Quick charity verification for Hart Family Foundation Inc (EIN: 208027268)
Verdict: Hart Family Foundation Inc appears trustworthy
75/100Mission Score
$28Revenue
$211KAssets
2Red Flags
3Strengths
Red Flags
Consistently low and declining annual revenue compared to expenses, indicating reliance on asset drawdowns.
Lack of detailed program spending breakdown in available data, making it difficult to assess specific impact.
Strengths
Zero officer compensation, indicating efficient use of funds for its mission.
Stable financial position with minimal liabilities ($1 or $0 across all filings).
Maintains a significant asset base ($331,287 in 2023) despite low revenue, providing long-term stability.
Spending Breakdown
How Hart 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 Hart Family Foundation Inc
Is Hart Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hart Family Foundation Inc (EIN: 208027268) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Hart Family Foundation Inc a good charity to donate to?
Hart Family Foundation Inc has a Mission Score of 75/100. Revenue: $28. Assets: $211K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hart Family Foundation Inc?
The Employer Identification Number (EIN) for Hart Family Foundation Inc is 208027268. 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 Hart Family Foundation Inc spend its money?
Hart 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 Hart Family Foundation Inc's tax-exempt status?
You can verify Hart Family Foundation Inc's tax-exempt status using EIN 208027268 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 Hart Family Foundation Inc. appears to be a private foundation with a very small operational footprint, as indicated by its consistently low reported revenues, which have declined significantly from $832 in 2011 to $33 in 2023. Despite minimal revenue, the organization maintains substantial assets, currently at $331,287, suggesting it operates primarily by distributing funds from its endowment rather than through public fundraising. Its expenses, while fluctuating, often exceed its annual revenue, for example, $8,510 in expenses against $33 in revenue in 2023, which is typical for a foundation making grants. The consistent reporting of $1 in liabilities across multiple years (or $0 in 2011) indicates a very stable financial position with virtually no debt.
The foundation's spending efficiency is difficult to assess in traditional terms due to its nature as a grant-making entity rather than a direct service provider. The IRS 990 data shows no officer compensation, which is a positive indicator of efficient use of funds, as all resources can theoretically be directed towards its mission. However, without detailed program spending breakdowns, it's challenging to determine the exact proportion of expenses dedicated to charitable grants versus administrative overhead. Given its NTEE code T20 (Private Grantmaking Foundations), its primary 'program' is likely grantmaking itself.
Transparency appears to be adequate through its regular IRS 990 filings, which are publicly available. The consistent reporting of assets, liabilities, revenue, and expenses, along with zero officer compensation, provides a clear, albeit high-level, picture of its financial activities. The lack of significant revenue from public support suggests it is not reliant on public donations, which simplifies its financial structure and reduces the need for extensive public fundraising disclosures.