Robert S Hicks Scholarships Inc
Robert S Hicks Scholarships Inc consistently grows assets with low expenses and no officer compensation.
EIN: 20493361 · Concord, NH · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $2K |
| Program Spending | 90% |
| Net Assets | $195K |
| Transparency Score | 95/100 |
Is Robert S Hicks Scholarships Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Robert S Hicks Scholarships Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Robert S Hicks Scholarships Inc
Robert S Hicks Scholarships Inc (EIN: 20493361) is a nonprofit organization based in Concord, NH, classified under NTEE code B82. The organization reported total revenue of $23K and total assets of $187K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robert S Hicks Scholarships Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Robert S Hicks Scholarships Inc is a micro nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $2K |
| Surplus / Deficit | +$4K |
| Total Assets | $195K |
| Net Assets | $195K |
| Operating Margin | 70.1% |
| Months of Reserves | 1545.3 months |
Financial Health Grade: A
In 2023, Robert S Hicks Scholarships Inc reported a surplus of $4K with revenue exceeding expenses, holds 1545.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Robert S Hicks Scholarships Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.3% | -51.7% | +1.9% |
| 2022 | +49.8% | -7.0% | +3.3% |
| 2021 | +602.4% | +117.8% | +1.5% |
| 2020 | -87.9% | +3.3% | -0.4% |
| 2019 | -20.0% | -73.4% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Robert S Hicks Scholarships 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, Robert S Hicks Scholarships 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 $4K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure. This significantly reduces administrative costs and ensures funds are directed towards the mission.
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 Robert S Hicks Scholarships Inc:
- Consistent asset growth (from $168,384 in 2014 to $195,220 in 2023)
- Zero reported liabilities across all filings
- No officer compensation reported, indicating a volunteer-driven model and high efficiency
- Expenses consistently low relative to revenue (e.g., $1,516 expenses vs. $5,069 revenue in 2023)
- Strong financial stability and long-term sustainability
Frequently Asked Questions about Robert S Hicks Scholarships Inc
Is Robert S Hicks Scholarships Inc a legitimate charity?
Robert S Hicks Scholarships Inc (EIN: 20493361) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $23K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Robert S Hicks Scholarships Inc spend its money?
Robert S Hicks Scholarships Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Robert S Hicks Scholarships Inc tax-deductible?
Robert S Hicks Scholarships Inc is registered as a tax-exempt nonprofit (EIN: 20493361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Robert S Hicks Scholarships Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Robert S Hicks Scholarships 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 Robert S Hicks Scholarships Inc located?
Robert S Hicks Scholarships Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20493361. It is classified under NTEE code B82.
How many years of IRS 990 filings does Robert S Hicks Scholarships Inc have?
Robert S Hicks Scholarships 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 $23K in total revenue.
Is Robert S Hicks Scholarships Inc a good charity?
Based on its financial data, Robert S Hicks Scholarships Inc appears to be a very good charity. It consistently grows its assets, maintains zero liabilities, and operates with extremely low expenses, likely due to its volunteer-driven model with no officer compensation reported.
How does the organization manage its funds?
The organization manages its funds very conservatively and efficiently. It consistently generates more revenue than expenses, leading to asset growth (from $168,384 in 2014 to $195,220 in 2023) and maintains zero liabilities, indicating strong financial stewardship.
What is the primary use of its revenue?
Given its NTEE code (B82 - Scholarships, Student Financial Aid) and low operating expenses, the primary use of its revenue, beyond minimal administrative costs, is likely direct scholarship awards and building its endowment to sustain future scholarships.
Filing History
IRS 990 filing history for Robert S Hicks Scholarships Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Robert S Hicks Scholarships Inc's revenue has declined by 57.5%, moving from $12K to $5K. Total assets increased by 25.8% over the same period, from $155K to $195K. Total functional expenses fell by 84.3%, from $10K to $2K. In its most recent filing year (2023), Robert S Hicks Scholarships Inc reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $2K | $195K | $0 | — | View 990 |
| 2022 | $9K | $3K | $192K | $0 | — | View 990 |
| 2021 | $6K | $3K | $186K | $0 | — | View 990 |
| 2020 | $880 | $2K | $183K | $0 | — | — |
| 2019 | $7K | $2K | $183K | $0 | — | View 990 |
| 2018 | $9K | $6K | $178K | $0 | — | View 990 |
| 2017 | $7K | $4K | $174K | $0 | — | View 990 |
| 2016 | $5K | $4K | $171K | $0 | — | View 990 |
| 2015 | $4K | $3K | $170K | $0 | — | View 990 |
| 2014 | $8K | $3K | $168K | $0 | — | View 990 |
| 2013 | $6K | $2K | $163K | $0 | — | View 990 |
| 2012 | $8K | $3K | $160K | $0 | — | View 990 |
| 2011 | $12K | $10K | $155K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $2K, and assets of $195K (revenue -45.3% year-over-year).
- 2022: Revenue of $9K, expenses of $3K, and assets of $192K (revenue +49.8% year-over-year).
- 2021: Revenue of $6K, expenses of $3K, and assets of $186K (revenue +602.4% year-over-year).
- 2020: Revenue of $880, expenses of $2K, and assets of $183K (revenue -87.9% year-over-year).
- 2019: Revenue of $7K, expenses of $2K, and assets of $183K (revenue -20.0% year-over-year).
- 2018: Revenue of $9K, expenses of $6K, and assets of $178K (revenue +23.1% year-over-year).
- 2017: Revenue of $7K, expenses of $4K, and assets of $174K (revenue +37.3% year-over-year).
- 2016: Revenue of $5K, expenses of $4K, and assets of $171K (revenue +32.0% year-over-year).
- 2015: Revenue of $4K, expenses of $3K, and assets of $170K (revenue -49.1% year-over-year).
- 2014: Revenue of $8K, expenses of $3K, and assets of $168K (revenue +37.7% year-over-year).
- 2013: Revenue of $6K, expenses of $2K, and assets of $163K (revenue -25.6% year-over-year).
- 2012: Revenue of $8K, expenses of $3K, and assets of $160K (revenue -34.3% year-over-year).
- 2011: Revenue of $12K, expenses of $10K, and assets of $155K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Robert S Hicks Scholarships Inc:
Data Sources and Methodology
This transparency report for Robert S Hicks Scholarships 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.