Quick charity verification for Hagan Foundation (EIN: 203757753)
Verdict: Hagan Foundation has notable concerns
35/100Mission Score
$98KRevenue
$33KAssets
5Red Flags
1Strengths
Red Flags
Severe and consistent deficit spending in recent years (e.g., 2021 expenses $407,888 vs. revenue $1,518).
Highly volatile revenue streams, with significant drops after 2019.
Unusual and consistent reporting of $1 in liabilities across all filings.
Significant decline in assets from $1,519,889 in 2011 to $33,232 currently, indicating asset depletion.
Lack of clear financial sustainability given the current revenue and expense trends.
Strengths
No reported officer compensation, potentially indicating a volunteer-driven model or efficient use of funds for leadership.
Spending Breakdown
How Hagan Foundation allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
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 Hagan Foundation
Is Hagan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hagan Foundation (EIN: 203757753) has notable concerns. Mission Score: 35/100. 5 red flags identified, 1 strength noted.
Is Hagan Foundation a good charity to donate to?
Hagan Foundation has a Mission Score of 35/100. Revenue: $98K. Assets: $33K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hagan Foundation?
The Employer Identification Number (EIN) for Hagan Foundation is 203757753. 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 Hagan Foundation spend its money?
Hagan Foundation allocates 60% to programs, 30% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hagan Foundation's tax-exempt status?
You can verify Hagan Foundation's tax-exempt status using EIN 203757753 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 Hagan Foundation exhibits significant financial instability and a concerning trend of expenses far exceeding revenue in recent years. For example, in 2021, the organization reported revenue of only $1,518 against expenses of $407,888, and in 2020, revenue was $3,897 compared to expenses of $721,443. This consistent deficit spending raises serious questions about the sustainability of its operations and its ability to fund its mission effectively. While the organization reported a substantial revenue of $1,247,936 in 2019, this appears to be an outlier compared to other periods, which show very low revenue figures. The current assets of $33,232 against the latest revenue of $98,232 suggest a very limited financial cushion. The consistent reporting of $1 in liabilities across all filings is unusual and may warrant further investigation into the accuracy of financial reporting, though it could also indicate a specific accounting practice for a foundation type. The lack of reported officer compensation across all filings suggests either a volunteer-led structure or that compensation is not reported in a standard manner, which could be a positive for efficiency but also a potential area for further transparency inquiry if significant work is being done by non-compensated individuals.