Quick charity verification for Halcyon Foundation (EIN: 136059784)
Verdict: Halcyon Foundation appears trustworthy
75/100Mission Score
$3.3MRevenue
$7.4MAssets
2Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in the last two reported periods (2023 and 2022), indicating deficit spending.
Significant fluctuations in annual revenue, from $1,467,558 in 2021 to $520,839 in 2022, suggest revenue instability.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating low executive overhead.
Maintained a healthy asset base, with $7,411,682 in the latest period, providing financial stability.
Demonstrated ability to generate substantial revenue in certain years, such as $1,467,558 in 2021.
Spending Breakdown
How Halcyon Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Halcyon Foundation
Is Halcyon Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Halcyon Foundation (EIN: 136059784) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Halcyon Foundation a good charity to donate to?
Halcyon Foundation has a Mission Score of 75/100. Revenue: $3.3M. Assets: $7.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Halcyon Foundation?
The Employer Identification Number (EIN) for Halcyon Foundation is 136059784. 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 Halcyon Foundation spend its money?
Halcyon Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Halcyon Foundation's tax-exempt status?
You can verify Halcyon Foundation's tax-exempt status using EIN 136059784 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
Halcyon Foundation demonstrates a mixed financial picture. While the organization has maintained a healthy asset base, reaching $7,411,682 in its latest filing, its revenue has fluctuated significantly, from a high of $1,467,558 in 2021 to a low of $520,839 in 2022. The most recent period (202312) shows expenses ($982,551) exceeding revenue ($684,957), indicating a deficit spending trend that draws down on reserves. This pattern of spending more than it earns in recent years (2023 and 2022) warrants closer examination.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing overhead in that specific area. The substantial asset base provides a buffer against short-term revenue fluctuations, but sustained deficit spending could erode this over time. Transparency regarding the allocation of expenses would significantly enhance the assessment of its financial health and efficiency.
Overall, Halcyon Foundation appears to be a stable organization in terms of assets, but its operational sustainability is challenged by inconsistent revenue generation and recent deficit spending. The lack of officer compensation is a positive indicator of fiscal prudence at the leadership level, but more granular expense data is needed for a comprehensive evaluation of spending efficiency.