Goffstown Network Inc
Goffstown Network Inc. shows strong volunteer support with no officer compensation, but experienced a significant deficit in 2023.
EIN: 20453688 · Goffstown, NH · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $55K |
| Total Expenses | $70K |
| Program Spending | 85% |
| Net Assets | $83K |
| Transparency Score | 85/100 |
Is Goffstown Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goffstown Network Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goffstown Network Inc
Goffstown Network Inc (EIN: 20453688) is a nonprofit organization based in Goffstown, NH, classified under NTEE code P60. The organization reported total revenue of $55K and total assets of $65K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goffstown Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Goffstown Network Inc is a micro nonprofit that has been operating for 4 years, with 11 years of IRS 990 filings on record (2012–2023). 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 | $47K |
| Total Expenses | $70K |
| Surplus / Deficit | $-23,256 |
| Total Assets | $83K |
| Net Assets | $83K |
| Operating Margin | -49.8% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2023, Goffstown Network Inc reported a deficit of $23K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2012–2023), Goffstown Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.2% | +109.6% | -21.9% |
| 2022 | -47.6% | -46.7% | +21.7% |
| 2021 | +108.4% | +93.7% | +57.2% |
| 2019 | -26.3% | -30.2% | +6.9% |
| 2018 | +19.2% | +68.0% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
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 Network Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Goffstown Network Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $23K, with expenses exceeding revenue.
Executive Compensation Analysis
Goffstown Network Inc. reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for direct program funding.
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 Network Inc's IRS 990 filings:
- Expenses exceeded revenue by $23,256 in the 2023 fiscal period, leading to a decrease in assets.
Strengths
The following positive indicators were identified for Goffstown Network Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
- Maintained zero liabilities across all reported periods, demonstrating strong financial stability.
- Consistent history of IRS 990 filings, indicating good transparency.
- Maintained a healthy asset base, with assets consistently exceeding liabilities.
Frequently Asked Questions about Goffstown Network Inc
Is Goffstown Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Goffstown Network Inc (EIN: 20453688) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Goffstown Network Inc spend its money?
Goffstown Network Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goffstown Network Inc tax-deductible?
Goffstown Network Inc is registered as a tax-exempt nonprofit (EIN: 20453688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Goffstown Network Inc's spending goes to programs?
Goffstown Network Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Goffstown Network Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Goffstown Network Inc is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Goffstown Network Inc located?
Goffstown Network Inc is headquartered in Goffstown, New Hampshire and files with the IRS under EIN 20453688. It is classified under NTEE code P60.
How many years of IRS 990 filings does Goffstown Network Inc have?
Goffstown Network Inc has 11 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 $55K in total revenue.
Is Goffstown Network Inc. a good charity?
Based on the available data, Goffstown Network Inc. appears to be a good charity. It has a history of consistent operations, no reported officer compensation, and zero liabilities, indicating responsible financial management. The majority of its resources are likely directed towards its mission.
How does Goffstown Network Inc. manage its finances?
The organization manages its finances prudently, consistently maintaining zero liabilities and building an asset base. While there was a deficit in 2023 where expenses ($69,955) exceeded revenue ($46,699), its overall financial history suggests careful stewardship of funds.
What is the trend in Goffstown Network Inc.'s revenue and expenses?
Revenue and expenses for Goffstown Network Inc. have fluctuated over the years. For example, revenue peaked at $74,800 in 2021, while expenses were highest in 2023 at $69,955. The organization generally operates with revenues covering expenses, though 2023 was an exception.
Does Goffstown Network Inc. pay its executives?
No, Goffstown Network Inc. reports 0% officer compensation in all available IRS 990 filings, indicating that its executives or officers are not compensated through this category.
Filing History
IRS 990 filing history for Goffstown Network Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Goffstown Network Inc's revenue has grown by 31.1%, moving from $36K to $47K. Total assets increased by 203.3% over the same period, from $27K to $83K. Total functional expenses rose by 89.4%, from $37K to $70K. In its most recent filing year (2023), Goffstown Network Inc reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $70K | $83K | $0 | — | View 990 |
| 2022 | $39K | $33K | $106K | $0 | — | View 990 |
| 2021 | $75K | $63K | $87K | $0 | — | — |
| 2019 | $36K | $32K | $55K | $0 | — | — |
| 2018 | $49K | $46K | $52K | $0 | — | — |
| 2017 | $41K | $28K | $50K | $0 | — | View 990 |
| 2016 | $35K | $31K | $36K | $0 | — | View 990 |
| 2015 | $31K | $29K | $31K | $0 | — | View 990 |
| 2014 | $34K | $43K | $29K | $0 | — | View 990 |
| 2013 | $42K | $31K | $38K | $0 | — | View 990 |
| 2012 | $36K | $37K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $70K, and assets of $83K (revenue +19.2% year-over-year).
- 2022: Revenue of $39K, expenses of $33K, and assets of $106K (revenue -47.6% year-over-year).
- 2021: Revenue of $75K, expenses of $63K, and assets of $87K (revenue +108.4% year-over-year).
- 2019: Revenue of $36K, expenses of $32K, and assets of $55K (revenue -26.3% year-over-year).
- 2018: Revenue of $49K, expenses of $46K, and assets of $52K (revenue +19.2% year-over-year).
- 2017: Revenue of $41K, expenses of $28K, and assets of $50K (revenue +15.4% year-over-year).
- 2016: Revenue of $35K, expenses of $31K, and assets of $36K (revenue +12.6% year-over-year).
- 2015: Revenue of $31K, expenses of $29K, and assets of $31K (revenue -7.7% year-over-year).
- 2014: Revenue of $34K, expenses of $43K, and assets of $29K (revenue -19.0% year-over-year).
- 2013: Revenue of $42K, expenses of $31K, and assets of $38K (revenue +18.0% year-over-year).
- 2012: Revenue of $36K, expenses of $37K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Goffstown Network Inc:
Data Sources and Methodology
This transparency report for Goffstown Network 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.