Gorham 4 Th Of July Committee
Gorham 4th of July Committee consistently operates with no officer compensation and maintains healthy assets.
EIN: 20447459 · Gorham, NH · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31K |
| Total Expenses | $23K |
| Program Spending | 90% |
| Net Assets | $24K |
| Transparency Score | 95/100 |
Is Gorham 4 Th Of July Committee Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gorham 4 Th Of July Committee directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gorham 4 Th Of July Committee
Gorham 4 Th Of July Committee (EIN: 20447459) is a nonprofit organization based in Gorham, NH, classified under NTEE code T20. The organization reported total revenue of $31K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gorham 4 Th Of July Committee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gorham 4 Th Of July Committee is a micro nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $23K |
| Surplus / Deficit | +$1K |
| Total Assets | $24K |
| Net Assets | $24K |
| Operating Margin | 4.9% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Gorham 4 Th Of July Committee reported a surplus of $1K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Gorham 4 Th Of July Committee's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.9% | +22.6% | +5.2% |
| 2022 | +25.6% | -1.6% | +58.9% |
| 2021 | +1484.8% | +1199.9% | +21.8% |
| 2020 | -95.3% | -95.0% | -0.9% |
| 2019 | +0.4% | -19.1% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Gorham 4 Th Of July Committee with a Mission Score of 95 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, Gorham 4 Th Of July Committee 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that the organization is run by volunteers and all funds are directed towards its operations and programs, which is highly efficient for an organization 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 Gorham 4 Th Of July Committee:
- Zero officer compensation across all filings, indicating volunteer-led operations and high efficiency.
- Consistent positive asset balance, demonstrating financial stability (e.g., $24,190 in 2023).
- No reported liabilities in any filing period, suggesting excellent financial management.
- Consistent filing of IRS Form 990s, indicating strong transparency.
- Revenue generally covers expenses, with a positive net in most years (e.g., 2023 revenue $24,533 vs. expenses $23,331).
Frequently Asked Questions about Gorham 4 Th Of July Committee
Is Gorham 4 Th Of July Committee a legitimate charity?
Based on AI analysis of IRS 990 filings, Gorham 4 Th Of July Committee (EIN: 20447459) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Gorham 4 Th Of July Committee spend its money?
Gorham 4 Th Of July Committee directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gorham 4 Th Of July Committee tax-deductible?
Gorham 4 Th Of July Committee is registered as a tax-exempt nonprofit (EIN: 20447459). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gorham 4 Th Of July Committee compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Gorham 4 Th Of July Committee is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gorham 4 Th Of July Committee located?
Gorham 4 Th Of July Committee is headquartered in Gorham, New Hampshire and files with the IRS under EIN 20447459. It is classified under NTEE code T20.
How many years of IRS 990 filings does Gorham 4 Th Of July Committee have?
Gorham 4 Th Of July Committee 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 $31K in total revenue.
Is the Gorham 4th of July Committee a good charity?
Based on the available financial data, the Gorham 4th of July Committee appears to be a very good charity. They consistently report 0% officer compensation, maintain a healthy asset base (e.g., $24,190 in 2023), and have no liabilities, indicating strong financial health and efficient use of funds.
How does the organization manage its expenses?
The organization manages its expenses effectively, often keeping them close to or below its annual revenue. For instance, in 2023, expenses were $23,331 against revenues of $24,533. The absence of officer compensation suggests a very lean operational model.
What is the trend in the organization's assets?
The organization's assets have shown a positive trend, particularly in recent years, growing from $11,879 in 2020 to $24,190 in 2023, indicating financial stability and growth.
Filing History
IRS 990 filing history for Gorham 4 Th Of July Committee showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Gorham 4 Th Of July Committee's revenue has grown by 24.6%, moving from $20K to $25K. Total assets increased by 33.3% over the same period, from $18K to $24K. Total functional expenses rose by 8.1%, from $22K to $23K. In its most recent filing year (2023), Gorham 4 Th Of July Committee reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $23K | $24K | $0 | — | View 990 |
| 2022 | $28K | $19K | $23K | $0 | — | View 990 |
| 2021 | $22K | $19K | $14K | $0 | — | — |
| 2020 | $1K | $1K | $12K | $0 | — | — |
| 2019 | $30K | $30K | $12K | $0 | — | View 990 |
| 2018 | $29K | $37K | $12K | $0 | — | View 990 |
| 2017 | $33K | $33K | $19K | $0 | — | View 990 |
| 2016 | $29K | $28K | $19K | $0 | — | View 990 |
| 2015 | $25K | $21K | $18K | $0 | — | View 990 |
| 2014 | $19K | $23K | $14K | $0 | — | View 990 |
| 2013 | $20K | $22K | $18K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $23K, and assets of $24K (revenue -10.9% year-over-year).
- 2022: Revenue of $28K, expenses of $19K, and assets of $23K (revenue +25.6% year-over-year).
- 2021: Revenue of $22K, expenses of $19K, and assets of $14K (revenue +1484.8% year-over-year).
- 2020: Revenue of $1K, expenses of $1K, and assets of $12K (revenue -95.3% year-over-year).
- 2019: Revenue of $30K, expenses of $30K, and assets of $12K (revenue +0.4% year-over-year).
- 2018: Revenue of $29K, expenses of $37K, and assets of $12K (revenue -11.4% year-over-year).
- 2017: Revenue of $33K, expenses of $33K, and assets of $19K (revenue +15.6% year-over-year).
- 2016: Revenue of $29K, expenses of $28K, and assets of $19K (revenue +15.7% year-over-year).
- 2015: Revenue of $25K, expenses of $21K, and assets of $18K (revenue +32.9% year-over-year).
- 2014: Revenue of $19K, expenses of $23K, and assets of $14K (revenue -5.2% year-over-year).
- 2013: Revenue of $20K, expenses of $22K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gorham 4 Th Of July Committee:
Data Sources and Methodology
This transparency report for Gorham 4 Th Of July Committee 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.