Granite Springs Foundation
Granite Springs Foundation operates on a very tight budget with minimal net income and no reported officer compensation.
EIN: 204494310 · Portsmouth, NH · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $92K |
| Program Spending | 90% |
| Net Assets | $1K |
| Transparency Score | 75/100 |
Is Granite Springs Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Granite Springs Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Granite Springs Foundation
Granite Springs Foundation (EIN: 204494310) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code T30. 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 Granite Springs Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Granite Springs Foundation is a micro nonprofit that has been operating for 13 years, with 2 years of IRS 990 filings on record (2018–2019). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $92K |
| Surplus / Deficit | +$234 |
| Total Assets | $79K |
| Total Liabilities | $78K |
| Net Assets | $1K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 98.6% |
| Months of Reserves | 10.3 months |
Financial Health Grade: A
In 2019, Granite Springs Foundation reported a surplus of $234 with revenue exceeding expenses, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 98.6% (high leverage).
Financial Trends
Over 2 years of filings (2018–2019), Granite Springs Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +5.2% | +5.1% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Granite Springs Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Granite Springs Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $234, with revenue exceeding expenses.
- Debt-to-asset ratio: 98.6%.
Executive Compensation Analysis
No officer compensation was reported for either 2018 or 2019, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is highly efficient for an organization 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 Granite Springs Foundation's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential inactivity or data discrepancy.
- Very tight operating margins, with expenses consistently close to revenue, leaving little for reserves.
Strengths
The following positive indicators were identified for Granite Springs Foundation:
- No reported officer compensation, suggesting high efficiency in leadership costs.
- Consistently spends nearly all revenue on operations, indicating a focus on mission execution.
- Low liabilities relative to assets, maintaining a stable, albeit small, balance sheet.
Frequently Asked Questions about Granite Springs Foundation
Is Granite Springs Foundation a legitimate charity?
Granite Springs Foundation (EIN: 204494310) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 2 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Granite Springs Foundation spend its money?
Granite Springs Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Granite Springs Foundation tax-deductible?
Granite Springs Foundation is registered as a tax-exempt nonprofit (EIN: 204494310). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Granite Springs Foundation's spending goes to programs?
Granite Springs Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Granite Springs Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Granite Springs Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Granite Springs Foundation located?
Granite Springs Foundation is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 204494310. It is classified under NTEE code T30.
How many years of IRS 990 filings does Granite Springs Foundation have?
Granite Springs Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What is the specific mission of Granite Springs Foundation?
The NTEE code T30 indicates 'Philanthropy, Voluntarism & Grantmaking Foundations - Private Grantmaking Foundations', suggesting its mission involves providing grants or support to other organizations or causes.
Why does the latest filing show $0 revenue and assets?
This could indicate a period of dormancy, a change in operational status, or that the provided 'Latest Revenue' and 'Assets' data points refer to a different, possibly incomplete, filing period than the detailed 2018 and 2019 data.
How does Granite Springs Foundation manage to operate with such minimal net income?
The organization consistently spends nearly all its revenue, with net income of only $234 in 2019 and $107 in 2018, indicating very careful financial management and a focus on direct spending rather than accumulating reserves.
Filing History
IRS 990 filing history for Granite Springs Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2018–2019), Granite Springs Foundation's revenue has grown by 5.2%, moving from $88K to $92K. Total assets increased by 2.3% over the same period, from $77K to $79K. Total functional expenses rose by 5.1%, from $87K to $92K. In its most recent filing year (2019), Granite Springs Foundation reported a surplus of $234, with revenue exceeding expenses. The organization holds $78K in liabilities against $79K in assets (debt-to-asset ratio: 98.6%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $92K | $92K | $79K | $78K | — | View 990 |
| 2018 | $88K | $87K | $77K | $76K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Granite Springs Foundation:
Data Sources and Methodology
This transparency report for Granite Springs Foundation 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.