Is Hartford Yard Goats Charitable Foundation Inc Legit?
Quick charity verification for Hartford Yard Goats Charitable Foundation Inc (EIN: 161638341)
Verdict: Hartford Yard Goats Charitable Foundation Inc appears trustworthy
75/100Mission Score
$272KRevenue
$17KAssets
2Red Flags
3Strengths
Red Flags
Inconsistent financial performance with several years of expenses exceeding revenue (e.g., 2023, 2020, 2019, 2018, 2016).
Significant fluctuations in asset levels over time, indicating potential instability in reserves.
Strengths
Consistent reporting of 0% officer compensation, demonstrating a strong commitment to mission-focused spending.
Zero reported liabilities across all filings, indicating excellent debt management.
Positive revenue growth in some periods, such as from $10,366 in 2020 to $149,195 in 2023.
Spending Breakdown
How Hartford Yard Goats Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Hartford Yard Goats Charitable Foundation Inc
Is Hartford Yard Goats Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hartford Yard Goats Charitable Foundation Inc (EIN: 161638341) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Hartford Yard Goats Charitable Foundation Inc a good charity to donate to?
Hartford Yard Goats Charitable Foundation Inc has a Mission Score of 75/100. Revenue: $272K. Assets: $17K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hartford Yard Goats Charitable Foundation Inc?
The Employer Identification Number (EIN) for Hartford Yard Goats Charitable Foundation Inc is 161638341. 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 Hartford Yard Goats Charitable Foundation Inc spend its money?
Hartford Yard Goats Charitable Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hartford Yard Goats Charitable Foundation Inc's tax-exempt status?
You can verify Hartford Yard Goats Charitable Foundation Inc's tax-exempt status using EIN 161638341 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 Hartford Yard Goats Charitable Foundation Inc. demonstrates a fluctuating financial performance over the past several years. While the organization reported its latest revenue at $271,999, its most recent filing (202312) shows revenue of $149,195 against expenses of $208,398, indicating a deficit for that period. This trend of expenses exceeding revenue is also visible in 2020, 2019, 2018, and 2016, suggesting inconsistent financial stability. The organization's assets have also varied significantly, from a high of $65,485 in 2022 to a low of $3,553 in 2016, and currently stand at $17,279.
Despite these fluctuations, a notable strength is the consistent reporting of 0% officer compensation across all available filings, which suggests a commitment to directing funds towards the mission rather than executive salaries. However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, it's challenging to fully assess spending efficiency. The organization consistently reports zero liabilities, which is a positive indicator of financial management.
Overall, the foundation appears to be a small, community-focused entity with varying financial inflows and outflows. Its transparency regarding executive compensation is excellent, but a deeper dive into expense categories would be necessary for a complete assessment of spending efficiency. The significant swings in revenue and expenses, alongside asset values, suggest a need for more stable financial planning.