Hanover Area Food Shelf Inc
Hanover Area Food Shelf Inc reports a deficit in 2023 while maintaining zero officer compensation and a strong asset base.
EIN: 201952371 · Hanover, MN · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $246K |
| Total Expenses | $367K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $351K |
| Transparency Score | 88/100 |
Is Hanover Area Food Shelf Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hanover Area Food Shelf Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hanover Area Food Shelf Inc
Hanover Area Food Shelf Inc (EIN: 201952371) is a nonprofit organization based in Hanover, MN, classified under NTEE code K31. The organization reported total revenue of $246K and total assets of $436K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanover Area Food Shelf Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hanover Area Food Shelf Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $367K |
| Surplus / Deficit | $-155,688 |
| Total Assets | $351K |
| Net Assets | $351K |
| Operating Margin | -73.8% |
| Months of Reserves | 11.5 months |
Financial Health Grade: B
In 2023, Hanover Area Food Shelf Inc reported a deficit of $156K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hanover Area Food Shelf Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.2% | +57.7% | -30.7% |
| 2022 | -6.9% | +65.7% | +0.5% |
| 2021 | -2.3% | +2.1% | +28.5% |
| 2020 | +123.1% | -10.7% | +44.6% |
| 2019 | -8.7% | -3.7% | -12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Hanover Area Food Shelf Inc with a Mission Score of 88 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, Hanover Area Food Shelf Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $156K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is run by volunteers or that compensation is below reporting thresholds, which is highly efficient for an organization of its size with revenues around $200,000-$250,000.
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.
Red Flags
The following concerns were identified during AI analysis of Hanover Area Food Shelf Inc's IRS 990 filings:
- Significant deficit in the most recent fiscal year (202312) where expenses ($366,553) substantially exceeded revenue ($210,865).
Strengths
The following positive indicators were identified for Hanover Area Food Shelf Inc:
- Consistent zero officer compensation across all reported periods, indicating high efficiency and volunteer-driven leadership.
- Strong asset base ($351,386 in 202312) with zero liabilities, demonstrating financial stability and good fiscal management.
- Mission-aligned NTEE code (K31 - Food Banks & Pantries) with the organization's name and purpose.
- History of strong program focus, implied by the lack of executive compensation and the nature of a food shelf.
Frequently Asked Questions about Hanover Area Food Shelf Inc
Is Hanover Area Food Shelf Inc a legitimate charity?
Hanover Area Food Shelf Inc (EIN: 201952371) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $246K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Hanover Area Food Shelf Inc spend its money?
Hanover Area Food Shelf Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Hanover Area Food Shelf Inc tax-deductible?
Hanover Area Food Shelf Inc is registered as a tax-exempt nonprofit (EIN: 201952371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hanover Area Food Shelf Inc CEO make?
Hanover Area Food Shelf Inc's highest-compensated officer earns $200,000 annually. The organization reported $246K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hanover Area Food Shelf Inc's spending goes to programs?
Hanover Area Food Shelf Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hanover Area Food Shelf Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Hanover Area Food Shelf Inc is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hanover Area Food Shelf Inc located?
Hanover Area Food Shelf Inc is headquartered in Hanover, Minnesota and files with the IRS under EIN 201952371. It is classified under NTEE code K31.
How many years of IRS 990 filings does Hanover Area Food Shelf Inc have?
Hanover Area Food Shelf 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 $246K in total revenue.
Is Hanover Area Food Shelf Inc a good charity?
Based on the available data, Hanover Area Food Shelf Inc appears to be a good charity. They consistently report zero officer compensation, indicating a strong volunteer base and efficient use of funds. Their assets consistently exceed liabilities, showing financial stability. While the 2023 deficit is a point to monitor, their overall history suggests a commitment to their mission.
Why did expenses significantly increase in 2023?
In 202312, expenses increased to $366,553 from $232,424 in 202212. The IRS 990 data alone does not specify the reason for this increase, but it could be due to expanded program services, increased demand for food assistance, or one-time operational costs. Further detail would require reviewing the full 990 form's Statement of Functional Expenses.
How does Hanover Area Food Shelf Inc fund its operations given the 2023 deficit?
Despite the $155,688 deficit in 202312 (Expenses $366,553 - Revenue $210,865), the organization maintains a healthy asset base of $351,386 and zero liabilities. This suggests they likely drew upon reserves or prior year surpluses to cover the increased expenses, demonstrating financial resilience.
Filing History
IRS 990 filing history for Hanover Area Food Shelf Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hanover Area Food Shelf Inc's revenue has grown by 29.2%, moving from $163K to $211K. Total assets increased by 45% over the same period, from $242K to $351K. Total functional expenses rose by 180.3%, from $131K to $367K. In its most recent filing year (2023), Hanover Area Food Shelf Inc reported a deficit of $156K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $367K | $351K | $0 | — | View 990 |
| 2022 | $235K | $232K | $507K | $0 | — | View 990 |
| 2021 | $252K | $140K | $505K | $174 | — | View 990 |
| 2020 | $258K | $137K | $393K | $168 | — | View 990 |
| 2019 | $116K | $154K | $272K | $0 | — | View 990 |
| 2018 | $127K | $160K | $310K | $0 | — | View 990 |
| 2017 | $162K | $164K | $343K | $0 | — | View 990 |
| 2016 | $128K | $139K | $344K | $0 | — | View 990 |
| 2015 | $170K | $140K | $355K | $0 | — | View 990 |
| 2014 | $181K | $150K | $324K | $0 | — | View 990 |
| 2013 | $180K | $129K | $292K | $0 | — | View 990 |
| 2012 | $137K | $138K | $242K | $0 | — | View 990 |
| 2011 | $163K | $131K | $242K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $367K, and assets of $351K (revenue -10.2% year-over-year).
- 2022: Revenue of $235K, expenses of $232K, and assets of $507K (revenue -6.9% year-over-year).
- 2021: Revenue of $252K, expenses of $140K, and assets of $505K (revenue -2.3% year-over-year).
- 2020: Revenue of $258K, expenses of $137K, and assets of $393K (revenue +123.1% year-over-year).
- 2019: Revenue of $116K, expenses of $154K, and assets of $272K (revenue -8.7% year-over-year).
- 2018: Revenue of $127K, expenses of $160K, and assets of $310K (revenue -21.7% year-over-year).
- 2017: Revenue of $162K, expenses of $164K, and assets of $343K (revenue +26.7% year-over-year).
- 2016: Revenue of $128K, expenses of $139K, and assets of $344K (revenue -25.0% year-over-year).
- 2015: Revenue of $170K, expenses of $140K, and assets of $355K (revenue -6.0% year-over-year).
- 2014: Revenue of $181K, expenses of $150K, and assets of $324K (revenue +0.9% year-over-year).
- 2013: Revenue of $180K, expenses of $129K, and assets of $292K (revenue +30.9% year-over-year).
- 2012: Revenue of $137K, expenses of $138K, and assets of $242K (revenue -15.8% year-over-year).
- 2011: Revenue of $163K, expenses of $131K, and assets of $242K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hanover Area Food Shelf Inc:
Data Sources and Methodology
This transparency report for Hanover Area Food Shelf 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.