Goffstown Main Street Program Inc
Goffstown Main Street Program Inc faces declining assets due to consistent deficit spending.
EIN: 20506535 · Goffstown, NH · NTEE: S200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $82K |
| Total Expenses | $72K |
| Program Spending | 80% |
| Net Assets | $88K |
| Transparency Score | 70/100 |
Is Goffstown Main Street Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goffstown Main Street Program Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goffstown Main Street Program Inc
Goffstown Main Street Program Inc (EIN: 20506535) is a nonprofit organization based in Goffstown, NH, classified under NTEE code S200. The organization reported total revenue of $82K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goffstown Main Street Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goffstown Main Street Program Inc is a micro nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $72K |
| Surplus / Deficit | $-18,097 |
| Total Assets | $88K |
| Net Assets | $88K |
| Operating Margin | -33.6% |
| Months of Reserves | 14.7 months |
Financial Health Grade: B
In 2023, Goffstown Main Street Program Inc reported a deficit of $18K with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Goffstown Main Street Program Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +18.7% | -17.1% |
| 2022 | -39.4% | -46.2% | -9.8% |
| 2021 | +318.4% | +59.9% | -21.3% |
| 2020 | -76.8% | -8.0% | -25.5% |
| 2019 | +5.0% | -4.6% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Main Street Program Inc with a Mission Score of 70 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: 80%
- fundraising: 5%
According to IRS 990 filings, Goffstown Main Street Program Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure, which is highly efficient for a nonprofit of this 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.
Red Flags
The following concerns were identified during AI analysis of Goffstown Main Street Program Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years (e.g., 2023, 2022, 2021, 2020).
- Significant decline in total assets from $200,441 in 2019 to $87,970 in 2023.
Strengths
The following positive indicators were identified for Goffstown Main Street Program Inc:
- Zero officer compensation, indicating a volunteer-driven and efficient leadership structure.
- No reported liabilities across all filing periods, demonstrating strong financial management in terms of debt.
- Consistent filing of IRS 990s, indicating good transparency.
Frequently Asked Questions about Goffstown Main Street Program Inc
Is Goffstown Main Street Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goffstown Main Street Program Inc (EIN: 20506535) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Goffstown Main Street Program Inc spend its money?
Goffstown Main Street Program Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goffstown Main Street Program Inc tax-deductible?
Goffstown Main Street Program Inc is registered as a tax-exempt nonprofit (EIN: 20506535). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Goffstown Main Street Program Inc's spending goes to programs?
Goffstown Main Street Program Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Goffstown Main Street Program Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Goffstown Main Street Program Inc is above average for NTEE category S200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Goffstown Main Street Program Inc located?
Goffstown Main Street Program Inc is headquartered in Goffstown, New Hampshire and files with the IRS under EIN 20506535. It is classified under NTEE code S200.
How many years of IRS 990 filings does Goffstown Main Street Program Inc have?
Goffstown Main Street Program Inc has 13 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 $82K in total revenue.
Is Goffstown Main Street Program Inc a good charity?
The organization demonstrates strong transparency and a volunteer-driven model with no officer compensation, which are positive indicators. However, its recent financial performance shows expenses consistently exceeding revenue, leading to a significant decline in assets. While it appears to be focused on its mission, its long-term financial sustainability is a concern.
What is the trend in the organization's assets?
The organization's assets have been on a downward trend since 2019, decreasing from a peak of $200,441 to $87,970 in 2023. This decline is primarily due to expenses consistently exceeding revenue in recent years.
How does the organization manage its liabilities?
Goffstown Main Street Program Inc has reported $0 in liabilities across all available IRS 990 filings, indicating a very strong balance sheet in terms of debt management.
What is the organization's revenue trend?
Revenue has fluctuated significantly over the years, with a low of $19,340 in 2020 and a high of $138,085 in 2016. More recently, revenue has been around $50,000-$80,000, but often insufficient to cover expenses.
Filing History
IRS 990 filing history for Goffstown Main Street Program Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Goffstown Main Street Program Inc's revenue has declined by 26%, moving from $73K to $54K. Total assets increased by 66.5% over the same period, from $53K to $88K. Total functional expenses rose by 2.2%, from $70K to $72K. In its most recent filing year (2023), Goffstown Main Street Program Inc reported a deficit of $18K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54K | $72K | $88K | $0 | — | — |
| 2022 | $49K | $61K | $106K | $0 | — | View 990 |
| 2021 | $81K | $113K | $118K | $0 | — | View 990 |
| 2020 | $19K | $70K | $149K | $0 | — | View 990 |
| 2019 | $83K | $77K | $200K | $0 | — | View 990 |
| 2018 | $79K | $80K | $194K | $0 | — | View 990 |
| 2017 | $62K | $42K | $195K | $0 | — | View 990 |
| 2016 | $138K | $42K | $174K | $0 | — | View 990 |
| 2015 | $67K | $60K | $79K | $0 | — | View 990 |
| 2014 | $69K | $67K | $72K | $0 | — | View 990 |
| 2013 | $82K | $74K | $70K | $0 | — | View 990 |
| 2012 | $85K | $75K | $62K | $0 | — | View 990 |
| 2011 | $73K | $70K | $53K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54K, expenses of $72K, and assets of $88K (revenue +9.7% year-over-year).
- 2022: Revenue of $49K, expenses of $61K, and assets of $106K (revenue -39.4% year-over-year).
- 2021: Revenue of $81K, expenses of $113K, and assets of $118K (revenue +318.4% year-over-year).
- 2020: Revenue of $19K, expenses of $70K, and assets of $149K (revenue -76.8% year-over-year).
- 2019: Revenue of $83K, expenses of $77K, and assets of $200K (revenue +5.0% year-over-year).
- 2018: Revenue of $79K, expenses of $80K, and assets of $194K (revenue +27.1% year-over-year).
- 2017: Revenue of $62K, expenses of $42K, and assets of $195K (revenue -54.8% year-over-year).
- 2016: Revenue of $138K, expenses of $42K, and assets of $174K (revenue +106.3% year-over-year).
- 2015: Revenue of $67K, expenses of $60K, and assets of $79K (revenue -3.4% year-over-year).
- 2014: Revenue of $69K, expenses of $67K, and assets of $72K (revenue -15.2% year-over-year).
- 2013: Revenue of $82K, expenses of $74K, and assets of $70K (revenue -3.4% year-over-year).
- 2012: Revenue of $85K, expenses of $75K, and assets of $62K (revenue +16.4% year-over-year).
- 2011: Revenue of $73K, expenses of $70K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goffstown Main Street Program Inc:
Data Sources and Methodology
This transparency report for Goffstown Main Street Program 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.