Is Hageman Foundation Of Hope Legit? —…

Strengths

Consistent asset growth, from $1.3 million in 2011 to over $8.2 million currently, indicating strong financial management and sustainability.
Zero reported officer compensation across all 10 filings, demonstrating exceptional efficiency and commitment to directing funds towards the mission.
Minimal liabilities ($1 in recent years), indicating a very strong balance sheet and low financial risk.
Strong revenue generation capacity, with latest revenue at $3,641,271 and a peak of $3,255,391 in 2021.

Spending Breakdown

How Hageman Foundation Of Hope allocates its funds across programs, administration, and fundraising.

85%

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 Hageman Foundation Of Hope

Is Hageman Foundation Of Hope a legitimate charity?

Based on AI analysis of IRS 990 filings, Hageman Foundation Of Hope (EIN: 201700412) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Hageman Foundation Of Hope a good charity to donate to?

Hageman Foundation Of Hope has a Mission Score of 90/100. Revenue: $3.6M. Assets: $8.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hageman Foundation Of Hope?

The Employer Identification Number (EIN) for Hageman Foundation Of Hope is 201700412. 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 Hageman Foundation Of Hope spend its money?

Hageman Foundation Of Hope allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hageman Foundation Of Hope's tax-exempt status?

You can verify Hageman Foundation Of Hope's tax-exempt status using EIN 201700412 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 Hageman Foundation Of Hope demonstrates a generally strong financial position with consistent asset growth over the past decade, reaching $8,208,818. The organization's revenue has fluctuated, with a notable peak of $3,255,391 in 2021 and $3,641,271 in its latest reported period, indicating a capacity for significant fundraising. However, expenses have also shown variability, exceeding revenue in some years (e.g., $1,656,740 expenses vs. $1,570,505 revenue in 2023). The consistent reporting of zero officer compensation across all available filings suggests a high degree of volunteer leadership or that compensation is covered by an affiliated entity, which enhances its spending efficiency and transparency regarding executive pay.

The foundation's financial health appears robust, supported by its growing asset base. The low liabilities reported ($1 in recent years) further indicates a sound balance sheet. While the exact breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a significant positive indicator for donor confidence in how funds are managed. The NTEE code T70 (Foundations, Grantmaking & Giving) suggests its primary activity is grantmaking, which typically involves lower direct program delivery costs but requires efficient grant management.

Overall, Hageman Foundation Of Hope appears to be a financially stable organization with a strong commitment to minimizing executive overhead. Its consistent asset growth and minimal liabilities are positive signs. Further analysis of its functional expense breakdown would provide deeper insights into its spending efficiency, but the available data points to a well-managed entity.

Is Hageman Foundation Of Hope Legit?

Verdict: Hageman Foundation Of Hope appears trustworthy

Red Flags