Miss Derry Scholarship Program Inc
Miss Derry Scholarship Program faces significant financial deficits and declining assets.
EIN: 20481915 · Derry, NH · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $20K |
| Program Spending | 70% |
| Net Assets | $27K |
| Transparency Score | 45/100 |
Is Miss Derry Scholarship Program Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Miss Derry Scholarship Program Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Miss Derry Scholarship Program Inc
Miss Derry Scholarship Program Inc (EIN: 20481915) is a nonprofit organization based in Derry, NH, classified under NTEE code B82. The organization reported total revenue of $8K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miss Derry Scholarship Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Miss Derry Scholarship Program Inc is a micro nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $20K |
| Surplus / Deficit | $-14,789 |
| Total Assets | $29K |
| Total Liabilities | $2K |
| Net Assets | $27K |
| Operating Margin | -267.1% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 17.1 months |
Financial Health Grade: B
In 2023, Miss Derry Scholarship Program Inc reported a deficit of $15K with expenses exceeding revenue, holds 17.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Miss Derry Scholarship Program Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +83.6% | -34.7% | -34.4% |
| 2021 | -102.3% | +140.2% | -9.1% |
| 2020 | +120.2% | -75.0% | +55.6% |
| 2019 | +100.5% | +14.8% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
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 Miss Derry Scholarship Program Inc with a Mission Score of 45 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, Miss Derry Scholarship Program Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives, which is highly commendable for a small nonprofit.
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 Miss Derry Scholarship Program Inc's IRS 990 filings:
- Consistent and significant operating deficits (e.g., 2023 expenses $20,325 vs. revenue $5,536)
- Rapid decline in total assets from $89,406 in 2020 to $29,020 in 2023
- Expenses frequently exceeding revenue by a large margin (e.g., 2022 expenses over 10x revenue)
- Negative revenue reported in 2021 (-$788), indicating potential financial adjustments or returns.
Strengths
The following positive indicators were identified for Miss Derry Scholarship Program Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Consistent IRS 990 filing history, demonstrating transparency in reporting.
- Clear mission focus on providing scholarships.
Frequently Asked Questions about Miss Derry Scholarship Program Inc
Is Miss Derry Scholarship Program Inc a legitimate charity?
Miss Derry Scholarship Program Inc (EIN: 20481915) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 45/100. It has 11 years of IRS 990 filings on record. Total revenue: $8K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Miss Derry Scholarship Program Inc spend its money?
Miss Derry Scholarship Program Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Miss Derry Scholarship Program Inc tax-deductible?
Miss Derry Scholarship Program Inc is registered as a tax-exempt nonprofit (EIN: 20481915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Miss Derry Scholarship Program Inc's spending goes to programs?
Miss Derry Scholarship Program Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Miss Derry Scholarship Program Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Miss Derry Scholarship Program Inc is near average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Miss Derry Scholarship Program Inc located?
Miss Derry Scholarship Program Inc is headquartered in Derry, New Hampshire and files with the IRS under EIN 20481915. It is classified under NTEE code B82.
How many years of IRS 990 filings does Miss Derry Scholarship Program Inc have?
Miss Derry Scholarship Program Inc has 11 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 $8K in total revenue.
Is Miss Derry Scholarship Program Inc. financially sustainable?
Based on recent filings, the organization is not financially sustainable, with expenses significantly exceeding revenue in 2023 ($20,325 expenses vs. $5,536 revenue) and 2022 ($31,111 expenses vs. $3,015 revenue), leading to a rapid decline in assets.
What caused the significant drop in assets from 2020 to 2023?
Assets decreased from $89,406 in 2020 to $29,020 in 2023, primarily due to consistent operating deficits where expenses far outstripped revenue, requiring the organization to draw down its reserves.
How does the organization fund its operations given the revenue shortfalls?
The organization appears to be funding its operations by utilizing its accumulated assets from prior years, as evidenced by the significant decline in assets while expenses continue to be high relative to current revenue.
What is the primary use of the organization's funds?
As a scholarship program, the primary use of funds should be for scholarships. However, without a detailed expense breakdown, it's difficult to confirm the exact proportion, especially given the large overall expenses relative to revenue.
Filing History
IRS 990 filing history for Miss Derry Scholarship Program Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Miss Derry Scholarship Program Inc's revenue has declined by 71%, moving from $19K to $6K. Total assets decreased by 13.1% over the same period, from $33K to $29K. Total functional expenses fell by 17.6%, from $25K to $20K. In its most recent filing year (2023), Miss Derry Scholarship Program Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $2K in liabilities against $29K in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $27K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $20K | $29K | $2K | — | — |
| 2022 | $3K | $31K | $44K | $5K | — | View 990 |
| 2021 | $-788 | $6K | $81K | $15K | — | View 990 |
| 2020 | $34K | $2K | $89K | $17K | — | — |
| 2019 | $16K | $10K | $57K | $17K | — | View 990 |
| 2018 | $8K | $8K | $50K | $15K | — | View 990 |
| 2017 | $16K | $13K | $46K | $10K | — | View 990 |
| 2016 | $9K | $9K | $49K | $17K | — | View 990 |
| 2015 | $27K | $25K | $48K | $15K | — | View 990 |
| 2014 | $23K | $14K | $54K | $23K | — | View 990 |
| 2013 | $19K | $25K | $33K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $20K, and assets of $29K (revenue +83.6% year-over-year).
- 2022: Revenue of $3K, expenses of $31K, and assets of $44K.
- 2021: Revenue of $-788, expenses of $6K, and assets of $81K (revenue -102.3% year-over-year).
- 2020: Revenue of $34K, expenses of $2K, and assets of $89K (revenue +120.2% year-over-year).
- 2019: Revenue of $16K, expenses of $10K, and assets of $57K (revenue +100.5% year-over-year).
- 2018: Revenue of $8K, expenses of $8K, and assets of $50K (revenue -50.3% year-over-year).
- 2017: Revenue of $16K, expenses of $13K, and assets of $46K (revenue +78.0% year-over-year).
- 2016: Revenue of $9K, expenses of $9K, and assets of $49K (revenue -67.3% year-over-year).
- 2015: Revenue of $27K, expenses of $25K, and assets of $48K (revenue +15.9% year-over-year).
- 2014: Revenue of $23K, expenses of $14K, and assets of $54K (revenue +21.4% year-over-year).
- 2013: Revenue of $19K, expenses of $25K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Miss Derry Scholarship Program Inc:
Data Sources and Methodology
This transparency report for Miss Derry Scholarship Program 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.