New Hampshire Soap Box Derby Inc
New Hampshire Soap Box Derby Inc. maintains stable, volunteer-led operations with no debt and zero officer compensation.
EIN: 20374130 · Dover, NH · NTEE: B01 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $14K |
| Program Spending | 90% |
| Net Assets | $16K |
| Transparency Score | 90/100 |
Is New Hampshire Soap Box Derby 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 Soap Box Derby Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hampshire Soap Box Derby Inc
New Hampshire Soap Box Derby Inc (EIN: 20374130) is a nonprofit organization based in Dover, NH, classified under NTEE code B01. The organization reported total revenue of $61K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Soap Box Derby Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Soap Box Derby Inc is a micro nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $14K |
| Surplus / Deficit | $-708 |
| Total Assets | $16K |
| Net Assets | $16K |
| Operating Margin | -5.2% |
| Months of Reserves | 13.3 months |
Financial Health Grade: B
In 2023, New Hampshire Soap Box Derby Inc reported a deficit of $708 with expenses exceeding revenue, holds 13.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New Hampshire Soap Box Derby Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.4% | -12.5% | -4.3% |
| 2022 | +21.4% | -1.8% | +9.2% |
| 2021 | +294.7% | +1082.9% | -11.8% |
| 2020 | -76.7% | -89.2% | +15.4% |
| 2019 | -19.0% | -25.5% | +23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Soap Box Derby Inc with a Mission Score of 90 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 Soap Box Derby 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 deficit of $708, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is entirely volunteer-led at the executive level, which is highly efficient for a nonprofit of this size.
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 Soap Box Derby Inc:
- Zero officer compensation, indicating a volunteer-led model and high efficiency.
- Consistent reporting of zero liabilities, demonstrating strong financial health and no debt.
- Stable revenue and expense patterns over a decade, showing consistent operational capacity.
- Gradual increase in assets from $9,878 in 2016 to $15,801 in 2023, building reserves.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about New Hampshire Soap Box Derby Inc
Is New Hampshire Soap Box Derby Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Soap Box Derby Inc (EIN: 20374130) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does New Hampshire Soap Box Derby Inc spend its money?
New Hampshire Soap Box Derby Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Hampshire Soap Box Derby Inc tax-deductible?
New Hampshire Soap Box Derby Inc is registered as a tax-exempt nonprofit (EIN: 20374130). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does New Hampshire Soap Box Derby Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New Hampshire Soap Box Derby Inc is above average for NTEE category B01 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hampshire Soap Box Derby Inc located?
New Hampshire Soap Box Derby Inc is headquartered in Dover, New Hampshire and files with the IRS under EIN 20374130. It is classified under NTEE code B01.
How many years of IRS 990 filings does New Hampshire Soap Box Derby Inc have?
New Hampshire Soap Box Derby Inc 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 $61K in total revenue.
Is New Hampshire Soap Box Derby Inc. a good charity?
Based on the provided financial data, New Hampshire Soap Box Derby Inc. appears to be a well-managed and efficient charity. They operate with no officer compensation, maintain zero liabilities, and have a consistent history of financial stability, suggesting a strong commitment to their mission with minimal overhead.
How does the organization manage its finances given its small revenue?
The organization manages its finances effectively by operating on a lean budget, consistently keeping expenses close to revenue, and maintaining zero liabilities. The absence of officer compensation is a key factor in their financial efficiency, allowing more funds to be directed to their programs.
Filing History
IRS 990 filing history for New Hampshire Soap Box Derby Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hampshire Soap Box Derby Inc's revenue has grown by 14.7%, moving from $12K to $14K. Total assets increased by 42.7% over the same period, from $11K to $16K. Total functional expenses fell by 8.3%, from $16K to $14K. In its most recent filing year (2023), New Hampshire Soap Box Derby Inc reported a deficit of $708, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $14K | $16K | $0 | — | View 990 |
| 2022 | $18K | $16K | $17K | $0 | — | View 990 |
| 2021 | $15K | $17K | $15K | $0 | — | — |
| 2020 | $4K | $1K | $17K | $0 | — | View 990 |
| 2019 | $16K | $13K | $15K | $0 | — | View 990 |
| 2018 | $19K | $17K | $12K | $0 | — | View 990 |
| 2017 | $13K | $13K | $10K | $0 | — | View 990 |
| 2016 | $12K | $12K | $10K | $0 | — | View 990 |
| 2015 | $14K | $16K | $10K | $0 | — | View 990 |
| 2014 | $15K | $15K | $12K | $0 | — | View 990 |
| 2013 | $16K | $17K | $12K | $0 | — | View 990 |
| 2012 | $16K | $15K | $13K | $0 | — | View 990 |
| 2011 | $12K | $16K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $14K, and assets of $16K (revenue -23.4% year-over-year).
- 2022: Revenue of $18K, expenses of $16K, and assets of $17K (revenue +21.4% year-over-year).
- 2021: Revenue of $15K, expenses of $17K, and assets of $15K (revenue +294.7% year-over-year).
- 2020: Revenue of $4K, expenses of $1K, and assets of $17K (revenue -76.7% year-over-year).
- 2019: Revenue of $16K, expenses of $13K, and assets of $15K (revenue -19.0% year-over-year).
- 2018: Revenue of $19K, expenses of $17K, and assets of $12K (revenue +53.6% year-over-year).
- 2017: Revenue of $13K, expenses of $13K, and assets of $10K (revenue +7.4% year-over-year).
- 2016: Revenue of $12K, expenses of $12K, and assets of $10K (revenue -15.6% year-over-year).
- 2015: Revenue of $14K, expenses of $16K, and assets of $10K (revenue -3.8% year-over-year).
- 2014: Revenue of $15K, expenses of $15K, and assets of $12K (revenue -11.7% year-over-year).
- 2013: Revenue of $16K, expenses of $17K, and assets of $12K (revenue +1.6% year-over-year).
- 2012: Revenue of $16K, expenses of $15K, and assets of $13K (revenue +37.6% year-over-year).
- 2011: Revenue of $12K, expenses of $16K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Soap Box Derby Inc:
Data Sources and Methodology
This transparency report for New Hampshire Soap Box Derby 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.