Is Halbert Harmon Foundation Inc Legit? —…

Quick charity verification for Halbert Harmon Foundation Inc (EIN: 200214688)

Spending Breakdown

How Halbert Harmon 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

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 Halbert Harmon Foundation Inc

Is Halbert Harmon Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Halbert Harmon Foundation Inc (EIN: 200214688) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Halbert Harmon Foundation Inc a good charity to donate to?

Halbert Harmon Foundation Inc has a Mission Score of 85/100. Revenue: $5.3M. Assets: $8.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Halbert Harmon Foundation Inc?

The Employer Identification Number (EIN) for Halbert Harmon Foundation Inc is 200214688. 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 Halbert Harmon Foundation Inc spend its money?

Halbert Harmon Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Halbert Harmon Foundation Inc's tax-exempt status?

You can verify Halbert Harmon Foundation Inc's tax-exempt status using EIN 200214688 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 Halbert Harmon Foundation Inc. demonstrates a consistent pattern of financial stability and growth in assets over the past decade, increasing from $3.27 million in 2011 to $7.17 million in 2023. The organization's revenue has fluctuated significantly, with a peak of $1.93 million in 2021, but generally exceeds expenses, contributing to asset accumulation. For instance, in 2022, revenue was $792,879 against expenses of $650,786. However, the most recent filing for 2023 shows expenses ($574,646) exceeding revenue ($448,538), indicating a year where the foundation spent more than it took in. The consistent reporting of zero officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence regarding executive pay. The organization's liabilities have consistently been reported as minimal ($0 or $1), indicating a very healthy balance sheet with virtually no debt.

While the overall financial health appears robust due to asset growth and low liabilities, the lack of detailed expense breakdowns in the provided data makes it challenging to fully assess spending efficiency, particularly the allocation between program, administrative, and fundraising costs. The consistent reporting of zero officer compensation is a strong point for transparency in executive pay. However, without a breakdown of other expenses, a comprehensive evaluation of how effectively funds are being utilized for their mission is limited. The foundation's NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is making grants, which typically involves lower direct program expenses compared to service delivery organizations, but still requires efficient grant management.

Overall, the foundation appears financially sound with a strong asset base and minimal debt. The absence of officer compensation is a notable strength in transparency. To fully assess spending efficiency, more detailed expense categorization would be beneficial. The recent dip where expenses exceeded revenue in 2023 warrants monitoring, but given the substantial asset base, it does not immediately signal distress.

Is Halbert Harmon Foundation Inc Legit?

Verdict: Halbert Harmon Foundation Inc appears trustworthy

Red Flags

Strengths