Is Dwayne Hawkins Family Foundation Inc…

Quick charity verification for Dwayne Hawkins Family Foundation Inc (EIN: 202788633)

Strengths

Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Significant and consistent asset growth, from $45,769 in 2020 to $11,333,760 in 2023, demonstrating strong financial management.
Very low liabilities across all reported periods, indicating financial stability.
High revenue generation in recent years (e.g., $4,305,107 in 2023), supporting substantial asset accumulation.
Long history of IRS 990 filings (10 filings), suggesting transparency and compliance.

Spending Breakdown

How Dwayne Hawkins Family Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Dwayne Hawkins Family Foundation Inc

Is Dwayne Hawkins Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Dwayne Hawkins Family Foundation Inc (EIN: 202788633) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.

Is Dwayne Hawkins Family Foundation Inc a good charity to donate to?

Dwayne Hawkins Family Foundation Inc has a Mission Score of 95/100. Revenue: $5.5M. Assets: $14.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Dwayne Hawkins Family Foundation Inc?

The Employer Identification Number (EIN) for Dwayne Hawkins Family Foundation Inc is 202788633. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Dwayne Hawkins Family Foundation Inc spend its money?

Dwayne Hawkins Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Dwayne Hawkins Family Foundation Inc's tax-exempt status?

You can verify Dwayne Hawkins Family Foundation Inc's tax-exempt status using EIN 202788633 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Dwayne Hawkins Family Foundation Inc. demonstrates a highly efficient spending model, particularly in recent years. For example, in 2023, with revenues of $4,305,107, expenses were $1,504,093, indicating a significant portion of funds were retained or directed towards program-related activities. The foundation's assets have shown substantial growth, increasing from $45,769 in 2020 to $11,333,760 in 2023, suggesting effective asset management and investment strategies. A notable aspect of its financial health is the consistent reporting of 0% officer compensation across all available filings, which speaks to a strong commitment to directing resources towards its mission rather than administrative overhead.

The organization's spending efficiency is further highlighted by its low expense ratios in relation to revenue, especially in 2022 where expenses were only $335,267 against revenues of $4,100,438. This indicates a lean operational structure. While specific program spending details are not provided in the summary data, the overall low expenses and zero executive compensation suggest a high proportion of funds are likely allocated to programmatic efforts or asset growth for future initiatives. The consistent filing of IRS Form 990s over a decade also points to a commitment to transparency.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to definitively assess the exact allocation. The significant increase in assets and revenue, coupled with minimal liabilities, paints a picture of a financially robust and well-managed foundation. The absence of officer compensation is a strong indicator of a donor-centric or volunteer-led operational model, enhancing its appeal as an efficient charitable entity.

Is Dwayne Hawkins Family Foundation Inc Legit?

Verdict: Dwayne Hawkins Family Foundation Inc appears trustworthy

Red Flags