Quick charity verification for Hadassah Foundation Inc (EIN: 134022483)
Verdict: Hadassah Foundation Inc appears trustworthy
88/100Mission Score
$3.0MRevenue
$19.3MAssets
2Red Flags
4Strengths
Red Flags
Unexplained 0% officer compensation across all filings, which is atypical for an organization of this size and could indicate a lack of transparency in reporting executive pay.
Significant expense spike in 2022 ($3,972,482) far exceeding revenue ($2,072,836) without clear explanation in the provided data, potentially indicating a large one-time investment or operational deficit.
Strengths
Consistent and strong asset growth, from $11,928,333 in 2015 to $19,335,204 currently, demonstrating effective financial management and endowment building.
Very low liabilities relative to assets, indicating strong financial health and minimal debt burden.
Significant revenue growth in recent years, with 2023 revenue of $2,725,698 being substantially higher than earlier years like $487,223 in 2019.
Efficient spending in most years, with expenses often well below revenue, allowing for asset accumulation and program investment (e.g., 2023 expenses $1,366,210 vs. revenue $2,725,698).
Spending Breakdown
How Hadassah 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 Hadassah Foundation Inc
Is Hadassah Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hadassah Foundation Inc (EIN: 134022483) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
Is Hadassah Foundation Inc a good charity to donate to?
Hadassah Foundation Inc has a Mission Score of 88/100. Revenue: $3.0M. Assets: $19.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hadassah Foundation Inc?
The Employer Identification Number (EIN) for Hadassah Foundation Inc is 134022483. 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 Hadassah Foundation Inc spend its money?
Hadassah Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hadassah Foundation Inc's tax-exempt status?
You can verify Hadassah Foundation Inc's tax-exempt status using EIN 134022483 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 Hadassah Foundation Inc. demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $19,335,204 in its latest filing. Revenue has shown significant fluctuations, with a notable peak of $2,819,008 in 2021 and $2,725,698 in 2023, contrasting with lower figures in earlier years like $487,223 in 2019. The organization's spending efficiency appears strong, particularly in 2023 where expenses were $1,366,210 against revenue of $2,725,698, indicating a substantial portion of funds are retained or directed towards programs. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, as it implies either volunteer leadership or compensation is not reported in this category, which warrants further investigation for clarity on how leadership is compensated. The low liabilities relative to assets in most years also points to sound financial management.