Quick charity verification for Hannah Gray Development Corporation (EIN: 223011882)
Verdict: Hannah Gray Development Corporation shows mixed signals
65/100Mission Score
$694KRevenue
$905KAssets
3Red Flags
3Strengths
Red Flags
Consistent 'c0%' for compensation of officers, directors, trustees, and key employees across all years (2016-2023) raises questions about how leadership is compensated or if this field is misreported.
Total assets have steadily declined from $2,601,613 in 2016 to $905,153 in 2023, a significant decrease of over 65%.
Expenses consistently exceed revenue in most years (e.g., 2023: revenue $471,105 vs. expenses $605,367), leading to a reduction in net assets.
Strengths
Consistent revenue generation, averaging around $480,000-$500,000 annually over the past eight years.
Maintains a positive asset base, though it has been declining.
Regularly files financial reports, demonstrating a commitment to basic regulatory compliance.
Spending Breakdown
How Hannah Gray Development Corporation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Hannah Gray Development Corporation
Is Hannah Gray Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hannah Gray Development Corporation (EIN: 223011882) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Hannah Gray Development Corporation a good charity to donate to?
Hannah Gray Development Corporation has a Mission Score of 65/100. Revenue: $694K. Assets: $905K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hannah Gray Development Corporation?
The Employer Identification Number (EIN) for Hannah Gray Development Corporation is 223011882. 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 Hannah Gray Development Corporation spend its money?
Hannah Gray Development Corporation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hannah Gray Development Corporation's tax-exempt status?
You can verify Hannah Gray Development Corporation's tax-exempt status using EIN 223011882 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
Hannah Gray Development Corporation is a unknown nonprofit based in New Haven, Connecticut, with reported revenue of $694K and assets of $905K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. • No specific transparency report or detailed program breakdowns were found in the provided data.
• The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which warrants further investigation.
• Financial filings are consistently submitted, indicating basic compliance. The provided data consistently shows 'c0%' for compensation, indicating no reported compensation for officers, directors, trustees, and key employees across all years, which is unusual for an organization with significant assets and expenses. Revenue has grown +12% across 13 filing periods.