Quick charity verification for Hasbrofoundation Inc (EIN: 222538470)
Verdict: Hasbrofoundation Inc appears trustworthy
75/100Mission Score
$1.2MRevenue
$1.9MAssets
2Red Flags
2Strengths
Red Flags
Significant decline in reported revenue from $4,057,439 in 2022 to $1,170,993 in 2023, raising questions about future funding stability.
Lack of a dedicated, comprehensive website for the foundation makes it difficult to assess program details and impact.
Strengths
Consistently high percentage of spending directed towards programs (e.g., 90% in 2023 based on available data), indicating a strong commitment to its mission.
Maintains a substantial asset base ($3,789,852 in 2023) despite revenue fluctuations, providing some financial buffer.
Spending Breakdown
How Hasbrofoundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Hasbrofoundation Inc
Is Hasbrofoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hasbrofoundation Inc (EIN: 222538470) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
Is Hasbrofoundation Inc a good charity to donate to?
Hasbrofoundation Inc has a Mission Score of 75/100. Revenue: $1.2M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hasbrofoundation Inc?
The Employer Identification Number (EIN) for Hasbrofoundation Inc is 222538470. 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 Hasbrofoundation Inc spend its money?
Hasbrofoundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hasbrofoundation Inc's tax-exempt status?
You can verify Hasbrofoundation Inc's tax-exempt status using EIN 222538470 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
Hasbrofoundation Inc is a unknown nonprofit based in Pawtucket, Rhode Island, with reported revenue of $1.2M and assets of $1.9M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. Executive compensation is reported as $0 across all available filings, suggesting that executive salaries are likely absorbed by Hasbro Inc. rather than directly by the foundation's budget. Revenue has grown +372% across 11 filing periods.