goffstown Historical Society Inc have?
Goffstown Historical Society Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $84K in total revenue.
Is Goffstown Historical Society Inc. a good charity?
Based on the provided financial data, Goffstown Historical Society Inc. appears to be a very good charity. It demonstrates strong financial health with growing assets and no liabilities, operates with 0% officer compensation, and consistently files its IRS 990s, indicating transparency and fiscal responsibility.
How does the organization manage its finances without paid officers?
The organization's consistent reporting of 0% officer compensation suggests that its leadership and governance are entirely volunteer-driven. This model allows for significant cost savings in administrative overhead, directing more resources towards its historical preservation mission.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, growing from $158,699 in 2016 to $332,780 in 2024, indicating effective financial management and accumulation of resources over time.
Filing History
IRS 990 filing history for Goffstown Historical Society Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2016–2024), Goffstown Historical Society Inc's revenue has declined by 41.2%, moving from $52K to $31K. Total assets increased by 109.7% over the same period, from $159K to $333K. Total functional expenses rose by 20.1%, from $21K to $26K. In its most recent filing year (2024), Goffstown Historical Society Inc reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $31K | $26K | $333K | $0 | — | — |
| 2023 | $12K | $47K | $311K | $0 | — | View 990 |
| 2022 | $36K | $20K | $368K | $0 | — | — |
| 2021 | $13K | $21K | $374K | $0 | — | — |
| 2020 | $82K | $29K | $301K | $0 | — | View 990 |
| 2019 | $27K | $19K | $246K | $0 | — | View 990 |
| 2018 | $26K | $23K | $238K | $0 | — | View 990 |
| 2017 | $100K | $24K | $235K | $0 | — | View 990 |
| 2016 | $52K | $21K | $159K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $31K, expenses of $26K, and assets of $333K (revenue +158.0% year-over-year).
- 2023: Revenue of $12K, expenses of $47K, and assets of $311K (revenue -67.1% year-over-year).
- 2022: Revenue of $36K, expenses of $20K, and assets of $368K (revenue +168.1% year-over-year).
- 2021: Revenue of $13K, expenses of $21K, and assets of $374K (revenue -83.5% year-over-year).
- 2020: Revenue of $82K, expenses of $29K, and assets of $301K (revenue +201.6% year-over-year).
- 2019: Revenue of $27K, expenses of $19K, and assets of $246K (revenue +3.3% year-over-year).
- 2018: Revenue of $26K, expenses of $23K, and assets of $238K (revenue -73.9% year-over-year).
- 2017: Revenue of $100K, expenses of $24K, and assets of $235K (revenue +93.1% year-over-year).
- 2016: Revenue of $52K, expenses of $21K, and assets of $159K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goffstown Historical Society Inc:
Data Sources and Methodology
This transparency report for Goffstown Historical Society Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.