Hannah Grimes Center
Hannah Grimes Center shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 20519934 · Keene, NH · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
Is Hannah Grimes Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hannah Grimes Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hannah Grimes Center
Hannah Grimes Center (EIN: 20519934) is a nonprofit organization based in Keene, NH, classified under NTEE code B99. The organization reported total revenue of $1.7M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hannah Grimes Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hannah Grimes Center is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$133K |
| Total Assets | $2.5M |
| Total Liabilities | $83K |
| Net Assets | $2.4M |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 25.0 months |
Financial Health Grade: A
In 2023, Hannah Grimes Center reported a surplus of $133K with revenue exceeding expenses, holds 25.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hannah Grimes Center's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.8% | +25.2% | +7.3% |
| 2022 | -4.4% | +14.0% | -1.9% |
| 2021 | +5.5% | +30.4% | +0.4% |
| 2020 | +28.8% | +11.7% | +18.5% |
| 2019 | +68.7% | +32.8% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Hannah Grimes Center 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: 80%
- fundraising: 10%
According to IRS 990 filings, Hannah Grimes Center allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $133K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
The Hannah Grimes Center consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $1 million and assets over $2.5 million. This suggests either a fully volunteer leadership structure or that executive compensation is categorized differently within their financial statements, which could obscure a complete picture of leadership costs.
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 Hannah Grimes Center's IRS 990 filings:
- Unusual 0% officer compensation reported, potentially obscuring leadership costs.
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data limits full efficiency analysis.
Strengths
The following positive indicators were identified for Hannah Grimes Center:
- Consistent revenue growth, from $719,184 in 2014 to $1,338,083 in 2023.
- Strong asset base ($2,507,355 in 2023) significantly exceeding liabilities ($82,630), indicating financial stability.
- Generally positive net income, with revenue often exceeding expenses.
- Low liabilities relative to assets, suggesting good financial management and solvency.
Frequently Asked Questions about Hannah Grimes Center
Is Hannah Grimes Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Hannah Grimes Center (EIN: 20519934) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Hannah Grimes Center spend its money?
Hannah Grimes Center directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hannah Grimes Center tax-deductible?
Hannah Grimes Center is registered as a tax-exempt nonprofit (EIN: 20519934). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hannah Grimes Center CEO make?
Hannah Grimes Center's highest-compensated officer earns $1 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hannah Grimes Center's spending goes to programs?
Hannah Grimes Center directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hannah Grimes Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hannah Grimes Center is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hannah Grimes Center located?
Hannah Grimes Center is headquartered in Keene, New Hampshire and files with the IRS under EIN 20519934. It is classified under NTEE code B99.
How many years of IRS 990 filings does Hannah Grimes Center have?
Hannah Grimes Center 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 $1.7M in total revenue.
How does Hannah Grimes Center manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests either a fully volunteer leadership model or that compensation for key executives is reported under other expense categories, which would require further detail from their full IRS Form 990 to clarify.
What is the specific breakdown of program, administrative, and fundraising expenses?
Based on the provided summary data, a precise breakdown of program, administrative, and fundraising expenses is not available. This information is crucial for a more detailed assessment of spending efficiency and program focus, and would typically be found in Part IX of the full IRS Form 990.
Has the organization experienced any significant financial challenges?
While the organization generally shows positive net income, there were a few periods where expenses slightly exceeded revenue, such as in 2022 ($962,738 expenses vs. $893,273 revenue) and 2018 ($436,582 expenses vs. $407,833 revenue). However, these appear to be minor fluctuations within an overall trend of growth and financial health.
Filing History
IRS 990 filing history for Hannah Grimes Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hannah Grimes Center's revenue has grown by 50%, moving from $892K to $1.3M. Total assets increased by 84.3% over the same period, from $1.4M to $2.5M. Total functional expenses rose by 244.6%, from $350K to $1.2M. In its most recent filing year (2023), Hannah Grimes Center reported a surplus of $133K, with revenue exceeding expenses. The organization holds $83K in liabilities against $2.5M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $2.5M | $83K | — | — |
| 2022 | $893K | $963K | $2.3M | $45K | — | View 990 |
| 2021 | $935K | $844K | $2.4M | $22K | — | View 990 |
| 2020 | $886K | $648K | $2.4M | $103K | — | — |
| 2019 | $688K | $580K | $2.0M | $23K | — | View 990 |
| 2018 | $408K | $437K | $1.9M | $48K | — | View 990 |
| 2017 | $416K | $408K | $2.0M | $67K | — | — |
| 2016 | $445K | $387K | $1.9M | $85K | — | View 990 |
| 2015 | $572K | $321K | $1.9M | $136K | — | View 990 |
| 2014 | $719K | $314K | $1.6M | $16K | — | View 990 |
| 2013 | $442K | $339K | $1.2M | $41K | — | View 990 |
| 2012 | $358K | $405K | $1.2M | $132K | — | View 990 |
| 2011 | $892K | $350K | $1.4M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $2.5M (revenue +49.8% year-over-year).
- 2022: Revenue of $893K, expenses of $963K, and assets of $2.3M (revenue -4.4% year-over-year).
- 2021: Revenue of $935K, expenses of $844K, and assets of $2.4M (revenue +5.5% year-over-year).
- 2020: Revenue of $886K, expenses of $648K, and assets of $2.4M (revenue +28.8% year-over-year).
- 2019: Revenue of $688K, expenses of $580K, and assets of $2.0M (revenue +68.7% year-over-year).
- 2018: Revenue of $408K, expenses of $437K, and assets of $1.9M (revenue -1.9% year-over-year).
- 2017: Revenue of $416K, expenses of $408K, and assets of $2.0M (revenue -6.6% year-over-year).
- 2016: Revenue of $445K, expenses of $387K, and assets of $1.9M (revenue -22.2% year-over-year).
- 2015: Revenue of $572K, expenses of $321K, and assets of $1.9M (revenue -20.5% year-over-year).
- 2014: Revenue of $719K, expenses of $314K, and assets of $1.6M (revenue +62.6% year-over-year).
- 2013: Revenue of $442K, expenses of $339K, and assets of $1.2M (revenue +23.5% year-over-year).
- 2012: Revenue of $358K, expenses of $405K, and assets of $1.2M (revenue -59.8% year-over-year).
- 2011: Revenue of $892K, expenses of $350K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hannah Grimes Center:
Data Sources and Methodology
This transparency report for Hannah Grimes Center 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.