Goffstown Industrial Corporation
Goffstown Industrial Corporation: Programs Over Admin, Fundraising, but Transparency Concerns
EIN: 223201735 · Goffstown, NH · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Expenses | $5K |
| Program Spending | 60% |
| Net Assets | $205K |
| Transparency Score | 75/100 |
Is Goffstown Industrial Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goffstown Industrial Corporation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Goffstown Industrial Corporation
Goffstown Industrial Corporation (EIN: 223201735) is a nonprofit organization based in Goffstown, NH. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goffstown Industrial Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goffstown Industrial Corporation is a micro nonprofit that has been operating for 33 years.
Key Financial Metrics (2010)
From the most recent IRS 990 filing on record:
| Total Revenue | $668 |
| Total Expenses | $5K |
| Surplus / Deficit | $-4,331 |
| Total Assets | $205K |
| Net Assets | $205K |
| Operating Margin | -648.4% |
| Months of Reserves | 492.2 months |
Financial Health Grade: B
In 2010, Goffstown Industrial Corporation reported a deficit of $4K with expenses exceeding revenue, holds 492.2 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Industrial Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 60%
- fundraising: 25%
According to IRS 990 filings, Goffstown Industrial Corporation allocates its expenses as follows: admin: 15%, programs: 60%, fundraising: 25%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2010)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not disclosed, making it difficult to assess fairness and alignment with organizational goals.
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.
Red Flags
The following concerns were identified during AI analysis of Goffstown Industrial Corporation's IRS 990 filings:
- No breakdown of administrative costs
- High fundraising expenses (25%)
- Lack of transparency on executive compensation
Strengths
The following positive indicators were identified for Goffstown Industrial Corporation:
- Provides detailed program expenses
Frequently Asked Questions about Goffstown Industrial Corporation
Is Goffstown Industrial Corporation a legitimate charity?
Goffstown Industrial Corporation (EIN: 223201735) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Goffstown Industrial Corporation spend its money?
Goffstown Industrial Corporation directs 60% of its spending to programs and services. Fundraising costs 25%. This falls below the 65% benchmark.
Are donations to Goffstown Industrial Corporation tax-deductible?
Goffstown Industrial Corporation is registered as a tax-exempt nonprofit (EIN: 223201735). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Goffstown Industrial Corporation's spending goes to programs?
Goffstown Industrial Corporation directs 60% to programs, 25% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Goffstown Industrial Corporation located?
Goffstown Industrial Corporation is headquartered in Goffstown, New Hampshire and files with the IRS under EIN 223201735.
What does Goffstown Industrial Corporation do?
Goffstown Industrial Corporation is a nonprofit organization in the Unknown sector, located in Goffstown, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Goffstown Industrial Corporation have?
Goffstown Industrial Corporation reported total revenue of N/A. Based on 1 IRS 990 filing on record.
What are Goffstown Industrial Corporation's total assets?
Goffstown Industrial Corporation holds total assets of N/A as reported in IRS 990 filings.
Where is Goffstown Industrial Corporation located?
Goffstown Industrial Corporation is based in Goffstown, New Hampshire.
What is Goffstown Industrial Corporation's EIN?
Goffstown Industrial Corporation's Employer Identification Number (EIN) is 223201735. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Goffstown Industrial Corporation?
Goffstown Industrial Corporation is classified under NTEE code Unknown (Unknown).
Is Goffstown Industrial Corporation a registered 501(c)(3)?
Goffstown Industrial Corporation appears in IRS records (EIN: 223201735). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Goffstown Industrial Corporation file IRS Form 990?
Yes, Goffstown Industrial Corporation has 1 IRS Form 990 filing on record. The most recent covers tax period 201012.
What was Goffstown Industrial Corporation's revenue in 2010?
In the 201012 filing period, Goffstown Industrial Corporation reported total revenue of $668, total expenses of $4,999, and net assets of $205,035.
What is Goffstown Industrial Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Goffstown Industrial Corporation covers tax period 201012. It shows revenue of $668, expenses of $4,999, total assets of $205,035, and liabilities of N/A.
How much does Goffstown Industrial Corporation spend on programs vs administration?
Based on IRS 990 analysis, Goffstown Industrial Corporation allocates approximately 60% of expenses to program services, 15% to administrative costs, and 25% to fundraising. Program spending is moderate relative to overhead.
Is Goffstown Industrial Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Goffstown Industrial Corporation appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Goffstown Industrial Corporation?
The following concerns were identified: No breakdown of administrative costs. High fundraising expenses (25%). Lack of transparency on executive compensation. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Goffstown Industrial Corporation's strengths?
Positive indicators for Goffstown Industrial Corporation include: Provides detailed program expenses. These findings are derived from AI analysis of the organization's financial filings.
How does Goffstown Industrial Corporation compensate executives?
Executive compensation is not disclosed, making it difficult to assess fairness and alignment with organizational goals. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Goffstown Industrial Corporation?
1. Detailed program expenses are provided, but no breakdown of administrative costs. 2. Fundraising expenses are high, with 25% of total spending. 3. No transparency on executive compensation or board members' roles. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What specific programs does Goffstown Industrial Corporation fund?
According to the latest financial filings, Goffstown Industrial Corporation allocates 60% of its budget to programs, with no detailed breakdown provided.
Why are fundraising expenses so high?
The organization spends 25% of its total budget on fundraising, which is notably high and suggests a significant focus on securing donations.
Is there any information about the executive team or board members?
The organization does not disclose any information about its executive team or board members, which limits transparency and accountability.
Filing History
IRS 990 filing history for Goffstown Industrial Corporation showing financial trends over 1 year of public records:
In its most recent filing year (2010), Goffstown Industrial Corporation reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2010 | $668 | $5K | $205K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goffstown Industrial Corporation:
Data Sources and Methodology
This transparency report for Goffstown Industrial Corporation 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.