Quick charity verification for Harvey Mcnairy Foundation Inc (EIN: 208686982)
Verdict: Harvey Mcnairy Foundation Inc appears trustworthy
95/100Mission Score
$3.7MRevenue
$13.1MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed program spending breakdown in summary data
Unusually low liabilities ($1) across all filings, potentially indicating incomplete reporting or unique financial structure
Strengths
Strong and growing asset base ($13,101,023)
Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus
Minimal liabilities ($1 across all filings), demonstrating excellent financial health
Consistent revenue generation exceeding expenses in most periods, leading to asset growth
Long history of IRS 990 filings (10 filings), indicating transparency and compliance
Spending Breakdown
How Harvey Mcnairy 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 Harvey Mcnairy Foundation Inc
Is Harvey Mcnairy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harvey Mcnairy Foundation Inc (EIN: 208686982) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
Is Harvey Mcnairy Foundation Inc a good charity to donate to?
Harvey Mcnairy Foundation Inc has a Mission Score of 95/100. Revenue: $3.7M. Assets: $13.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harvey Mcnairy Foundation Inc?
The Employer Identification Number (EIN) for Harvey Mcnairy Foundation Inc is 208686982. 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 Harvey Mcnairy Foundation Inc spend its money?
Harvey Mcnairy Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harvey Mcnairy Foundation Inc's tax-exempt status?
You can verify Harvey Mcnairy Foundation Inc's tax-exempt status using EIN 208686982 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 Harvey Mcnairy Foundation Inc demonstrates a consistent pattern of financial growth and stability over the past decade. With latest reported revenue of $3,701,712 and assets of $13,101,023, the organization maintains a strong asset base relative to its annual expenses. The foundation consistently reports minimal liabilities ($1 across all filings), indicating a very healthy balance sheet and low financial risk. The absence of reported officer compensation across all ten filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence and efficient use of funds.
While specific program spending percentages are not detailed in the provided summary, the consistent surplus of revenue over expenses in most years (e.g., $1,499,876 revenue vs. $1,111,593 expenses in 2023) allows for asset growth and sustained operations. The foundation's NTEE code T22 (Private Grantmaking Foundations) implies its primary activity is distributing grants, which inherently means a significant portion of its expenses would be programmatic. The lack of reported officer compensation also contributes to a perception of high transparency regarding executive benefits.
Overall, the Harvey Mcnairy Foundation appears to be a financially sound and efficiently managed organization. Its strong asset base, consistent revenue generation, and minimal liabilities provide a solid foundation for its grantmaking activities. The absence of executive compensation is a notable strength, suggesting a high proportion of funds are directed towards its mission rather than administrative overhead related to salaries.