Quick charity verification for Hamlet Fund Inc (EIN: 113053108)
Verdict: Hamlet Fund Inc appears trustworthy
85/100Mission Score
$16.3MRevenue
$54.8MAssets
3Red Flags
4Strengths
Red Flags
Unknown NTEE code, making it difficult to assess mission alignment and impact.
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data.
Significant discrepancy between 'Latest Revenue' and most recent 990 filing revenue without explanation.
Strengths
Strong financial health with consistently growing assets ($54,776,048 latest).
Extremely low operational expenses relative to revenue and assets, indicating efficiency.
No reported officer compensation, suggesting a highly cost-efficient leadership structure.
Low liabilities relative to assets, indicating financial stability.
Spending Breakdown
How Hamlet Fund Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Hamlet Fund Inc
Is Hamlet Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hamlet Fund Inc (EIN: 113053108) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Hamlet Fund Inc a good charity to donate to?
Hamlet Fund Inc has a Mission Score of 85/100. Revenue: $16.3M. Assets: $54.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hamlet Fund Inc?
The Employer Identification Number (EIN) for Hamlet Fund Inc is 113053108. 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 Hamlet Fund Inc spend its money?
Hamlet Fund Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hamlet Fund Inc's tax-exempt status?
You can verify Hamlet Fund Inc's tax-exempt status using EIN 113053108 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
Hamlet Fund Inc. demonstrates strong financial health with consistently growing assets, reaching $54,776,048 in the latest period. The organization's revenue has fluctuated, with a notable increase to $16,274,846 in the latest reported period, though the most recent 990 filing (202306) shows revenue of $2,262,792. A key characteristic is the extremely low expense ratio relative to revenue and assets across all reported periods. For instance, in 202306, expenses were only $364,141 against $2,262,792 in revenue, indicating a very lean operational structure or that a significant portion of revenue is investment income or contributions that are not immediately expended on programs. The consistent reporting of zero officer compensation across all filings suggests a volunteer-led or externally managed structure, which contributes to low administrative overhead. The organization's liabilities have remained relatively low compared to its substantial assets, indicating financial stability. However, without a breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The NTEE code being unknown also limits understanding of its specific mission and how effectively it is deploying its significant assets.