National Exchange Club
National Exchange Club maintains stable assets despite recent operating deficit and reports no officer compensation.
EIN: 20375900 · Salem, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $181K |
| Total Expenses | $164K |
| Program Spending | 70% |
| Net Assets | $177K |
| Transparency Score | 85/100 |
Is National Exchange Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Exchange Club directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About National Exchange Club
National Exchange Club (EIN: 20375900) is a nonprofit organization based in Salem, NH. The organization reported total revenue of $181K and total assets of $231K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Exchange Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Exchange Club is a small nonprofit that has been operating for 76 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $148K |
| Total Expenses | $164K |
| Surplus / Deficit | $-16,652 |
| Total Assets | $179K |
| Total Liabilities | $2K |
| Net Assets | $177K |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 13.1 months |
Financial Health Grade: B
In 2023, National Exchange Club reported a deficit of $17K with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Exchange Club's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.6% | +17.1% | -9.2% |
| 2022 | +53.8% | +25.8% | +34.5% |
| 2021 | +43.3% | +31.0% | +9.9% |
| 2020 | -35.0% | +29.0% | +0.6% |
| 2019 | +101.7% | +3.6% | +99.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1950 |
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 National Exchange Club 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, National Exchange Club 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 $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are likely uncompensated or compensated through non-officer channels, 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 National Exchange Club's IRS 990 filings:
- Operating deficit in the most recent fiscal period (202306) where expenses ($164,305) exceeded revenue ($147,653).
Strengths
The following positive indicators were identified for National Exchange Club:
- Consistent reporting of 0% officer compensation across all filings, indicating strong volunteer leadership or efficient compensation structures.
- Significant growth in assets over the past decade, from $41,614 in 2014 to $179,062 in 2023, demonstrating financial stability.
- Low liabilities consistently reported, indicating good financial management and minimal debt burden.
Frequently Asked Questions about National Exchange Club
Is National Exchange Club a legitimate charity?
National Exchange Club (EIN: 20375900) 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: $181K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does National Exchange Club spend its money?
National Exchange Club directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to National Exchange Club tax-deductible?
National Exchange Club is registered as a tax-exempt nonprofit (EIN: 20375900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Exchange Club's spending goes to programs?
National Exchange Club directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is National Exchange Club located?
National Exchange Club is headquartered in Salem, New Hampshire and files with the IRS under EIN 20375900.
How many years of IRS 990 filings does National Exchange Club have?
National Exchange Club 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 $181K in total revenue.
What are the specific program activities funded by the National Exchange Club?
The provided data does not detail specific program activities. A review of the full IRS 990 forms would be necessary to understand how expenses are allocated to programs.
Why did the organization experience an operating deficit in the 202306 period?
In the 202306 period, expenses ($164,305) exceeded revenues ($147,653). The specific reasons for this deficit would require a detailed review of the expense categories in the full 990 filing.
How does the National Exchange Club manage its liabilities?
Liabilities have consistently remained very low, ranging from $182 to $2,250 across the filings, indicating sound financial management and minimal debt.
Filing History
IRS 990 filing history for National Exchange Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Exchange Club's revenue has declined by 60.8%, moving from $376K to $148K. Total assets increased by 184.8% over the same period, from $63K to $179K. Total functional expenses fell by 57.4%, from $385K to $164K. In its most recent filing year (2023), National Exchange Club reported a deficit of $17K, with expenses exceeding revenue. The organization holds $2K in liabilities against $179K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $177K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $148K | $164K | $179K | $2K | — | — |
| 2022 | $191K | $140K | $197K | $683 | — | View 990 |
| 2021 | $124K | $112K | $147K | $182 | — | — |
| 2020 | $87K | $85K | $133K | $205 | — | View 990 |
| 2019 | $133K | $66K | $133K | $926 | — | View 990 |
| 2018 | $66K | $64K | $66K | $657 | — | — |
| 2017 | $57K | $62K | $64K | $1K | — | View 990 |
| 2016 | $103K | $82K | $71K | $1K | — | View 990 |
| 2015 | $93K | $88K | $47K | $1K | — | View 990 |
| 2014 | $86K | $90K | $42K | $713 | — | View 990 |
| 2013 | $90K | $95K | $44K | $0 | — | View 990 |
| 2012 | $441K | $456K | $47K | $0 | — | View 990 |
| 2011 | $376K | $385K | $63K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $148K, expenses of $164K, and assets of $179K (revenue -22.6% year-over-year).
- 2022: Revenue of $191K, expenses of $140K, and assets of $197K (revenue +53.8% year-over-year).
- 2021: Revenue of $124K, expenses of $112K, and assets of $147K (revenue +43.3% year-over-year).
- 2020: Revenue of $87K, expenses of $85K, and assets of $133K (revenue -35.0% year-over-year).
- 2019: Revenue of $133K, expenses of $66K, and assets of $133K (revenue +101.7% year-over-year).
- 2018: Revenue of $66K, expenses of $64K, and assets of $66K (revenue +16.4% year-over-year).
- 2017: Revenue of $57K, expenses of $62K, and assets of $64K (revenue -45.1% year-over-year).
- 2016: Revenue of $103K, expenses of $82K, and assets of $71K (revenue +11.0% year-over-year).
- 2015: Revenue of $93K, expenses of $88K, and assets of $47K (revenue +7.9% year-over-year).
- 2014: Revenue of $86K, expenses of $90K, and assets of $42K (revenue -3.7% year-over-year).
- 2013: Revenue of $90K, expenses of $95K, and assets of $44K (revenue -79.7% year-over-year).
- 2012: Revenue of $441K, expenses of $456K, and assets of $47K (revenue +17.1% year-over-year).
- 2011: Revenue of $376K, expenses of $385K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Exchange Club:
Data Sources and Methodology
This transparency report for National Exchange Club 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.