New Hampshire Institute Of Art
New Hampshire Institute Of Art faces consistent operating deficits and declining assets over recent years.
EIN: 20222154 · Manchester, NH · NTEE: B420 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.2M |
| Total Expenses | $15.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $21.3M |
| Transparency Score | 65/100 |
Is New Hampshire Institute Of Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hampshire Institute Of Art directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hampshire Institute Of Art
New Hampshire Institute Of Art (EIN: 20222154) is a nonprofit organization based in Manchester, NH, classified under NTEE code B420. The organization reported total revenue of $18.2M and total assets of $39.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Institute Of Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Institute Of Art is a large nonprofit that has been operating for 87 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.8M |
| Total Expenses | $15.9M |
| Surplus / Deficit | $-3,103,308 |
| Total Assets | $39.0M |
| Total Liabilities | $17.7M |
| Net Assets | $21.3M |
| Operating Margin | -24.3% |
| Debt-to-Asset Ratio | 45.4% |
| Months of Reserves | 29.4 months |
Financial Health Grade: B
In 2018, New Hampshire Institute Of Art reported a deficit of $3.1M with expenses exceeding revenue, holds 29.4 months of operating reserves (strong position), has a debt-to-asset ratio of 45.4% (moderate leverage).
Financial Trends
Over 8 years of filings (2011–2018), New Hampshire Institute Of Art's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -2.4% | -3.6% | -5.4% |
| 2017 | -2.7% | -3.2% | -5.6% |
| 2016 | -5.1% | +1.4% | -10.9% |
| 2015 | -2.3% | +8.0% | -5.6% |
| 2014 | -6.9% | +2.3% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1939 |
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 Institute Of Art with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New Hampshire Institute Of Art allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.4%.
Executive Compensation Analysis
The provided data consistently shows 0% for officer compensation across all filings, which is unusual for an organization of this size with assets nearing $40 million. This could indicate that executive compensation is not reported under 'officer compensation' or that the organization relies heavily on unpaid leadership, which would be a significant strength in terms of cost efficiency.
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 Institute Of Art's IRS 990 filings:
- Consistent operating deficits in most reported periods (e.g., 2018: $12.7M revenue vs. $15.8M expenses).
- Significant decline in total assets over time (from $51.9M in 2013 to $38.9M in 2018).
- Unusually low or zero reported officer compensation for an organization of this size, potentially indicating a lack of transparency or unique compensation structure.
Strengths
The following positive indicators were identified for New Hampshire Institute Of Art:
- Relatively stable liabilities despite asset decline, suggesting controlled debt.
- Long operating history with 8 filings, indicating established presence.
Frequently Asked Questions about New Hampshire Institute Of Art
Is New Hampshire Institute Of Art a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Institute Of Art (EIN: 20222154) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does New Hampshire Institute Of Art spend its money?
New Hampshire Institute Of Art directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Hampshire Institute Of Art tax-deductible?
New Hampshire Institute Of Art is registered as a tax-exempt nonprofit (EIN: 20222154). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Hampshire Institute Of Art CEO make?
New Hampshire Institute Of Art's highest-compensated officer earns $40 annually. The organization reported $18.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Hampshire Institute Of Art's spending goes to programs?
New Hampshire Institute Of Art directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Hampshire Institute Of Art compare to similar nonprofits?
With a transparency score of 65/100 (Good), New Hampshire Institute Of Art is above average for NTEE category B420 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hampshire Institute Of Art located?
New Hampshire Institute Of Art is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20222154. It is classified under NTEE code B420.
How many years of IRS 990 filings does New Hampshire Institute Of Art have?
New Hampshire Institute Of Art has 8 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 $18.2M in total revenue.
Why has the organization experienced consistent operating deficits?
From 2011 to 2018, the organization frequently reported expenses exceeding revenue, such as in 2018 where expenses were $15,881,896 against revenue of $12,778,588. This trend suggests a need to review revenue generation strategies or cost management.
What is the reason for the significant decline in assets?
Assets have decreased from a high of $51,959,058 in 2013 to $38,972,020 in 2018, a reduction of over $13 million. This decline could be due to asset sales, depreciation, or using reserves to cover operating deficits.
How is executive compensation structured, given the 0% reported?
The consistent reporting of 0% for officer compensation across all filings is atypical for an organization of this scale. Further investigation would be needed to understand how leadership is compensated or if this reflects a specific reporting method.
Is the latest reported revenue of $18,242,790 sustainable given historical expenses?
While the latest revenue figure is higher than historical revenues, without corresponding expense data for the same period, it's difficult to assess if this represents a return to financial stability or if expenses have also increased proportionally.
Filing History
IRS 990 filing history for New Hampshire Institute Of Art showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), New Hampshire Institute Of Art's revenue has grown by 4.2%, moving from $12.3M to $12.8M. Total assets decreased by 21.9% over the same period, from $49.9M to $39.0M. Total functional expenses rose by 28.6%, from $12.4M to $15.9M. In its most recent filing year (2018), New Hampshire Institute Of Art reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $17.7M in liabilities against $39.0M in assets (debt-to-asset ratio: 45.4%), resulting in net assets of $21.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $12.8M | $15.9M | $39.0M | $17.7M | — | View 990 |
| 2017 | $13.1M | $16.5M | $41.2M | $18.0M | — | View 990 |
| 2016 | $13.5M | $17.0M | $43.6M | $18.9M | — | View 990 |
| 2015 | $14.2M | $16.8M | $49.0M | $19.1M | — | View 990 |
| 2014 | $14.5M | $15.6M | $51.9M | $18.8M | — | View 990 |
| 2013 | $15.6M | $15.2M | $52.0M | $20.2M | — | View 990 |
| 2012 | $13.1M | $12.8M | $50.5M | $20.3M | — | View 990 |
| 2011 | $12.3M | $12.4M | $49.9M | $18.6M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $12.8M, expenses of $15.9M, and assets of $39.0M (revenue -2.4% year-over-year).
- 2017: Revenue of $13.1M, expenses of $16.5M, and assets of $41.2M (revenue -2.7% year-over-year).
- 2016: Revenue of $13.5M, expenses of $17.0M, and assets of $43.6M (revenue -5.1% year-over-year).
- 2015: Revenue of $14.2M, expenses of $16.8M, and assets of $49.0M (revenue -2.3% year-over-year).
- 2014: Revenue of $14.5M, expenses of $15.6M, and assets of $51.9M (revenue -6.9% year-over-year).
- 2013: Revenue of $15.6M, expenses of $15.2M, and assets of $52.0M (revenue +18.6% year-over-year).
- 2012: Revenue of $13.1M, expenses of $12.8M, and assets of $50.5M (revenue +7.2% year-over-year).
- 2011: Revenue of $12.3M, expenses of $12.4M, and assets of $49.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Institute Of Art:
Data Sources and Methodology
This transparency report for New Hampshire Institute Of Art 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.