Quick charity verification for Grant Halliburton Foundation Inc (EIN: 205643050)
Verdict: Grant Halliburton Foundation Inc appears trustworthy
88/100Mission Score
$2.4MRevenue
$1.2MAssets
2Red Flags
4Strengths
Red Flags
Significant deficit in 2023 ($514,685), where expenses exceeded revenue.
Unusually low liabilities relative to assets in some years (e.g., $71,218 liabilities vs. $985,397 assets in 2021), which could indicate conservative financial management or limited operational debt.
Strengths
Consistent 0% officer compensation across all reported years, indicating high dedication of funds to mission.
Strong asset growth from $146,327 in 2014 to $1,255,284 in 2023.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
Overall revenue growth trend over the past decade, despite annual fluctuations.
Spending Breakdown
How Grant Halliburton Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Grant Halliburton Foundation Inc
Is Grant Halliburton Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grant Halliburton Foundation Inc (EIN: 205643050) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
Is Grant Halliburton Foundation Inc a good charity to donate to?
Grant Halliburton Foundation Inc has a Mission Score of 88/100. Revenue: $2.4M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grant Halliburton Foundation Inc?
The Employer Identification Number (EIN) for Grant Halliburton Foundation Inc is 205643050. 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 Grant Halliburton Foundation Inc spend its money?
Grant Halliburton Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grant Halliburton Foundation Inc's tax-exempt status?
You can verify Grant Halliburton Foundation Inc's tax-exempt status using EIN 205643050 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 Grant Halliburton Foundation Inc demonstrates a generally stable financial trajectory, with revenue fluctuating but showing overall growth over the past decade, reaching $1,817,313 in 2023. While the organization experienced a deficit in 2023, with expenses exceeding revenue by over $500,000, this follows a surplus in 2022 and 2021, indicating some variability in annual financial performance. The foundation's assets have grown significantly, from $146,327 in 2014 to $1,255,284 in 2023, suggesting a healthy accumulation of resources to support its mission. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards programs rather than executive salaries, enhancing its transparency and public trust.
The organization's spending efficiency appears to be strong, particularly given the absence of reported officer compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health, marked by growing assets and a history of managing expenses relative to revenue, suggests a responsible approach to resource allocation. The foundation's consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to transparency and accountability, allowing stakeholders to track its financial performance over time.