Hanover Joigny Exchange
Hanover Joigny Exchange reported $2,119 in revenue against $9,701 in expenses in its only filing, showing a deficit.
EIN: 20478847 · Hanover, NH · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $10K |
| Program Spending | 70% |
| Net Assets | $2K |
| Transparency Score | 40/100 |
Is Hanover Joigny Exchange Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hanover Joigny Exchange directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hanover Joigny Exchange
Hanover Joigny Exchange (EIN: 20478847) is a nonprofit organization based in Hanover, NH, classified under NTEE code B99. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanover Joigny Exchange's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hanover Joigny Exchange is a micro nonprofit that has been operating for 28 years.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $10K |
| Surplus / Deficit | $-7,582 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -357.8% |
| Months of Reserves | 2.2 months |
Financial Health Grade: C
In 2012, Hanover Joigny Exchange reported a deficit of $8K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Joigny Exchange with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hanover Joigny Exchange allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation was reported in the 2012 filing, indicating a volunteer-led structure for this very small organization.
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 Joigny Exchange's IRS 990 filings:
- Significant deficit in 2012 (expenses $9,701 vs. revenue $2,119)
- No recent financial activity reported ($0 revenue, $0 assets in latest data)
- Only one IRS 990 filing available (2012), indicating a lack of ongoing transparency
Strengths
The following positive indicators were identified for Hanover Joigny Exchange:
- No officer compensation reported in 2012, suggesting volunteer leadership
Frequently Asked Questions about Hanover Joigny Exchange
Is Hanover Joigny Exchange a legitimate charity?
Hanover Joigny Exchange (EIN: 20478847) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 40/100. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does Hanover Joigny Exchange spend its money?
Hanover Joigny Exchange directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Hanover Joigny Exchange tax-deductible?
Hanover Joigny Exchange is registered as a tax-exempt nonprofit (EIN: 20478847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hanover Joigny Exchange's spending goes to programs?
Hanover Joigny Exchange directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Hanover Joigny Exchange compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Hanover Joigny Exchange is near average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hanover Joigny Exchange located?
Hanover Joigny Exchange is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20478847. It is classified under NTEE code B99.
Is Hanover Joigny Exchange still active?
The latest data shows $0 in revenue and assets, and only one filing from 2012, suggesting the organization may no longer be active.
How did Hanover Joigny Exchange cover its $7,582 deficit in 2012?
The 2012 filing shows expenses ($9,701) significantly exceeded revenue ($2,119). Without further detail, it's unclear how this deficit was funded, potentially through prior reserves or unrecorded contributions.
Filing History
IRS 990 filing history for Hanover Joigny Exchange showing financial trends over 1 year of public records:
In its most recent filing year (2012), Hanover Joigny Exchange reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $2K | $10K | $2K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hanover Joigny Exchange:
Data Sources and Methodology
This transparency report for Hanover Joigny Exchange 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.