Ne Propane Foundation Inc
Ne Propane Foundation consistently operates at near break-even with no officer compensation, but maintains high liabilities relative to assets.
EIN: 202404293 · Epsom, NH · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $753K |
| Total Expenses | $1.2M |
| Program Spending | 95% |
| Net Assets | $14K |
| Transparency Score | 85/100 |
Is Ne Propane Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ne Propane Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ne Propane Foundation Inc
Ne Propane Foundation Inc (EIN: 202404293) is a nonprofit organization based in Epsom, NH, classified under NTEE code S41. The organization reported total revenue of $753K and total assets of $594K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ne Propane Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ne Propane Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$373 |
| Total Assets | $1.1M |
| Total Liabilities | $1.0M |
| Net Assets | $14K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 98.7% |
| Months of Reserves | 10.9 months |
Financial Health Grade: B
In 2023, Ne Propane Foundation Inc reported a surplus of $373 with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 98.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ne Propane Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.9% | +66.9% | +30.8% |
| 2022 | +39.5% | +39.5% | +15.9% |
| 2021 | -22.1% | -22.1% | +87.0% |
| 2020 | +13.6% | +13.7% | -1.6% |
| 2019 | -30.9% | -30.9% | -37.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Ne Propane Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Ne Propane Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $373, with revenue exceeding expenses.
- Debt-to-asset ratio: 98.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive indicator, suggesting that all funds are directed towards the organization's mission and operational costs, rather than executive salaries, regardless of the organization's size.
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 Ne Propane Foundation Inc's IRS 990 filings:
- High liabilities relative to assets (e.g., $1,041,119 liabilities vs. $1,055,012 assets in 2023), which could indicate financial risk or reliance on debt.
Strengths
The following positive indicators were identified for Ne Propane Foundation Inc:
- Consistent 0% officer compensation across all reported periods, indicating strong commitment to mission spending.
- Near break-even operations, suggesting efficient use of incoming funds for program delivery.
- Growing asset base over time, from $374,643 in 2014 to over $1 million in 2023.
Frequently Asked Questions about Ne Propane Foundation Inc
Is Ne Propane Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ne Propane Foundation Inc (EIN: 202404293) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Ne Propane Foundation Inc spend its money?
Ne Propane Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ne Propane Foundation Inc tax-deductible?
Ne Propane Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202404293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ne Propane Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ne Propane Foundation Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ne Propane Foundation Inc located?
Ne Propane Foundation Inc is headquartered in Epsom, New Hampshire and files with the IRS under EIN 202404293. It is classified under NTEE code S41.
How many years of IRS 990 filings does Ne Propane Foundation Inc have?
Ne Propane Foundation 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 $753K in total revenue.
Is Ne Propane Foundation Inc a good charity?
Based on the available data, Ne Propane Foundation Inc appears to be a good charity, particularly due to its consistent 0% officer compensation and near break-even operations, indicating efficient use of funds. However, the high liabilities relative to assets warrant further investigation.
How does Ne Propane Foundation Inc manage its expenses?
The organization consistently manages its expenses to closely match its revenues, as seen in 2023 where expenses ($1,162,299) were almost identical to revenues ($1,162,672). This suggests a tight budgetary control and a focus on spending what it earns.
What is the trend in Ne Propane Foundation Inc's assets?
Ne Propane Foundation Inc's assets have generally shown an upward trend, growing from $374,643 in 2014 to $1,055,012 in 2023, indicating some financial growth and capacity building over the decade.
Why are the liabilities so high compared to assets?
In 2023, liabilities were $1,041,119 against assets of $1,055,012. This high ratio suggests that a significant portion of the organization's assets may be financed by debt or other obligations, which could impact long-term financial stability if not managed carefully. Further detail from the full 990 would be needed to understand the nature of these liabilities.
Filing History
IRS 990 filing history for Ne Propane Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ne Propane Foundation Inc's revenue has grown by 144.2%, moving from $476K to $1.2M. Total assets increased by 159% over the same period, from $407K to $1.1M. Total functional expenses rose by 136.9%, from $491K to $1.2M. In its most recent filing year (2023), Ne Propane Foundation Inc reported a surplus of $373, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $1.1M in assets (debt-to-asset ratio: 98.7%), resulting in net assets of $14K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $1.1M | $1.0M | — | — |
| 2022 | $697K | $696K | $806K | $793K | — | View 990 |
| 2021 | $499K | $499K | $696K | $682K | — | View 990 |
| 2020 | $641K | $640K | $372K | $359K | — | View 990 |
| 2019 | $564K | $563K | $378K | $366K | — | — |
| 2018 | $817K | $815K | $602K | $591K | — | View 990 |
| 2017 | $716K | $712K | $297K | $287K | — | View 990 |
| 2016 | $567K | $566K | $561K | $556K | — | View 990 |
| 2015 | $473K | $472K | $451K | $447K | — | View 990 |
| 2014 | $389K | $388K | $375K | $372K | — | View 990 |
| 2013 | $611K | $610K | $136K | $134K | — | View 990 |
| 2012 | $526K | $524K | $486K | $484K | — | View 990 |
| 2011 | $476K | $491K | $407K | $408K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $1.1M (revenue +66.9% year-over-year).
- 2022: Revenue of $697K, expenses of $696K, and assets of $806K (revenue +39.5% year-over-year).
- 2021: Revenue of $499K, expenses of $499K, and assets of $696K (revenue -22.1% year-over-year).
- 2020: Revenue of $641K, expenses of $640K, and assets of $372K (revenue +13.6% year-over-year).
- 2019: Revenue of $564K, expenses of $563K, and assets of $378K (revenue -30.9% year-over-year).
- 2018: Revenue of $817K, expenses of $815K, and assets of $602K (revenue +14.1% year-over-year).
- 2017: Revenue of $716K, expenses of $712K, and assets of $297K (revenue +26.3% year-over-year).
- 2016: Revenue of $567K, expenses of $566K, and assets of $561K (revenue +20.0% year-over-year).
- 2015: Revenue of $473K, expenses of $472K, and assets of $451K (revenue +21.6% year-over-year).
- 2014: Revenue of $389K, expenses of $388K, and assets of $375K (revenue -36.4% year-over-year).
- 2013: Revenue of $611K, expenses of $610K, and assets of $136K (revenue +16.2% year-over-year).
- 2012: Revenue of $526K, expenses of $524K, and assets of $486K (revenue +10.4% year-over-year).
- 2011: Revenue of $476K, expenses of $491K, and assets of $407K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ne Propane Foundation Inc:
Data Sources and Methodology
This transparency report for Ne Propane Foundation 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.