Hanover Review Inc
Hanover Review Inc. consistently operates at a deficit, drawing down assets despite no officer compensation.
EIN: 20354062 · Hanover, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60K |
| Total Expenses | $114K |
| Program Spending | 70% |
| Net Assets | $217K |
| Transparency Score | 55/100 |
Is Hanover Review Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hanover Review Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hanover Review Inc
Hanover Review Inc (EIN: 20354062) is a nonprofit organization based in Hanover, NH. The organization reported total revenue of $60K and total assets of $168K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanover Review Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hanover Review Inc is a micro nonprofit that has been operating for 45 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $114K |
| Surplus / Deficit | $-55,197 |
| Total Assets | $217K |
| Net Assets | $217K |
| Operating Margin | -93.1% |
| Months of Reserves | 22.7 months |
Financial Health Grade: B
In 2024, Hanover Review Inc reported a deficit of $55K with expenses exceeding revenue, holds 22.7 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Hanover Review Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -13.2% | +6.3% | -20.3% |
| 2023 | +6.8% | +16.5% | -11.9% |
| 2022 | -11.2% | +9.7% | -8.4% |
| 2021 | +2.1% | +7.5% | -3.5% |
| 2020 | -7.2% | -18.1% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Review Inc with a Mission Score of 55 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 Review Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that officers are not compensated, which is a positive sign for donor confidence and resource allocation relative to the organization's modest size and revenue.
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 Review Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in most recent periods (e.g., $114,466 expenses vs. $59,269 revenue in 202406).
- Declining asset base: Assets have decreased from $377,187 in 201806 to $216,985 in 202406, indicating unsustainable spending.
- Lack of detailed expense breakdown: Without specific program, administrative, and fundraising expense figures, it's difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Hanover Review Inc:
- No officer compensation: Officers consistently report 0% compensation, indicating a volunteer-driven leadership.
- No reported liabilities: The organization has consistently reported $0 in liabilities, suggesting it is not burdened by debt.
Frequently Asked Questions about Hanover Review Inc
Is Hanover Review Inc a legitimate charity?
Hanover Review Inc (EIN: 20354062) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 55/100. It has 14 years of IRS 990 filings on record. Total revenue: $60K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Hanover Review Inc spend its money?
Hanover Review Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Hanover Review Inc tax-deductible?
Hanover Review Inc is registered as a tax-exempt nonprofit (EIN: 20354062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hanover Review Inc's spending goes to programs?
Hanover Review Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Hanover Review Inc located?
Hanover Review Inc is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20354062.
How many years of IRS 990 filings does Hanover Review Inc have?
Hanover Review Inc has 14 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 $60K in total revenue.
Is Hanover Review Inc. a good charity?
Hanover Review Inc. demonstrates a commitment to its mission by not compensating its officers. However, its consistent operating deficits, where expenses ($114,466 in 202406) significantly exceed revenue ($59,269 in 202406), raise concerns about its long-term financial sustainability. A 'good' charity should ideally operate within its means or have a clear plan for addressing deficits.
Why are Hanover Review Inc.'s assets declining?
Hanover Review Inc.'s assets are declining because the organization consistently spends more than it earns. For example, in 202406, expenses were $114,466 while revenue was $59,269, resulting in a deficit that must be covered by drawing down existing assets. This trend is evident from the asset peak of $377,187 in 201806 to $216,985 in 202406.
What is the primary financial challenge for Hanover Review Inc.?
The primary financial challenge for Hanover Review Inc. is its persistent operating deficit. In the 202406 period, the organization spent $114,466 while only generating $59,269 in revenue, indicating a significant shortfall that is eroding its asset base.
Filing History
IRS 990 filing history for Hanover Review Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Hanover Review Inc's revenue has declined by 21.3%, moving from $75K to $59K. Total assets increased by 238.9% over the same period, from $64K to $217K. Total functional expenses rose by 48.2%, from $77K to $114K. In its most recent filing year (2024), Hanover Review Inc reported a deficit of $55K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $59K | $114K | $217K | $0 | — | — |
| 2023 | $68K | $108K | $272K | $0 | — | — |
| 2022 | $64K | $92K | $309K | $0 | — | View 990 |
| 2021 | $72K | $84K | $337K | $0 | — | — |
| 2020 | $71K | $78K | $350K | $0 | — | View 990 |
| 2019 | $76K | $96K | $357K | $0 | — | View 990 |
| 2018 | $324K | $90K | $377K | $0 | — | View 990 |
| 2017 | $65K | $81K | $143K | $0 | — | View 990 |
| 2016 | $141K | $94K | $158K | $0 | — | View 990 |
| 2015 | $75K | $65K | $132K | $0 | — | View 990 |
| 2014 | $125K | $80K | $122K | $0 | — | View 990 |
| 2013 | $45K | $24K | $77K | $0 | — | View 990 |
| 2012 | $86K | $50K | $57K | $0 | — | View 990 |
| 2011 | $75K | $77K | $64K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $59K, expenses of $114K, and assets of $217K (revenue -13.2% year-over-year).
- 2023: Revenue of $68K, expenses of $108K, and assets of $272K (revenue +6.8% year-over-year).
- 2022: Revenue of $64K, expenses of $92K, and assets of $309K (revenue -11.2% year-over-year).
- 2021: Revenue of $72K, expenses of $84K, and assets of $337K (revenue +2.1% year-over-year).
- 2020: Revenue of $71K, expenses of $78K, and assets of $350K (revenue -7.2% year-over-year).
- 2019: Revenue of $76K, expenses of $96K, and assets of $357K (revenue -76.5% year-over-year).
- 2018: Revenue of $324K, expenses of $90K, and assets of $377K (revenue +396.4% year-over-year).
- 2017: Revenue of $65K, expenses of $81K, and assets of $143K (revenue -53.7% year-over-year).
- 2016: Revenue of $141K, expenses of $94K, and assets of $158K (revenue +88.9% year-over-year).
- 2015: Revenue of $75K, expenses of $65K, and assets of $132K (revenue -40.5% year-over-year).
- 2014: Revenue of $125K, expenses of $80K, and assets of $122K (revenue +181.1% year-over-year).
- 2013: Revenue of $45K, expenses of $24K, and assets of $77K (revenue -48.1% year-over-year).
- 2012: Revenue of $86K, expenses of $50K, and assets of $57K (revenue +14.1% year-over-year).
- 2011: Revenue of $75K, expenses of $77K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hanover Review Inc:
Data Sources and Methodology
This transparency report for Hanover Review 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.