Granite State Wheelmen Inc
Granite State Wheelmen Inc operates with no executive compensation and maintains a debt-free balance sheet.
EIN: 20374954 · Salem, NH · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $85K |
| Total Expenses | $85K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $115K |
| Transparency Score | 90/100 |
Is Granite State Wheelmen 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 Wheelmen Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Granite State Wheelmen Inc
Granite State Wheelmen Inc (EIN: 20374954) is a nonprofit organization based in Salem, NH, classified under NTEE code N60. The organization reported total revenue of $85K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Granite State Wheelmen Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Granite State Wheelmen Inc is a micro nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $85K |
| Surplus / Deficit | +$6K |
| Total Assets | $115K |
| Net Assets | $115K |
| Operating Margin | 6.9% |
| Months of Reserves | 16.3 months |
Financial Health Grade: A
In 2023, Granite State Wheelmen Inc reported a surplus of $6K with revenue exceeding expenses, holds 16.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Granite State Wheelmen Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.2% | -19.6% | +5.8% |
| 2022 | +81.6% | +123.2% | +0.7% |
| 2021 | +347.3% | -7.5% | +11.6% |
| 2020 | -86.1% | -36.3% | -28.2% |
| 2019 | +12.0% | +11.9% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Wheelmen 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: 90%
- fundraising: 0%
According to IRS 990 filings, Granite State Wheelmen Inc 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 $6K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of its size with annual revenues typically under $100,000.
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 Wheelmen Inc:
- Consistent 0% officer compensation, indicating high efficiency and volunteer reliance.
- Zero liabilities reported across all filings, demonstrating strong financial health and no debt.
- Consistent filing of IRS Form 990s, showing commitment to transparency.
- Positive net assets maintained over time, indicating financial stability and growth.
- Expenses generally managed within revenue, preventing deficit spending.
Frequently Asked Questions about Granite State Wheelmen Inc
Is Granite State Wheelmen Inc a legitimate charity?
Granite State Wheelmen Inc (EIN: 20374954) 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: $85K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Granite State Wheelmen Inc spend its money?
Granite State Wheelmen Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Granite State Wheelmen Inc tax-deductible?
Granite State Wheelmen Inc is registered as a tax-exempt nonprofit (EIN: 20374954). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Granite State Wheelmen Inc CEO make?
Granite State Wheelmen Inc's highest-compensated officer earns $100,000. annually. The organization reported $85K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Granite State Wheelmen Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Granite State Wheelmen Inc is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Granite State Wheelmen Inc located?
Granite State Wheelmen Inc is headquartered in Salem, New Hampshire and files with the IRS under EIN 20374954. It is classified under NTEE code N60.
How many years of IRS 990 filings does Granite State Wheelmen Inc have?
Granite State Wheelmen 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 $85K in total revenue.
Is Granite State Wheelmen Inc a good charity?
Based on the available financial data, Granite State Wheelmen Inc appears to be a very good charity. They operate without executive compensation, maintain a debt-free status, and consistently file their IRS 990s, indicating strong financial health and transparency.
How does Granite State Wheelmen Inc manage its finances?
The organization manages its finances prudently, consistently keeping expenses in line with or below revenue, leading to asset growth. They have zero liabilities, indicating no debt, and operate without paying officers, maximizing funds for their mission.
What is the trend in Granite State Wheelmen Inc's revenue?
Granite State Wheelmen Inc's revenue has fluctuated significantly, ranging from $13,108 in 2020 to $106,479 in 2022. While variable, it generally hovers around $80,000-$100,000 in recent years, demonstrating resilience despite fluctuations.
Filing History
IRS 990 filing history for Granite State Wheelmen Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Granite State Wheelmen Inc's revenue has grown by 69.9%, moving from $54K to $91K. Total assets increased by 30.8% over the same period, from $88K to $115K. Total functional expenses rose by 15.4%, from $74K to $85K. In its most recent filing year (2023), Granite State Wheelmen Inc reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $85K | $115K | $0 | — | — |
| 2022 | $106K | $106K | $109K | $0 | — | View 990 |
| 2021 | $59K | $47K | $108K | $0 | — | — |
| 2020 | $13K | $51K | $97K | $0 | — | — |
| 2019 | $95K | $80K | $135K | $0 | — | View 990 |
| 2018 | $84K | $72K | $121K | $0 | — | View 990 |
| 2017 | $91K | $76K | $109K | $0 | — | View 990 |
| 2016 | $40K | $32K | $94K | $0 | — | View 990 |
| 2015 | $45K | $46K | $85K | $0 | — | — |
| 2014 | $33K | $43K | $95K | $0 | — | View 990 |
| 2013 | $40K | $37K | $98K | $0 | — | View 990 |
| 2012 | $36K | $40K | $95K | $0 | — | View 990 |
| 2011 | $54K | $74K | $88K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $85K, and assets of $115K (revenue -14.2% year-over-year).
- 2022: Revenue of $106K, expenses of $106K, and assets of $109K (revenue +81.6% year-over-year).
- 2021: Revenue of $59K, expenses of $47K, and assets of $108K (revenue +347.3% year-over-year).
- 2020: Revenue of $13K, expenses of $51K, and assets of $97K (revenue -86.1% year-over-year).
- 2019: Revenue of $95K, expenses of $80K, and assets of $135K (revenue +12.0% year-over-year).
- 2018: Revenue of $84K, expenses of $72K, and assets of $121K (revenue -7.2% year-over-year).
- 2017: Revenue of $91K, expenses of $76K, and assets of $109K (revenue +127.9% year-over-year).
- 2016: Revenue of $40K, expenses of $32K, and assets of $94K (revenue -11.9% year-over-year).
- 2015: Revenue of $45K, expenses of $46K, and assets of $85K (revenue +36.4% year-over-year).
- 2014: Revenue of $33K, expenses of $43K, and assets of $95K (revenue -17.8% year-over-year).
- 2013: Revenue of $40K, expenses of $37K, and assets of $98K (revenue +13.3% year-over-year).
- 2012: Revenue of $36K, expenses of $40K, and assets of $95K (revenue -33.7% year-over-year).
- 2011: Revenue of $54K, expenses of $74K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Granite State Wheelmen Inc:
Data Sources and Methodology
This transparency report for Granite State Wheelmen 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.