Hellenic American University Inc
Hellenic American University Inc. shows recent revenue growth and asset accumulation, with no reported officer compensation.
EIN: 202159763 · Nashua, NH · NTEE: B43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $4.9M |
| Program Spending | 85% |
| Net Assets | $-193,535 |
| Transparency Score | 85/100 |
Is Hellenic American University Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hellenic American University Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hellenic American University Inc
Hellenic American University Inc (EIN: 202159763) is a nonprofit organization based in Nashua, NH, classified under NTEE code B43. The organization reported total revenue of $5.2M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hellenic American University Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hellenic American University Inc is a mid-size nonprofit that has been operating for 6 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$26K |
| Total Assets | $2.0M |
| Total Liabilities | $2.2M |
| Net Assets | $-193,535 |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 109.5% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2022, Hellenic American University Inc reported a surplus of $26K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 109.5% (high leverage).
Financial Trends
Over 9 years of filings (2011–2022), Hellenic American University Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +33.3% | +31.3% | +23.7% |
| 2021 | +4.1% | +1.0% | -2.5% |
| 2020 | -2.8% | -4.0% | -5.7% |
| 2019 | +17.5% | +29.3% | +65.4% |
| 2015 | -29.6% | -35.7% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
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 Hellenic American University Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Hellenic American University Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 109.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either uncompensated or compensated through an affiliated entity, which enhances financial efficiency from a direct payroll perspective.
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 Hellenic American University Inc's IRS 990 filings:
- Liabilities sometimes exceeding assets in prior periods (e.g., 2022: $2,233,220 liabilities vs. $2,039,685 assets), indicating potential solvency concerns or reliance on debt financing.
- Consistent 0% officer compensation, while potentially positive, could also obscure compensation structures if executives are compensated through related parties or other means not transparently disclosed as 'officer compensation' on the 990.
Strengths
The following positive indicators were identified for Hellenic American University Inc:
- Strong program spending, with an estimated 85% of expenses directed towards its mission.
- Significant recent asset growth from $2,039,685 in 2022 to $4,184,393 currently.
- Operational efficiency, with expenses closely matching revenue in recent periods (e.g., 2022: $4,958,857 revenue vs. $4,933,006 expenses).
Frequently Asked Questions about Hellenic American University Inc
Is Hellenic American University Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hellenic American University Inc (EIN: 202159763) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Hellenic American University Inc spend its money?
Hellenic American University Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hellenic American University Inc tax-deductible?
Hellenic American University Inc is registered as a tax-exempt nonprofit (EIN: 202159763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hellenic American University Inc's spending goes to programs?
Hellenic American University Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hellenic American University Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hellenic American University Inc is above average for NTEE category B43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hellenic American University Inc located?
Hellenic American University Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 202159763. It is classified under NTEE code B43.
How many years of IRS 990 filings does Hellenic American University Inc have?
Hellenic American University Inc has 9 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 $5.2M in total revenue.
How does Hellenic American University Inc. manage to report 0% officer compensation consistently?
The consistent reporting of 0% officer compensation suggests that executive leadership may be uncompensated, compensated by an affiliated entity, or that their compensation is reported under a different category not specified as 'officer compensation' in the 990 filings. This practice, while potentially efficient, could also indicate a complex organizational structure.
What is the nature of the significant increase in assets from $2,039,685 in 2022 to the current $4,184,393?
The substantial increase in assets could be due to various factors, including successful fundraising, capital investments, revaluation of existing assets, or the acquisition of new property or endowments. Further detail from the organization's financial statements would be needed to pinpoint the exact drivers.
Given the NTEE code B43 (Higher Education Institutions), how does the organization's spending align with typical educational institution benchmarks?
With a significant portion of expenses dedicated to programs (estimated 85%), Hellenic American University Inc. appears to align well with the mission-centric spending expected of an educational institution. This indicates a strong focus on its core educational activities.
Filing History
IRS 990 filing history for Hellenic American University Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Hellenic American University Inc's revenue has grown by 11%, moving from $4.5M to $5.0M. Total assets increased by 113.4% over the same period, from $956K to $2.0M. Total functional expenses rose by 6.9%, from $4.6M to $4.9M. In its most recent filing year (2022), Hellenic American University Inc reported a surplus of $26K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $2.0M in assets (debt-to-asset ratio: 109.5%), resulting in net assets of $-193,535.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $5.0M | $4.9M | $2.0M | $2.2M | — | View 990 |
| 2021 | $3.7M | $3.8M | $1.6M | $1.9M | — | View 990 |
| 2020 | $3.6M | $3.7M | $1.7M | $1.9M | — | View 990 |
| 2019 | $3.7M | $3.9M | $1.8M | $1.8M | — | View 990 |
| 2015 | $3.1M | $3.0M | $1.1M | $912K | — | View 990 |
| 2014 | $4.4M | $4.7M | $1.2M | $1.2M | — | View 990 |
| 2013 | $3.0M | $3.2M | $785K | $529K | — | View 990 |
| 2012 | $3.5M | $3.7M | $713K | $247K | — | View 990 |
| 2011 | $4.5M | $4.6M | $956K | $290K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $5.0M, expenses of $4.9M, and assets of $2.0M (revenue +33.3% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.8M, and assets of $1.6M (revenue +4.1% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.7M, and assets of $1.7M (revenue -2.8% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.9M, and assets of $1.8M (revenue +17.5% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.0M, and assets of $1.1M (revenue -29.6% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.7M, and assets of $1.2M (revenue +50.5% year-over-year).
- 2013: Revenue of $3.0M, expenses of $3.2M, and assets of $785K (revenue -14.5% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.7M, and assets of $713K (revenue -22.6% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.6M, and assets of $956K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hellenic American University Inc:
Data Sources and Methodology
This transparency report for Hellenic American University 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.