Quick charity verification for Habe Foundation (EIN: 201366114)
Verdict: Habe Foundation shows mixed signals
65/100Mission Score
$128.3MRevenue
$81.8MAssets
4Red Flags
3Strengths
Red Flags
Extreme volatility and discrepancy in reported revenue figures, with the 'Latest Revenue' being orders of magnitude higher than historical 990 filings.
Consistent reporting of $1 in liabilities across all historical filings, which is highly unusual and may obscure financial realities.
No reported officer compensation in any historical filing, which could indicate a lack of transparency regarding leadership costs or a fully volunteer-led structure for an organization with growing assets.
Historical periods of deficit spending where expenses exceeded revenue (e.g., 202212, 202012, 201912, 201512, 201412, 201312, 201212).
Strengths
Significant growth in assets, from $8,178,481 in 201112 to $15,671,482 in 202312, indicating financial stability and accumulation of resources.
Positive financial performance in the latest historical filing (202312), with revenue ($1,981,234) significantly exceeding expenses ($914,993).
Low reported liabilities, consistently at $1, suggesting minimal debt burden.
Spending Breakdown
How Habe Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Habe Foundation
Is Habe Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Habe Foundation (EIN: 201366114) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
Is Habe Foundation a good charity to donate to?
Habe Foundation has a Mission Score of 65/100. Revenue: $128.3M. Assets: $81.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Habe Foundation?
The Employer Identification Number (EIN) for Habe Foundation is 201366114. 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 Habe Foundation spend its money?
Habe Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Habe Foundation's tax-exempt status?
You can verify Habe Foundation's tax-exempt status using EIN 201366114 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 Habe Foundation exhibits a highly volatile revenue stream, with the latest reported revenue of $128,262,783 significantly diverging from its historical filings, which show revenues typically in the hundreds of thousands to a few million dollars. This discrepancy suggests a potential data entry error in the 'Latest Revenue' provided or a recent, massive influx of funding not reflected in the provided historical 990 data. Historically, the organization has often spent more than it brought in, as seen in 202212 where expenses were $872,972 against revenues of $799,762, and in 202012 with expenses of $515,510 against revenues of $208,537. However, the 202312 filing shows a positive margin with revenues of $1,981,234 exceeding expenses of $914,993. The consistent reporting of $1 in liabilities across all historical filings is unusual and could indicate a simplified reporting approach or a very strong financial position with minimal debt. The absence of reported officer compensation in all historical filings suggests either a volunteer-led organization or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs.