Granite State Ambassadors Inc
Granite State Ambassadors Inc. consistently operates with modest surpluses and no reported officer compensation.
EIN: 20505492 · Goffstown, NH · NTEE: T40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $180K |
| Program Spending | 85% |
| Net Assets | $114K |
| Transparency Score | 90/100 |
Is Granite State Ambassadors Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Granite State Ambassadors Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Granite State Ambassadors Inc
Granite State Ambassadors Inc (EIN: 20505492) is a nonprofit organization based in Goffstown, NH, classified under NTEE code T40. The organization reported total revenue of $197K and total assets of $127K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite State Ambassadors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Granite State Ambassadors Inc is a small 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 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $180K |
| Surplus / Deficit | +$5K |
| Total Assets | $114K |
| Total Liabilities | $77 |
| Net Assets | $114K |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, Granite State Ambassadors Inc reported a surplus of $5K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Granite State Ambassadors Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | -1.9% | +2.3% |
| 2022 | -7.4% | +2.9% | -9.3% |
| 2021 | +11.6% | +37.9% | -9.6% |
| 2020 | +6.9% | -4.4% | +76.2% |
| 2019 | +14.2% | +3.2% | +36.2% |
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 Granite State Ambassadors Inc with a Mission Score of 90 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, Granite State Ambassadors 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 surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Granite State Ambassadors Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or very lean executive structure, allowing more funds to be directed towards program activities.
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 Granite State Ambassadors Inc:
- Consistent financial stability with revenues generally exceeding expenses.
- Zero reported officer compensation, indicating high efficiency in leadership costs.
- Steady growth in assets over the past decade, from $42,324 in 2015 to $114,423 in 2023.
- Low liabilities relative to assets, indicating strong financial health.
- Demonstrated ability to manage operations effectively within its revenue range.
Frequently Asked Questions about Granite State Ambassadors Inc
Is Granite State Ambassadors Inc a legitimate charity?
Granite State Ambassadors Inc (EIN: 20505492) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $197K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Granite State Ambassadors Inc spend its money?
Granite State Ambassadors Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Granite State Ambassadors Inc tax-deductible?
Granite State Ambassadors Inc is registered as a tax-exempt nonprofit (EIN: 20505492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Granite State Ambassadors Inc's spending goes to programs?
Granite State Ambassadors Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Granite State Ambassadors Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Granite State Ambassadors Inc is above average for NTEE category T40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Granite State Ambassadors Inc located?
Granite State Ambassadors Inc is headquartered in Goffstown, New Hampshire and files with the IRS under EIN 20505492. It is classified under NTEE code T40.
How many years of IRS 990 filings does Granite State Ambassadors Inc have?
Granite State Ambassadors 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 $197K in total revenue.
How does Granite State Ambassadors Inc. manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, allowing a greater proportion of funds to be allocated to programs.
What is the primary source of Granite State Ambassadors Inc.'s revenue?
While not explicitly detailed in the provided data, the consistent revenue figures ranging from $134,501 to $185,053 suggest a stable funding model, likely from a mix of grants, donations, and potentially program service fees, typical for a T40 NTEE code organization (Recreation & Sports).
Are the organization's liabilities a concern?
Liabilities have generally remained low, with the highest reported at $19,854 in 2020, compared to assets of $136,318 in the same year. This indicates a healthy balance sheet with minimal financial risk.
Filing History
IRS 990 filing history for Granite State Ambassadors Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Granite State Ambassadors Inc's revenue has grown by 65.3%, moving from $112K to $185K. Total assets increased by 297.9% over the same period, from $29K to $114K. Total functional expenses rose by 64.8%, from $109K to $180K. In its most recent filing year (2023), Granite State Ambassadors Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $77 in liabilities against $114K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $114K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $180K | $114K | $77 | — | — |
| 2022 | $170K | $183K | $112K | $3K | — | View 990 |
| 2021 | $183K | $178K | $123K | $2K | — | View 990 |
| 2020 | $164K | $129K | $136K | $20K | — | — |
| 2019 | $154K | $135K | $77K | $0 | — | View 990 |
| 2018 | $135K | $131K | $57K | $1K | — | View 990 |
| 2017 | $135K | $131K | $53K | $0 | — | View 990 |
| 2016 | $139K | $129K | $51K | $6K | — | View 990 |
| 2015 | $142K | $140K | $42K | $8K | — | View 990 |
| 2014 | $135K | $130K | $45K | $13K | — | View 990 |
| 2013 | $139K | $129K | $42K | $21K | — | View 990 |
| 2012 | $125K | $134K | $53K | $41K | — | View 990 |
| 2011 | $112K | $109K | $29K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $180K, and assets of $114K (revenue +9.1% year-over-year).
- 2022: Revenue of $170K, expenses of $183K, and assets of $112K (revenue -7.4% year-over-year).
- 2021: Revenue of $183K, expenses of $178K, and assets of $123K (revenue +11.6% year-over-year).
- 2020: Revenue of $164K, expenses of $129K, and assets of $136K (revenue +6.9% year-over-year).
- 2019: Revenue of $154K, expenses of $135K, and assets of $77K (revenue +14.2% year-over-year).
- 2018: Revenue of $135K, expenses of $131K, and assets of $57K (revenue -0.5% year-over-year).
- 2017: Revenue of $135K, expenses of $131K, and assets of $53K (revenue -2.8% year-over-year).
- 2016: Revenue of $139K, expenses of $129K, and assets of $51K (revenue -2.3% year-over-year).
- 2015: Revenue of $142K, expenses of $140K, and assets of $42K (revenue +5.4% year-over-year).
- 2014: Revenue of $135K, expenses of $130K, and assets of $45K (revenue -2.5% year-over-year).
- 2013: Revenue of $139K, expenses of $129K, and assets of $42K (revenue +11.3% year-over-year).
- 2012: Revenue of $125K, expenses of $134K, and assets of $53K (revenue +11.3% year-over-year).
- 2011: Revenue of $112K, expenses of $109K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Granite State Ambassadors Inc:
Data Sources and Methodology
This transparency report for Granite State Ambassadors 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.