New Hampshire Optometric Association
New Hampshire Optometric Association shows consistent asset growth and operates with a surplus, reporting no officer compensation.
EIN: 20328046 · Concord, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $261K |
| Total Expenses | $183K |
| Program Spending | 70% |
| Net Assets | $689K |
| Transparency Score | 85/100 |
Is New Hampshire Optometric Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hampshire Optometric Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Hampshire Optometric Association
New Hampshire Optometric Association (EIN: 20328046) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $261K and total assets of $787K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Optometric Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Optometric Association is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $183K |
| Surplus / Deficit | +$27K |
| Total Assets | $689K |
| Total Liabilities | $90 |
| Net Assets | $689K |
| Operating Margin | 12.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 45.1 months |
Financial Health Grade: A
In 2023, New Hampshire Optometric Association reported a surplus of $27K with revenue exceeding expenses, holds 45.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Hampshire Optometric Association's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.2% | +33.7% | +20.4% |
| 2022 | +1.0% | -9.0% | -6.5% |
| 2021 | +12.5% | +58.3% | +22.6% |
| 2020 | -12.2% | -14.9% | +16.2% |
| 2019 | +34.5% | +9.0% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
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 Optometric Association 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, New Hampshire Optometric Association 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 surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The New Hampshire Optometric Association consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation levels that do not meet IRS reporting thresholds, which is a positive indicator for minimizing overhead costs.
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.
Strengths
The following positive indicators were identified for New Hampshire Optometric Association:
- Consistent asset growth, from $287,076 in 2015 to $689,170 in 2023, indicating strong financial management.
- Consistent operational surplus, with revenues generally exceeding expenses (e.g., $210,254 revenue vs. $183,260 expenses in 2023).
- Zero reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
- Strong financial stability with a healthy asset-to-revenue ratio.
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Frequently Asked Questions about New Hampshire Optometric Association
Is New Hampshire Optometric Association a legitimate charity?
New Hampshire Optometric Association (EIN: 20328046) 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: $261K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does New Hampshire Optometric Association spend its money?
New Hampshire Optometric Association directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New Hampshire Optometric Association tax-deductible?
New Hampshire Optometric Association is registered as a tax-exempt nonprofit (EIN: 20328046). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hampshire Optometric Association's spending goes to programs?
New Hampshire Optometric Association directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New Hampshire Optometric Association located?
New Hampshire Optometric Association is headquartered in Concord, New Hampshire and files with the IRS under EIN 20328046.
How many years of IRS 990 filings does New Hampshire Optometric Association have?
New Hampshire Optometric Association 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 $261K in total revenue.
Is the New Hampshire Optometric Association financially stable?
Yes, the organization appears very financially stable. Its assets have consistently grown from $287,076 in 2015 to $689,170 in 2023, and it consistently operates with a revenue surplus, indicating strong financial health.
Does the organization pay its officers?
Based on the provided IRS 990 data, the organization consistently reports 0% officer compensation, suggesting that executive leadership is either volunteer-based or compensated below IRS reporting thresholds.
How has the organization's revenue changed over time?
The organization's revenue has shown a positive growth trend, increasing from $74,897 in 2015 to $210,254 in 2023, demonstrating a significant increase in financial activity and support.
What is the organization's asset-to-revenue ratio?
In 2023, with assets of $689,170 and revenue of $210,254, the asset-to-revenue ratio is approximately 3.28:1, indicating a strong reserve base relative to annual operations.
Filing History
IRS 990 filing history for New Hampshire Optometric Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hampshire Optometric Association's revenue has grown by 169.8%, moving from $78K to $210K. Total assets increased by 221.4% over the same period, from $214K to $689K. Total functional expenses rose by 115.9%, from $85K to $183K. In its most recent filing year (2023), New Hampshire Optometric Association reported a surplus of $27K, with revenue exceeding expenses. The organization holds $90 in liabilities against $689K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $689K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $183K | $689K | $90 | — | View 990 |
| 2022 | $187K | $137K | $572K | $10 | — | — |
| 2021 | $186K | $151K | $612K | $11 | — | View 990 |
| 2020 | $165K | $95K | $500K | $0 | — | View 990 |
| 2019 | $188K | $112K | $430K | $0 | — | View 990 |
| 2018 | $140K | $103K | $354K | $0 | — | View 990 |
| 2017 | $158K | $97K | $352K | $0 | — | View 990 |
| 2016 | $124K | $85K | $343K | $0 | — | — |
| 2015 | $75K | $108K | $287K | $0 | — | View 990 |
| 2014 | $115K | $90K | $320K | $0 | — | View 990 |
| 2013 | $172K | $101K | $305K | $0 | — | View 990 |
| 2012 | $99K | $89K | $234K | $0 | — | View 990 |
| 2011 | $78K | $85K | $214K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $183K, and assets of $689K (revenue +12.2% year-over-year).
- 2022: Revenue of $187K, expenses of $137K, and assets of $572K (revenue +1.0% year-over-year).
- 2021: Revenue of $186K, expenses of $151K, and assets of $612K (revenue +12.5% year-over-year).
- 2020: Revenue of $165K, expenses of $95K, and assets of $500K (revenue -12.2% year-over-year).
- 2019: Revenue of $188K, expenses of $112K, and assets of $430K (revenue +34.5% year-over-year).
- 2018: Revenue of $140K, expenses of $103K, and assets of $354K (revenue -11.3% year-over-year).
- 2017: Revenue of $158K, expenses of $97K, and assets of $352K (revenue +27.0% year-over-year).
- 2016: Revenue of $124K, expenses of $85K, and assets of $343K (revenue +65.7% year-over-year).
- 2015: Revenue of $75K, expenses of $108K, and assets of $287K (revenue -35.0% year-over-year).
- 2014: Revenue of $115K, expenses of $90K, and assets of $320K (revenue -33.1% year-over-year).
- 2013: Revenue of $172K, expenses of $101K, and assets of $305K (revenue +74.0% year-over-year).
- 2012: Revenue of $99K, expenses of $89K, and assets of $234K (revenue +26.9% year-over-year).
- 2011: Revenue of $78K, expenses of $85K, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Optometric Association:
Data Sources and Methodology
This transparency report for New Hampshire Optometric Association 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.