Granite State Fitkids
Granite State Fitkids maintains healthy assets despite fluctuating revenue and occasional deficit spending.
EIN: 20519379 · Nashua, NH · NTEE: B80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $9K |
| Program Spending | 85% |
| Net Assets | $39K |
| Transparency Score | 85/100 |
Is Granite State Fitkids Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Granite State Fitkids directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Granite State Fitkids
Granite State Fitkids (EIN: 20519379) is a nonprofit organization based in Nashua, NH, classified under NTEE code B80. The organization reported total revenue of $9K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite State Fitkids's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Granite State Fitkids is a micro nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -22.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $9K |
| Surplus / Deficit | $-7,055 |
| Total Assets | $39K |
| Net Assets | $39K |
| Operating Margin | -345.3% |
| Months of Reserves | 52.1 months |
Financial Health Grade: B
In 2024, Granite State Fitkids reported a deficit of $7K with expenses exceeding revenue, holds 52.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Granite State Fitkids's revenue has declined at a compound annual growth rate (CAGR) of -22.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -79.5% | +20.0% | -15.2% |
| 2023 | +7.7% | +30.9% | +5.5% |
| 2022 | -36.0% | +53.7% | +8.6% |
| 2021 | -28.1% | -77.2% | +35.9% |
| 2020 | -8.4% | -31.2% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
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 Fitkids 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, Granite State Fitkids 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable 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.
Red Flags
The following concerns were identified during AI analysis of Granite State Fitkids's IRS 990 filings:
- Significant revenue decline in recent years (from $35,579 in 2018 to $2,043 in 2024)
- Frequent periods of expenses exceeding revenue (e.g., 202406, 201906, 201706, 201606, 201506)
Strengths
The following positive indicators were identified for Granite State Fitkids:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission
- No reported liabilities in any filing, demonstrating strong financial management
- Healthy asset base ($41,595) significantly exceeding latest annual revenue ($8,695)
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance
Frequently Asked Questions about Granite State Fitkids
Is Granite State Fitkids a legitimate charity?
Based on AI analysis of IRS 990 filings, Granite State Fitkids (EIN: 20519379) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Granite State Fitkids spend its money?
Granite State Fitkids directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Granite State Fitkids tax-deductible?
Granite State Fitkids is registered as a tax-exempt nonprofit (EIN: 20519379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Granite State Fitkids's spending goes to programs?
Granite State Fitkids directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Granite State Fitkids compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Granite State Fitkids is above average for NTEE category B80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Granite State Fitkids located?
Granite State Fitkids is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20519379. It is classified under NTEE code B80.
How many years of IRS 990 filings does Granite State Fitkids have?
Granite State Fitkids 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 $9K in total revenue.
Is Granite State Fitkids financially stable given its fluctuating revenue?
While revenue has fluctuated significantly, from a high of $35,579 in 2018 to $2,043 in 2024, the organization maintains a healthy asset base of $41,595 and no liabilities, suggesting underlying stability despite revenue volatility.
How does Granite State Fitkids manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation implies that the organization is likely run by volunteers or that executive functions are performed pro bono, allowing more funds to be directed to its mission.
What is the trend in Granite State Fitkids' expenses relative to its revenue?
Expenses have sometimes exceeded revenue (e.g., $9,098 expenses vs. $2,043 revenue in 2024; $23,995 expenses vs. $22,008 revenue in 2019), indicating periods of deficit spending, potentially drawing from accumulated assets.
Has Granite State Fitkids grown its assets over time?
Yes, the organization's assets have generally grown over the past decade, from $19,688 in 2017 to $41,595 currently, demonstrating effective asset management despite revenue fluctuations.
Filing History
IRS 990 filing history for Granite State Fitkids showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Granite State Fitkids's revenue has declined by 95%, moving from $41K to $2K. Total assets decreased by 17.4% over the same period, from $48K to $39K. Total functional expenses fell by 79.4%, from $44K to $9K. In its most recent filing year (2024), Granite State Fitkids reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2K | $9K | $39K | $0 | — | — |
| 2023 | $10K | $8K | $47K | $0 | — | View 990 |
| 2022 | $9K | $6K | $44K | $0 | — | — |
| 2021 | $15K | $4K | $41K | $0 | — | — |
| 2020 | $20K | $17K | $30K | $0 | — | View 990 |
| 2019 | $22K | $24K | $26K | $0 | — | View 990 |
| 2018 | $36K | $27K | $28K | $0 | — | — |
| 2017 | $22K | $32K | $20K | $0 | — | View 990 |
| 2016 | $22K | $36K | $30K | $0 | — | View 990 |
| 2015 | $25K | $31K | $44K | $0 | — | View 990 |
| 2014 | $36K | $38K | $49K | $0 | — | View 990 |
| 2013 | $32K | $29K | $51K | $0 | — | View 990 |
| 2012 | $41K | $44K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2K, expenses of $9K, and assets of $39K (revenue -79.5% year-over-year).
- 2023: Revenue of $10K, expenses of $8K, and assets of $47K (revenue +7.7% year-over-year).
- 2022: Revenue of $9K, expenses of $6K, and assets of $44K (revenue -36.0% year-over-year).
- 2021: Revenue of $15K, expenses of $4K, and assets of $41K (revenue -28.1% year-over-year).
- 2020: Revenue of $20K, expenses of $17K, and assets of $30K (revenue -8.4% year-over-year).
- 2019: Revenue of $22K, expenses of $24K, and assets of $26K (revenue -38.1% year-over-year).
- 2018: Revenue of $36K, expenses of $27K, and assets of $28K (revenue +63.7% year-over-year).
- 2017: Revenue of $22K, expenses of $32K, and assets of $20K (revenue -3.4% year-over-year).
- 2016: Revenue of $22K, expenses of $36K, and assets of $30K (revenue -10.9% year-over-year).
- 2015: Revenue of $25K, expenses of $31K, and assets of $44K (revenue -29.5% year-over-year).
- 2014: Revenue of $36K, expenses of $38K, and assets of $49K (revenue +11.4% year-over-year).
- 2013: Revenue of $32K, expenses of $29K, and assets of $51K (revenue -21.2% year-over-year).
- 2012: Revenue of $41K, expenses of $44K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Granite State Fitkids:
Data Sources and Methodology
This transparency report for Granite State Fitkids 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.