Quick charity verification for Hardesty Family Foundation Inc (EIN: 204094088)
Verdict: Hardesty Family Foundation Inc appears trustworthy
85/100Mission Score
$85.3MRevenue
$142.2MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed program expense breakdown in provided data, making direct program efficiency assessment difficult for a public charity comparison.
NTEE code Z99 ('Unknown') provides no specific insight into the foundation's programmatic focus.
Strengths
Consistently low liabilities across all filing periods, indicating strong financial stability.
Significant and growing asset base, reaching $142,153,842, providing substantial capacity for grantmaking.
Consistent 0% officer compensation, suggesting resources are not diverted to executive salaries.
Strong revenue generation, with a notable surge in the latest period ($85,290,903).
Spending Breakdown
How Hardesty Family Foundation 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 Hardesty Family Foundation Inc
Is Hardesty Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hardesty Family Foundation Inc (EIN: 204094088) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Hardesty Family Foundation Inc a good charity to donate to?
Hardesty Family Foundation Inc has a Mission Score of 85/100. Revenue: $85.3M. Assets: $142.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hardesty Family Foundation Inc?
The Employer Identification Number (EIN) for Hardesty Family Foundation Inc is 204094088. 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 Hardesty Family Foundation Inc spend its money?
Hardesty Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hardesty Family Foundation Inc's tax-exempt status?
You can verify Hardesty Family Foundation Inc's tax-exempt status using EIN 204094088 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 Hardesty Family Foundation Inc. demonstrates strong financial health with consistently high assets, reaching $142,153,842 in its latest filing. The foundation's revenue has fluctuated, with a notable $85,290,903 in the latest period, significantly higher than previous years, indicating a substantial influx of funds. Expenses have generally remained stable, ranging from approximately $4 million to $7 million in most recent filings, suggesting consistent operational costs relative to its asset base. The foundation's liabilities are consistently very low, often negligible, which is a positive indicator of financial stability and minimal debt burden.
Regarding spending efficiency, as a private foundation (implied by NTEE Z99 and lack of program service expense breakdown in provided data), its primary function is grantmaking. The provided data does not detail program service expenses versus administrative or fundraising, which is a limitation for a direct efficiency assessment in the traditional sense for public charities. However, the consistent growth in assets and low liabilities suggest effective management of its endowment. The absence of officer compensation further indicates that the foundation's operational costs are likely directed towards administrative functions and grant distribution rather than high executive salaries.
Transparency is generally good, with a consistent filing history of 10 IRS 990 forms. The lack of officer compensation is a positive transparency signal. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a full assessment of spending efficiency and programmatic impact is challenging from the provided summary data. For a private foundation, the key transparency metric would be the disclosure of its grant recipients and the impact of those grants, which is not available in this summary.