Quick charity verification for Hanac Spiti Management Company Inc (EIN: 113166843)
Verdict: Hanac Spiti Management Company Inc appears trustworthy
85/100Mission Score
$2.2MRevenue
$1.9MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation is unusual for an organization of this size, potentially obscuring how leadership is compensated or indicating a volunteer-led structure that may not be sustainable long-term.
Liabilities have grown significantly alongside assets, with liabilities ($1,611,490 in 202306) being a substantial portion of assets ($1,681,371 in 202306), indicating a high reliance on debt or other obligations.
Strengths
Strong program spending efficiency, with expenses consistently matching revenues, indicating funds are directly utilized for operations.
Significant and consistent asset growth over the past decade, from $77,456 in 201406 to $1,681,371 in 202306.
Consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency.
No reported officer compensation, which can be seen as a positive for donor confidence regarding administrative overhead.
Spending Breakdown
How Hanac Spiti Management Company 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 Hanac Spiti Management Company Inc
Is Hanac Spiti Management Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hanac Spiti Management Company Inc (EIN: 113166843) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Hanac Spiti Management Company Inc a good charity to donate to?
Hanac Spiti Management Company Inc has a Mission Score of 85/100. Revenue: $2.2M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hanac Spiti Management Company Inc?
The Employer Identification Number (EIN) for Hanac Spiti Management Company Inc is 113166843. 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 Hanac Spiti Management Company Inc spend its money?
Hanac Spiti Management Company Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hanac Spiti Management Company Inc's tax-exempt status?
You can verify Hanac Spiti Management Company Inc's tax-exempt status using EIN 113166843 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
Hanac Spiti Management Company Inc demonstrates consistent financial operations with revenues closely matching expenses across all reported periods. For example, in 202306, revenue was $2,140,737 against expenses of $2,120,685, indicating a tight operational margin. The organization's assets have shown significant growth over time, from $77,456 in 201406 to $1,681,371 in 202306, suggesting effective asset management or reinvestment. However, the liabilities have also grown proportionally, indicating reliance on debt or other obligations to finance operations or asset acquisition.
The organization's spending efficiency appears high, given the minimal difference between revenue and expenses, implying that most funds are directly utilized for its operations. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its financial management, contributing to lower administrative overhead. While the NTEE code L02 (Housing Development, Construction & Management) suggests a program-heavy focus, without a detailed breakdown of program vs. administrative vs. fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent filing of IRS 990s over 13 periods indicates a commitment to regulatory compliance and transparency.
Overall, Hanac Spiti Management Company Inc appears to be a financially stable organization with a strong track record of asset growth and efficient use of funds, as evidenced by its tight revenue-to-expense ratios. The lack of reported officer compensation is a positive indicator for donor confidence. However, a more granular breakdown of expenses would further enhance transparency regarding how funds are allocated across different functions.