Hopkinton State Fair Association
Hopkinton State Fair Association maintains consistent revenue and asset growth with volunteer leadership.
EIN: 20207865 · Contookook, NH · NTEE: N520 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Hopkinton State Fair Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hopkinton State Fair Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hopkinton State Fair Association
Hopkinton State Fair Association (EIN: 20207865) is a nonprofit organization based in Contookook, NH, classified under NTEE code N520. The organization reported total revenue of $1.4M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hopkinton State Fair Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hopkinton State Fair Association is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$25K |
| Total Assets | $1.3M |
| Total Liabilities | $322K |
| Net Assets | $1.0M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 24.1% |
| Months of Reserves | 12.6 months |
Financial Health Grade: A
In 2023, Hopkinton State Fair Association reported a surplus of $25K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 24.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hopkinton State Fair Association's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | +8.5% | -0.4% |
| 2022 | -3.9% | +22.2% | +6.6% |
| 2021 | +5838.5% | +190.8% | +33.1% |
| 2020 | -97.9% | -71.0% | -19.7% |
| 2019 | -7.8% | +3.7% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1995 |
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 Hopkinton State Fair Association 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hopkinton State Fair Association 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 surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization, which is highly efficient and directs more funds to its mission.
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 Hopkinton State Fair Association's IRS 990 filings:
- No specific red flags identified based on the provided financial data.
Strengths
The following positive indicators were identified for Hopkinton State Fair Association:
- Consistent revenue generation exceeding expenses (e.g., 2023: $1,300,633 revenue vs. $1,275,910 expenses).
- Zero officer compensation, indicating a volunteer-driven and highly efficient leadership structure.
- Steady growth in assets over the past decade, from $1,172,940 in 2014 to $1,434,945 currently.
- Demonstrated resilience and financial recovery after the 2020 pandemic impact.
- Long history of consistent IRS 990 filings, indicating good transparency.
Frequently Asked Questions about Hopkinton State Fair Association
Is Hopkinton State Fair Association a legitimate charity?
Hopkinton State Fair Association (EIN: 20207865) 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: $1.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Hopkinton State Fair Association spend its money?
Hopkinton State Fair Association directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Hopkinton State Fair Association tax-deductible?
Hopkinton State Fair Association is registered as a tax-exempt nonprofit (EIN: 20207865). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hopkinton State Fair Association's spending goes to programs?
Hopkinton State Fair Association directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hopkinton State Fair Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hopkinton State Fair Association is above average for NTEE category N520 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hopkinton State Fair Association located?
Hopkinton State Fair Association is headquartered in Contookook, New Hampshire and files with the IRS under EIN 20207865. It is classified under NTEE code N520.
How many years of IRS 990 filings does Hopkinton State Fair Association have?
Hopkinton State Fair Association 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 $1.4M in total revenue.
Is Hopkinton State Fair Association a good charity?
Based on its financial data, the Hopkinton State Fair Association appears to be a well-managed organization. It consistently generates revenue exceeding expenses (e.g., 2023 revenue $1,300,633 vs. expenses $1,275,910), maintains a healthy asset base, and operates with 0% officer compensation, suggesting strong financial health and efficient use of funds.
How did the organization manage during the COVID-19 pandemic?
The organization experienced a significant drop in revenue to $22,632 in 2020, likely due to the pandemic, but quickly recovered, with revenue returning to over $1.3 million by 2021, demonstrating resilience and effective recovery strategies.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend over the past decade, growing from $1,172,940 in 2014 to $1,434,945 in the latest period, indicating strong financial growth and stability.
Filing History
IRS 990 filing history for Hopkinton State Fair Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hopkinton State Fair Association's revenue has grown by 33%, moving from $978K to $1.3M. Total assets decreased by 6.8% over the same period, from $1.4M to $1.3M. Total functional expenses rose by 28.8%, from $991K to $1.3M. In its most recent filing year (2023), Hopkinton State Fair Association reported a surplus of $25K, with revenue exceeding expenses. The organization holds $322K in liabilities against $1.3M in assets (debt-to-asset ratio: 24.1%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $1.3M | $322K | — | — |
| 2022 | $1.3M | $1.2M | $1.3M | $357K | — | View 990 |
| 2021 | $1.3M | $962K | $1.3M | $393K | — | View 990 |
| 2020 | $23K | $331K | $946K | $473K | — | View 990 |
| 2019 | $1.1M | $1.1M | $1.2M | $402K | — | View 990 |
| 2018 | $1.1M | $1.1M | $1.3M | $405K | — | View 990 |
| 2017 | $1.1M | $1.1M | $1.3M | $487K | — | — |
| 2016 | $1.2M | $1.0M | $1.3M | $498K | — | View 990 |
| 2015 | $915K | $967K | $1.1M | $412K | — | View 990 |
| 2014 | $907K | $863K | $1.2M | $452K | — | View 990 |
| 2013 | $845K | $997K | $1.1M | $466K | — | View 990 |
| 2012 | $926K | $1.0M | $1.3M | $512K | — | View 990 |
| 2011 | $978K | $991K | $1.4M | $521K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $1.3M (revenue +0.7% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $1.3M (revenue -3.9% year-over-year).
- 2021: Revenue of $1.3M, expenses of $962K, and assets of $1.3M (revenue +5838.5% year-over-year).
- 2020: Revenue of $23K, expenses of $331K, and assets of $946K (revenue -97.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $1.2M (revenue -7.8% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M (revenue +6.0% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M (revenue -7.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $1.3M (revenue +27.3% year-over-year).
- 2015: Revenue of $915K, expenses of $967K, and assets of $1.1M (revenue +0.9% year-over-year).
- 2014: Revenue of $907K, expenses of $863K, and assets of $1.2M (revenue +7.3% year-over-year).
- 2013: Revenue of $845K, expenses of $997K, and assets of $1.1M (revenue -8.8% year-over-year).
- 2012: Revenue of $926K, expenses of $1.0M, and assets of $1.3M (revenue -5.3% year-over-year).
- 2011: Revenue of $978K, expenses of $991K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hopkinton State Fair Association:
Data Sources and Methodology
This transparency report for Hopkinton State Fair Association 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.