Granite State Rural Water Association

Is Granite State Rural Water Association Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Granite State Rural Water Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Granite State Rural Water Association

Granite State Rural Water Association (EIN: 203427007) is a nonprofit organization based in Plymouth, NH, classified under NTEE code S41. The organization reported total revenue of $1.0M and total assets of $757K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite State Rural Water Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Granite State Rural Water Association with a Mission Score of 92 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Granite State Rural Water Association allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with over $1 million in revenue and suggests a strong commitment to directing funds to programs.

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 Rural Water Association:

• Consistent revenue growth, from $796,424 in 2019 to $1,021,712 in the latest period.
• Zero reported officer compensation across all filings, indicating high transparency and mission focus.
• Healthy asset growth, from $345,660 in 2019 to $757,213 in the latest period.
• Strong program spending efficiency, implied by low administrative and fundraising costs.
• Stable and manageable liabilities relative to assets.

Frequently Asked Questions about Granite State Rural Water Association

Filing History

IRS 990 filing history for Granite State Rural Water Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Granite State Rural Water Association's revenue has grown by 47.8%, moving from $594K to $878K. Total assets increased by 135.5% over the same period, from $285K to $672K. Total functional expenses rose by 39.3%, from $571K to $796K. In its most recent filing year (2023), Granite State Rural Water Association reported a surplus of $82K, with revenue exceeding expenses. The organization holds $74K in liabilities against $672K in assets (debt-to-asset ratio: 11.0%), resulting in net assets of $598K.

Year-by-Year Financial Summary

• 2023: Revenue of $878K, expenses of $796K, and assets of $672K (revenue +18.4% year-over-year).
• 2022: Revenue of $741K, expenses of $661K, and assets of $571K (revenue -6.4% year-over-year).
• 2021: Revenue of $792K, expenses of $679K, and assets of $502K (revenue +17.5% year-over-year).
• 2020: Revenue of $674K, expenses of $629K, and assets of $393K (revenue -15.3% year-over-year).
• 2019: Revenue of $796K, expenses of $761K, and assets of $346K (revenue +11.2% year-over-year).
• 2018: Revenue of $716K, expenses of $680K, and assets of $314K (revenue +1.7% year-over-year).
• 2017: Revenue of $704K, expenses of $712K, and assets of $281K (revenue +6.9% year-over-year).
• 2016: Revenue of $659K, expenses of $622K, and assets of $277K (revenue -1.6% year-over-year).
• 2015: Revenue of $670K, expenses of $660K, and assets of $282K (revenue +4.9% year-over-year).
• 2014: Revenue of $638K, expenses of $623K, and assets of $326K (revenue +3.9% year-over-year).
• 2013: Revenue of $614K, expenses of $605K, and assets of $305K (revenue +21.2% year-over-year).
• 2012: Revenue of $507K, expenses of $496K, and assets of $292K (revenue -14.7% year-over-year).
• 2011: Revenue of $594K, expenses of $571K, and assets of $285K.

Data Sources and Methodology

This transparency report for Granite State Rural Water Association 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.