The Craig P Hutchinson Memorial Scholarship Foundation Inc
Scholarship Foundation Shows Consistent Asset Growth and Minimal Expenses with Zero Officer Compensation.
EIN: 208923828 · Nashua, NH · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $1K |
| Program Spending | 95% |
| Net Assets | $92K |
| Transparency Score | 95/100 |
Is The Craig P Hutchinson Memorial Scholarship Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Craig P Hutchinson Memorial Scholarship Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Craig P Hutchinson Memorial Scholarship Foundation Inc
The Craig P Hutchinson Memorial Scholarship Foundation Inc (EIN: 208923828) is a nonprofit organization based in Nashua, NH, classified under NTEE code B82. The organization reported total revenue of $27K and total assets of $89K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Craig P Hutchinson Memorial Scholarship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Craig P Hutchinson Memorial Scholarship Foundation Inc is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $1K |
| Surplus / Deficit | +$21K |
| Total Assets | $92K |
| Net Assets | $92K |
| Operating Margin | 94.0% |
| Months of Reserves | 807.9 months |
Financial Health Grade: A
In 2023, The Craig P Hutchinson Memorial Scholarship Foundation Inc reported a surplus of $21K with revenue exceeding expenses, holds 807.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Craig P Hutchinson Memorial Scholarship Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | -51.4% | +30.2% |
| 2022 | -3.2% | -50.0% | +43.3% |
| 2021 | +53.6% | -10.9% | +64.3% |
| 2020 | +57.0% | +172.5% | +49.4% |
| 2019 | +173.0% | -63.1% | +66.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 The Craig P Hutchinson Memorial Scholarship Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Craig P Hutchinson Memorial Scholarship Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $21K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis, which is highly commendable for a nonprofit of this size and significantly contributes to its low administrative overhead.
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 The Craig P Hutchinson Memorial Scholarship Foundation Inc:
- Strong asset growth, from $26,479 in 2014 to $92,301 in 2023.
- Extremely low expense ratio, with expenses often less than 10% of revenue (e.g., $1,371 expenses on $22,795 revenue in 2023).
- Zero officer compensation reported across all filings, indicating volunteer leadership and high efficiency.
- Consistent revenue generation and growth over the past decade.
- No reported liabilities, indicating sound financial management and stability.
Frequently Asked Questions about The Craig P Hutchinson Memorial Scholarship Foundation Inc
Is The Craig P Hutchinson Memorial Scholarship Foundation Inc a legitimate charity?
The Craig P Hutchinson Memorial Scholarship Foundation Inc (EIN: 208923828) 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: $27K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Craig P Hutchinson Memorial Scholarship Foundation Inc spend its money?
The Craig P Hutchinson Memorial Scholarship Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Craig P Hutchinson Memorial Scholarship Foundation Inc tax-deductible?
The Craig P Hutchinson Memorial Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208923828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Craig P Hutchinson Memorial Scholarship Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), The Craig P Hutchinson Memorial Scholarship Foundation 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 The Craig P Hutchinson Memorial Scholarship Foundation Inc located?
The Craig P Hutchinson Memorial Scholarship Foundation Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 208923828. It is classified under NTEE code B82.
How many years of IRS 990 filings does The Craig P Hutchinson Memorial Scholarship Foundation Inc have?
The Craig P Hutchinson Memorial Scholarship Foundation 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 $27K in total revenue.
Is The Craig P Hutchinson Memorial Scholarship Foundation Inc a good charity?
Based on the provided data, The Craig P Hutchinson Memorial Scholarship Foundation Inc appears to be a very good charity. It exhibits strong financial health with growing assets ($92,301 in 2023), extremely low expenses relative to revenue (e.g., $1,371 expenses on $22,795 revenue in 2023), and a commitment to transparency with 0% officer compensation and consistent IRS 990 filings.
How does the organization manage its expenses?
The organization manages its expenses exceptionally well, consistently reporting very low expenses compared to its revenue. For example, in 2023, expenses were only $1,371 against $22,795 in revenue, indicating a highly efficient operation with minimal overhead.
What is the trend in the organization's assets?
The organization's assets have shown a strong and consistent upward trend, growing from $26,479 in 2014 to $92,301 in 2023, demonstrating effective financial stewardship and accumulation of resources for its mission.
Filing History
IRS 990 filing history for The Craig P Hutchinson Memorial Scholarship Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Craig P Hutchinson Memorial Scholarship Foundation Inc's revenue has grown by 47.8%, moving from $15K to $23K. Total assets increased by 587.2% over the same period, from $13K to $92K. Total functional expenses fell by 88.3%, from $12K to $1K. In its most recent filing year (2023), The Craig P Hutchinson Memorial Scholarship Foundation Inc reported a surplus of $21K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $1K | $92K | $0 | — | View 990 |
| 2022 | $24K | $3K | $71K | $0 | — | View 990 |
| 2021 | $25K | $6K | $49K | $0 | — | — |
| 2020 | $16K | $6K | $30K | $0 | — | — |
| 2019 | $10K | $2K | $20K | $0 | — | View 990 |
| 2018 | $4K | $6K | $12K | $0 | — | View 990 |
| 2017 | $5K | $7K | $15K | $0 | — | View 990 |
| 2016 | $2K | $13K | $17K | $0 | — | View 990 |
| 2015 | $3K | $1K | $28K | $0 | — | View 990 |
| 2014 | $11K | $11K | $26K | $0 | — | View 990 |
| 2013 | $15K | $2K | $27K | $0 | — | View 990 |
| 2012 | $16K | $15K | $14K | $0 | — | View 990 |
| 2011 | $15K | $12K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $1K, and assets of $92K (revenue -5.9% year-over-year).
- 2022: Revenue of $24K, expenses of $3K, and assets of $71K (revenue -3.2% year-over-year).
- 2021: Revenue of $25K, expenses of $6K, and assets of $49K (revenue +53.6% year-over-year).
- 2020: Revenue of $16K, expenses of $6K, and assets of $30K (revenue +57.0% year-over-year).
- 2019: Revenue of $10K, expenses of $2K, and assets of $20K (revenue +173.0% year-over-year).
- 2018: Revenue of $4K, expenses of $6K, and assets of $12K (revenue -22.3% year-over-year).
- 2017: Revenue of $5K, expenses of $7K, and assets of $15K (revenue +207.5% year-over-year).
- 2016: Revenue of $2K, expenses of $13K, and assets of $17K (revenue -46.1% year-over-year).
- 2015: Revenue of $3K, expenses of $1K, and assets of $28K (revenue -73.3% year-over-year).
- 2014: Revenue of $11K, expenses of $11K, and assets of $26K (revenue -24.0% year-over-year).
- 2013: Revenue of $15K, expenses of $2K, and assets of $27K (revenue -9.5% year-over-year).
- 2012: Revenue of $16K, expenses of $15K, and assets of $14K (revenue +4.3% year-over-year).
- 2011: Revenue of $15K, expenses of $12K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Craig P Hutchinson Memorial Scholarship Foundation Inc:
Data Sources and Methodology
This transparency report for The Craig P Hutchinson Memorial Scholarship Foundation 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.