Quick charity verification for Hasc Center Inc (EIN: 112630071)
Verdict: Hasc Center Inc appears trustworthy
85/100Mission Score
$111.2MRevenue
$93.0MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported across all filings for a large organization, which may obscure actual executive remuneration if reported elsewhere.
Strengths
Strong and consistent revenue growth over the past decade, from $35.4M in 2014 to $111.2M currently.
Significant growth in assets, from $45.5M in 2014 to $93M currently, strengthening the balance sheet.
Manageable liabilities relative to assets, indicating a healthy financial position.
Spending Breakdown
How Hasc Center Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Hasc Center Inc
Is Hasc Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hasc Center Inc (EIN: 112630071) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Hasc Center Inc a good charity to donate to?
Hasc Center Inc has a Mission Score of 85/100. Revenue: $111.2M. Assets: $93.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hasc Center Inc?
The Employer Identification Number (EIN) for Hasc Center Inc is 112630071. 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 Hasc Center Inc spend its money?
Hasc Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hasc Center Inc's tax-exempt status?
You can verify Hasc Center Inc's tax-exempt status using EIN 112630071 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
Hasc Center Inc demonstrates robust financial growth, with revenue increasing from $35.4 million in 2014 to over $111 million currently. The organization consistently operates with a surplus, as seen in the 2023 fiscal period where revenue of $97.5 million exceeded expenses of $89.2 million. This indicates sound financial management and an ability to cover operational costs while building reserves. The organization's assets have also grown significantly, from $45.5 million in 2014 to $93 million currently, suggesting a strong balance sheet and capacity for future programs. Liabilities have remained manageable relative to assets, indicating a healthy financial position.
Spending efficiency appears strong, with a consistent pattern of expenses being well-covered by revenue across all reported periods. The absence of reported officer compensation in all available filings is a notable aspect of its financial transparency, suggesting that executive leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which would be highly efficient. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency across categories is limited. The consistent growth in revenue and assets, coupled with operational surpluses, points to a well-managed and financially stable organization.
While the provided data indicates strong financial health and growth, the lack of specific functional expense breakdowns (program, administrative, fundraising) in the summary data limits a full assessment of spending efficiency and transparency in those areas. The consistent reporting of zero officer compensation across all filings is a positive indicator for transparency regarding executive pay, but further detail on overall compensation practices would enhance understanding. The organization's consistent growth and positive net assets suggest a well-stewarded entity, but a deeper dive into the full 990 forms would be necessary for a complete picture of its operational transparency beyond the top-line figures.