High Hopes Foundation Of New Hampshire Inc
High Hopes Foundation shows asset growth and no executive compensation, but recent liabilities increased.
EIN: 20368598 · Nashua, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $218K |
| Total Expenses | $130K |
| Program Spending | 75% |
| Net Assets | $332K |
| Transparency Score | 85/100 |
Is High Hopes Foundation Of New Hampshire Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
High Hopes Foundation Of New Hampshire Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About High Hopes Foundation Of New Hampshire Inc
High Hopes Foundation Of New Hampshire Inc (EIN: 20368598) is a nonprofit organization based in Nashua, NH. The organization reported total revenue of $218K and total assets of $313K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of High Hopes Foundation Of New Hampshire Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
High Hopes Foundation Of New Hampshire Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $130K |
| Surplus / Deficit | +$43K |
| Total Assets | $332K |
| Total Liabilities | $542 |
| Net Assets | $332K |
| Operating Margin | 24.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 30.6 months |
Financial Health Grade: A
In 2023, High Hopes Foundation Of New Hampshire Inc reported a surplus of $43K with revenue exceeding expenses, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), High Hopes Foundation Of New Hampshire Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.2% | +181.0% | +14.7% |
| 2022 | +237.6% | +4.9% | +164.4% |
| 2021 | +30.9% | -60.2% | +29.2% |
| 2020 | -42.1% | -6.3% | -38.2% |
| 2019 | -5.9% | +49.6% | -15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 High Hopes Foundation Of New Hampshire 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, High Hopes Foundation Of New Hampshire Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for donor trust and resource allocation.
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 High Hopes Foundation Of New Hampshire Inc's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to categorize and compare the organization's mission and activities with peers.
Strengths
The following positive indicators were identified for High Hopes Foundation Of New Hampshire Inc:
- Consistent 0% officer compensation, indicating strong commitment to mission over executive pay.
- Significant asset growth from $109,501 in 2021 to $332,166 in 2023, demonstrating financial stability.
- Positive net income in recent years (e.g., $42,988 in 2023 and $185,344 in 2022), indicating effective financial management.
- Long filing history (13 filings), suggesting sustained operation and compliance.
Frequently Asked Questions about High Hopes Foundation Of New Hampshire Inc
Is High Hopes Foundation Of New Hampshire Inc a legitimate charity?
High Hopes Foundation Of New Hampshire Inc (EIN: 20368598) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $218K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does High Hopes Foundation Of New Hampshire Inc spend its money?
High Hopes Foundation Of New Hampshire Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to High Hopes Foundation Of New Hampshire Inc tax-deductible?
High Hopes Foundation Of New Hampshire Inc is registered as a tax-exempt nonprofit (EIN: 20368598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of High Hopes Foundation Of New Hampshire Inc's spending goes to programs?
High Hopes Foundation Of New Hampshire Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is High Hopes Foundation Of New Hampshire Inc located?
High Hopes Foundation Of New Hampshire Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20368598.
How many years of IRS 990 filings does High Hopes Foundation Of New Hampshire Inc have?
High Hopes Foundation Of New Hampshire 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 $218K in total revenue.
Is High Hopes Foundation Of New Hampshire Inc a good charity?
Based on the available data, High Hopes Foundation appears to be a good charity. It demonstrates strong financial health with growing assets, consistent revenue, and a commendable policy of 0% officer compensation. The significant positive net income in recent years ($42,988 in 2023 and $185,344 in 2022) suggests effective financial management and an ability to build reserves for its mission.
What caused the significant increase in liabilities from $934 in 2022 to $542 in 2023?
The provided data shows liabilities increased from $934 in 2022 to $542 in 2023. This is a decrease, not an increase. The latest available data shows assets at $313,164, which is a slight decrease from the $332,166 reported in the 2023 filing. The liabilities in the 2023 filing were $542. The question seems to contain a typo regarding the liability trend. The actual trend shows a decrease in liabilities from 2022 to 2023, which is a positive sign.
How does the organization manage its expenses given the fluctuations in revenue?
The organization has shown an ability to manage expenses effectively, often keeping them well below revenue, especially in recent years. For example, in 2022, revenue was $231,710 while expenses were only $46,366, leading to a substantial surplus. In 2023, revenue was $173,270 and expenses were $130,282, still resulting in a positive net income. This indicates prudent financial management despite revenue variability.
Filing History
IRS 990 filing history for High Hopes Foundation Of New Hampshire Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), High Hopes Foundation Of New Hampshire Inc's revenue has grown by 268.9%, moving from $47K to $173K. Total assets increased by 136.2% over the same period, from $141K to $332K. Total functional expenses rose by 120.9%, from $59K to $130K. In its most recent filing year (2023), High Hopes Foundation Of New Hampshire Inc reported a surplus of $43K, with revenue exceeding expenses. The organization holds $542 in liabilities against $332K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $332K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $130K | $332K | $542 | — | — |
| 2022 | $232K | $46K | $290K | $934 | — | View 990 |
| 2021 | $69K | $44K | $110K | $9K | — | View 990 |
| 2020 | $52K | $111K | $85K | $9K | — | — |
| 2019 | $90K | $119K | $137K | $3K | — | View 990 |
| 2018 | $96K | $79K | $163K | $22 | — | View 990 |
| 2017 | $90K | $61K | $146K | $0 | — | — |
| 2016 | $71K | $42K | $117K | $234 | — | View 990 |
| 2015 | $50K | $72K | $92K | $4K | — | View 990 |
| 2014 | $51K | $69K | $113K | $2K | — | View 990 |
| 2013 | $52K | $66K | $130K | $0 | — | View 990 |
| 2012 | $60K | $57K | $144K | $0 | — | View 990 |
| 2011 | $47K | $59K | $141K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $130K, and assets of $332K (revenue -25.2% year-over-year).
- 2022: Revenue of $232K, expenses of $46K, and assets of $290K (revenue +237.6% year-over-year).
- 2021: Revenue of $69K, expenses of $44K, and assets of $110K (revenue +30.9% year-over-year).
- 2020: Revenue of $52K, expenses of $111K, and assets of $85K (revenue -42.1% year-over-year).
- 2019: Revenue of $90K, expenses of $119K, and assets of $137K (revenue -5.9% year-over-year).
- 2018: Revenue of $96K, expenses of $79K, and assets of $163K (revenue +6.8% year-over-year).
- 2017: Revenue of $90K, expenses of $61K, and assets of $146K (revenue +27.4% year-over-year).
- 2016: Revenue of $71K, expenses of $42K, and assets of $117K (revenue +40.0% year-over-year).
- 2015: Revenue of $50K, expenses of $72K, and assets of $92K (revenue -0.7% year-over-year).
- 2014: Revenue of $51K, expenses of $69K, and assets of $113K (revenue -1.6% year-over-year).
- 2013: Revenue of $52K, expenses of $66K, and assets of $130K (revenue -14.6% year-over-year).
- 2012: Revenue of $60K, expenses of $57K, and assets of $144K (revenue +28.8% year-over-year).
- 2011: Revenue of $47K, expenses of $59K, and assets of $141K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for High Hopes Foundation Of New Hampshire Inc:
Data Sources and Methodology
This transparency report for High Hopes Foundation Of New Hampshire 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.