Is Hamrick Family Foundation Inc A Supporting Organization Legit?
Quick charity verification for Hamrick Family Foundation Inc A Supporting Organization (EIN: 201129596)
Verdict: Hamrick Family Foundation Inc A Supporting Organization has notable concerns
10/100Mission Score
$577Revenue
$3KAssets
4Red Flags
1Strengths
Red Flags
Highly volatile and frequently negative revenue reported across multiple years, indicating financial instability.
Drastic decline in assets from $54,116 in 2022 to $2,895 currently, raising questions about financial health and sustainability.
Lack of clear program spending, as expenses often exceed revenue and the organization's purpose as a 'supporting organization' is not detailed.
Very low current assets and revenue, suggesting limited operational capacity.
Strengths
Consistent reporting of 0% officer compensation, indicating no executive salaries are paid.
Spending Breakdown
How Hamrick Family Foundation Inc A Supporting Organization allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 Hamrick Family Foundation Inc A Supporting Organization
Is Hamrick Family Foundation Inc A Supporting Organization a legitimate charity?
Based on AI analysis of IRS 990 filings, Hamrick Family Foundation Inc A Supporting Organization (EIN: 201129596) has notable concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
Is Hamrick Family Foundation Inc A Supporting Organization a good charity to donate to?
Hamrick Family Foundation Inc A Supporting Organization has a Mission Score of 10/100. Revenue: $577. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hamrick Family Foundation Inc A Supporting Organization?
The Employer Identification Number (EIN) for Hamrick Family Foundation Inc A Supporting Organization is 201129596. 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 Hamrick Family Foundation Inc A Supporting Organization spend its money?
Hamrick Family Foundation Inc A Supporting Organization allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hamrick Family Foundation Inc A Supporting Organization's tax-exempt status?
You can verify Hamrick Family Foundation Inc A Supporting Organization's tax-exempt status using EIN 201129596 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 Hamrick Family Foundation Inc, a supporting organization, exhibits a highly unusual financial profile. Its revenue has fluctuated wildly, with several years showing negative revenue, such as -$2,548 in 2022 and -$1,074 in 2020. This suggests significant financial instability or a reporting anomaly. The organization's assets have remained relatively stable, hovering around $50,000-$60,000 over the past decade, but its latest reported assets are only $2,895, a drastic decline from $54,116 in 2022. This sharp drop in assets, coupled with a current revenue of only $577, raises serious concerns about its ongoing viability and financial health. The consistent reporting of 0% officer compensation is a positive note regarding executive pay, but the overall financial picture is concerning.