New Hampshire Optometric Charities Inc
New Hampshire Optometric Charities Inc consistently grows assets with minimal expenses and no officer compensation.
EIN: 204165150 · Portsmouth, NH · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $56K |
| Total Expenses | $13K |
| Program Spending | 90% |
| Net Assets | $580K |
| Transparency Score | 95/100 |
Is New Hampshire Optometric Charities Inc 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 Charities Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hampshire Optometric Charities Inc
New Hampshire Optometric Charities Inc (EIN: 204165150) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code B82. The organization reported total revenue of $56K and total assets of $652K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Optometric Charities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Optometric Charities Inc is a micro nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $13K |
| Surplus / Deficit | +$75K |
| Total Assets | $580K |
| Net Assets | $580K |
| Operating Margin | 85.2% |
| Months of Reserves | 534.3 months |
Financial Health Grade: A
In 2023, New Hampshire Optometric Charities Inc reported a surplus of $75K with revenue exceeding expenses, holds 534.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), New Hampshire Optometric Charities Inc's revenue has grown at a compound annual growth rate (CAGR) of 31.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +212.0% | -59.2% | +87.1% |
| 2022 | -71.5% | +59.5% | -1.2% |
| 2021 | +123.0% | +3714.3% | +20.3% |
| 2020 | +104.2% | -95.6% | +22.1% |
| 2018 | +149.0% | +18.3% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Charities Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, New Hampshire Optometric Charities Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $75K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization where no officers receive salaries, which is highly favorable for donor trust.
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 Charities Inc:
- Consistent asset growth, from $162,972 in 2013 to $579,780 in 2023.
- Zero liabilities reported across all filings, indicating strong financial stability.
- No officer compensation reported, suggesting a volunteer-driven leadership and efficient use of funds.
- Expenses consistently low relative to revenue, demonstrating efficient operations (e.g., $13,021 expenses vs. $87,716 revenue in 2023).
- Strong program focus implied by minimal administrative and fundraising costs.
Frequently Asked Questions about New Hampshire Optometric Charities Inc
Is New Hampshire Optometric Charities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Optometric Charities Inc (EIN: 204165150) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does New Hampshire Optometric Charities Inc spend its money?
New Hampshire Optometric Charities Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Hampshire Optometric Charities Inc tax-deductible?
New Hampshire Optometric Charities Inc is registered as a tax-exempt nonprofit (EIN: 204165150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does New Hampshire Optometric Charities Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), New Hampshire Optometric Charities Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hampshire Optometric Charities Inc located?
New Hampshire Optometric Charities Inc is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 204165150. It is classified under NTEE code B82.
How many years of IRS 990 filings does New Hampshire Optometric Charities Inc have?
New Hampshire Optometric Charities Inc has 12 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 $56K in total revenue.
Is New Hampshire Optometric Charities Inc a good charity?
Based on its financial data, New Hampshire Optometric Charities Inc appears to be a very good charity. It consistently maintains low expenses relative to revenue, has zero liabilities, and reports no officer compensation, all of which are strong indicators of financial health and efficient use of funds.
How has the organization's asset base changed over time?
The organization's assets have shown significant and consistent growth, increasing from $162,972 in 2013 to $579,780 in 2023, demonstrating strong financial stewardship and accumulation of resources.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally trended upwards, with notable peaks, while expenses have remained consistently low, often significantly less than revenue, indicating efficient operations and a surplus for mission activities or asset growth.
Filing History
IRS 990 filing history for New Hampshire Optometric Charities Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), New Hampshire Optometric Charities Inc's revenue has grown by 2503.6%, moving from $3K to $88K. Total assets increased by 251% over the same period, from $165K to $580K. Total functional expenses rose by 1535.8%, from $796 to $13K. In its most recent filing year (2023), New Hampshire Optometric Charities Inc reported a surplus of $75K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88K | $13K | $580K | $0 | — | — |
| 2022 | $28K | $32K | $310K | $0 | — | View 990 |
| 2021 | $99K | $20K | $314K | $0 | — | — |
| 2020 | $44K | $525 | $261K | $0 | — | — |
| 2018 | $22K | $12K | $214K | $0 | — | View 990 |
| 2017 | $9K | $10K | $222K | $0 | — | View 990 |
| 2016 | $67K | $6K | $298K | $0 | — | View 990 |
| 2015 | $66K | $6K | $226K | $0 | — | View 990 |
| 2014 | $6K | $3K | $166K | $0 | — | View 990 |
| 2013 | $3K | $3K | $163K | $0 | — | View 990 |
| 2012 | $2K | $4K | $163K | $0 | — | View 990 |
| 2011 | $3K | $796 | $165K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88K, expenses of $13K, and assets of $580K (revenue +212.0% year-over-year).
- 2022: Revenue of $28K, expenses of $32K, and assets of $310K (revenue -71.5% year-over-year).
- 2021: Revenue of $99K, expenses of $20K, and assets of $314K (revenue +123.0% year-over-year).
- 2020: Revenue of $44K, expenses of $525, and assets of $261K (revenue +104.2% year-over-year).
- 2018: Revenue of $22K, expenses of $12K, and assets of $214K (revenue +149.0% year-over-year).
- 2017: Revenue of $9K, expenses of $10K, and assets of $222K (revenue -87.1% year-over-year).
- 2016: Revenue of $67K, expenses of $6K, and assets of $298K (revenue +1.8% year-over-year).
- 2015: Revenue of $66K, expenses of $6K, and assets of $226K (revenue +935.8% year-over-year).
- 2014: Revenue of $6K, expenses of $3K, and assets of $166K (revenue +97.1% year-over-year).
- 2013: Revenue of $3K, expenses of $3K, and assets of $163K (revenue +60.9% year-over-year).
- 2012: Revenue of $2K, expenses of $4K, and assets of $163K (revenue -40.3% year-over-year).
- 2011: Revenue of $3K, expenses of $796, and assets of $165K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Optometric Charities Inc:
Data Sources and Methodology
This transparency report for New Hampshire Optometric Charities 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.