New Hampshire Music Festival Inc

Is New Hampshire Music Festival Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

New Hampshire Music Festival Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About New Hampshire Music Festival Inc

New Hampshire Music Festival Inc (EIN: 20245614) is a nonprofit organization based in Plymouth, NH, classified under NTEE code A680. The organization reported total revenue of $460K and total assets of $243K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Music Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Hampshire Music Festival 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: 10%
• programs: 80%
• fundraising: 10%

According to IRS 990 filings, New Hampshire Music Festival Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is a strong positive for a nonprofit of its size, suggesting a high dedication to its mission and efficient use of funds.

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 Music Festival Inc's IRS 990 filings:

• Significant year-over-year fluctuations in net income, including a deficit of $149,550 in 2022 (Revenue $456,116 vs. Expenses $605,666).
• Increase in liabilities from $21,600 in 2020 to $161,203 in 2023, which warrants further investigation.

Strengths

The following positive indicators were identified for New Hampshire Music Festival Inc:

• Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
• Positive asset growth over the past decade, from $42,144 in 2017 to $248,458 in 2023.
• Generally stable revenue streams, with a healthy surplus in 2023 ($519,984 revenue vs. $328,267 expenses).

Frequently Asked Questions about New Hampshire Music Festival Inc

Filing History

IRS 990 filing history for New Hampshire Music Festival Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New Hampshire Music Festival Inc's revenue has grown by 11.2%, moving from $468K to $520K. Total assets decreased by 86.4% over the same period, from $1.8M to $248K. Total functional expenses fell by 63.4%, from $897K to $328K. In its most recent filing year (2023), New Hampshire Music Festival Inc reported a surplus of $192K, with revenue exceeding expenses. The organization holds $161K in liabilities against $248K in assets (debt-to-asset ratio: 64.9%), resulting in net assets of $87K.

Year-by-Year Financial Summary

• 2023: Revenue of $520K, expenses of $328K, and assets of $248K (revenue +14.0% year-over-year).
• 2022: Revenue of $456K, expenses of $606K, and assets of $285K (revenue -9.7% year-over-year).
• 2021: Revenue of $505K, expenses of $428K, and assets of $321K (revenue +21.9% year-over-year).
• 2020: Revenue of $415K, expenses of $371K, and assets of $244K (revenue -41.4% year-over-year).
• 2019: Revenue of $708K, expenses of $690K, and assets of $188K (revenue -12.5% year-over-year).
• 2018: Revenue of $809K, expenses of $792K, and assets of $108K (revenue +11.7% year-over-year).
• 2017: Revenue of $725K, expenses of $726K, and assets of $42K (revenue +17.7% year-over-year).
• 2016: Revenue of $616K, expenses of $616K, and assets of $36K (revenue +8.0% year-over-year).
• 2015: Revenue of $570K, expenses of $587K, and assets of $56K (revenue -20.4% year-over-year).
• 2014: Revenue of $716K, expenses of $705K, and assets of $145K (revenue +13.3% year-over-year).
• 2013: Revenue of $632K, expenses of $594K, and assets of $291K (revenue -20.7% year-over-year).
• 2012: Revenue of $796K, expenses of $921K, and assets of $273K (revenue +70.3% year-over-year).
• 2011: Revenue of $468K, expenses of $897K, and assets of $1.8M.

Data Sources and Methodology

This transparency report for New Hampshire Music Festival 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.