New Hampshire Farm Bureau Federation
New Hampshire Farm Bureau Federation maintains stable assets and reports no officer compensation despite fluctuating revenues.
EIN: 20240282 · Concord, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $880K |
| Total Expenses | $386K |
| Program Spending | 85% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is New Hampshire Farm Bureau Federation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hampshire Farm Bureau Federation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hampshire Farm Bureau Federation
New Hampshire Farm Bureau Federation (EIN: 20240282) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $880K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Farm Bureau Federation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Farm Bureau Federation is a small nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $334K |
| Total Expenses | $386K |
| Surplus / Deficit | $-52,357 |
| Total Assets | $1.4M |
| Total Liabilities | $96K |
| Net Assets | $1.3M |
| Operating Margin | -15.7% |
| Debt-to-Asset Ratio | 6.8% |
| Months of Reserves | 44.2 months |
Financial Health Grade: B
In 2023, New Hampshire Farm Bureau Federation reported a deficit of $52K with expenses exceeding revenue, holds 44.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Hampshire Farm Bureau Federation's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.4% | -7.4% | +0.4% |
| 2022 | +13.4% | +21.2% | -19.0% |
| 2021 | -22.2% | -18.1% | +7.5% |
| 2020 | -10.3% | -2.6% | +2.9% |
| 2019 | -11.1% | -5.0% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
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 New Hampshire Farm Bureau Federation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Hampshire Farm Bureau Federation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer categories, which is highly favorable for resource allocation relative to the organization's size and revenue.
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 New Hampshire Farm Bureau Federation's IRS 990 filings:
- Expenses exceeded revenue in recent years (e.g., 2023: Expenses=$385,919, Revenue=$333,562; 2022: Expenses=$416,901, Revenue=$368,122), which could be unsustainable long-term without drawing down reserves or increasing revenue.
Strengths
The following positive indicators were identified for New Hampshire Farm Bureau Federation:
- Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation efficiency.
- Maintains a robust asset base, with assets consistently over $1.4 million in recent years, providing financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating a commitment to financial transparency.
Frequently Asked Questions about New Hampshire Farm Bureau Federation
Is New Hampshire Farm Bureau Federation a legitimate charity?
New Hampshire Farm Bureau Federation (EIN: 20240282) 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: $880K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does New Hampshire Farm Bureau Federation spend its money?
New Hampshire Farm Bureau Federation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Hampshire Farm Bureau Federation tax-deductible?
New Hampshire Farm Bureau Federation is registered as a tax-exempt nonprofit (EIN: 20240282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hampshire Farm Bureau Federation's spending goes to programs?
New Hampshire Farm Bureau Federation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Hampshire Farm Bureau Federation located?
New Hampshire Farm Bureau Federation is headquartered in Concord, New Hampshire and files with the IRS under EIN 20240282.
How many years of IRS 990 filings does New Hampshire Farm Bureau Federation have?
New Hampshire Farm Bureau Federation 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 $880K in total revenue.
Is the New Hampshire Farm Bureau Federation financially stable?
Yes, the organization appears financially stable, consistently maintaining assets over $1.4 million in recent years, reaching $1,742,251 in the latest period, despite some years where expenses slightly exceeded revenue.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting a highly efficient use of funds by not allocating resources to executive salaries in this category.
Has the organization's revenue been consistent?
Revenue has fluctuated, with a high of $754,913 in 2015 and $879,897 in the latest period, but also periods of lower revenue such as $333,562 in 2023, indicating variability in income generation.
Filing History
IRS 990 filing history for New Hampshire Farm Bureau Federation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hampshire Farm Bureau Federation's revenue has declined by 6.9%, moving from $358K to $334K. Total assets increased by 39.4% over the same period, from $1.0M to $1.4M. Total functional expenses fell by 4.6%, from $405K to $386K. In its most recent filing year (2023), New Hampshire Farm Bureau Federation reported a deficit of $52K, with expenses exceeding revenue. The organization holds $96K in liabilities against $1.4M in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $334K | $386K | $1.4M | $96K | — | — |
| 2022 | $368K | $417K | $1.4M | $81K | — | View 990 |
| 2021 | $325K | $344K | $1.7M | $82K | — | View 990 |
| 2020 | $417K | $420K | $1.6M | $97K | — | — |
| 2019 | $465K | $432K | $1.6M | $94K | — | View 990 |
| 2018 | $523K | $454K | $1.7M | $101K | — | View 990 |
| 2017 | $454K | $441K | $1.6M | $121K | — | View 990 |
| 2016 | $524K | $472K | $1.5M | $126K | — | View 990 |
| 2015 | $755K | $463K | $1.3M | $124K | — | View 990 |
| 2014 | $488K | $451K | $1.2M | $133K | — | View 990 |
| 2013 | $431K | $435K | $1.2M | $142K | — | View 990 |
| 2012 | $343K | $425K | $1.1M | $112K | — | View 990 |
| 2011 | $358K | $405K | $1.0M | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $334K, expenses of $386K, and assets of $1.4M (revenue -9.4% year-over-year).
- 2022: Revenue of $368K, expenses of $417K, and assets of $1.4M (revenue +13.4% year-over-year).
- 2021: Revenue of $325K, expenses of $344K, and assets of $1.7M (revenue -22.2% year-over-year).
- 2020: Revenue of $417K, expenses of $420K, and assets of $1.6M (revenue -10.3% year-over-year).
- 2019: Revenue of $465K, expenses of $432K, and assets of $1.6M (revenue -11.1% year-over-year).
- 2018: Revenue of $523K, expenses of $454K, and assets of $1.7M (revenue +15.3% year-over-year).
- 2017: Revenue of $454K, expenses of $441K, and assets of $1.6M (revenue -13.4% year-over-year).
- 2016: Revenue of $524K, expenses of $472K, and assets of $1.5M (revenue -30.6% year-over-year).
- 2015: Revenue of $755K, expenses of $463K, and assets of $1.3M (revenue +54.7% year-over-year).
- 2014: Revenue of $488K, expenses of $451K, and assets of $1.2M (revenue +13.2% year-over-year).
- 2013: Revenue of $431K, expenses of $435K, and assets of $1.2M (revenue +25.6% year-over-year).
- 2012: Revenue of $343K, expenses of $425K, and assets of $1.1M (revenue -4.3% year-over-year).
- 2011: Revenue of $358K, expenses of $405K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Farm Bureau Federation:
Data Sources and Methodology
This transparency report for New Hampshire Farm Bureau Federation 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.