Quick charity verification for Haymaker Foundation Inc (EIN: 202035975)
Verdict: Haymaker Foundation Inc has notable concerns
10/100Mission Score
$3Revenue
$3KAssets
4Red Flags
1Strengths
Red Flags
Extremely low and declining revenue (e.g., $4 in 2023)
Consistent and significant deficit spending (e.g., $400 expenses vs. $4 revenue in 2023)
Declining asset base over recent years (from $4,493 in 2021 to $3,636 in 2023)
Lack of clear programmatic spending given minimal financial activity
Strengths
No reported officer compensation across all filings, indicating good transparency on executive pay.
Spending Breakdown
How Haymaker Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 Haymaker Foundation Inc
Is Haymaker Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Haymaker Foundation Inc (EIN: 202035975) has notable concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
Is Haymaker Foundation Inc a good charity to donate to?
Haymaker Foundation Inc has a Mission Score of 10/100. Revenue: $3. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Haymaker Foundation Inc?
The Employer Identification Number (EIN) for Haymaker Foundation Inc is 202035975. 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 Haymaker Foundation Inc spend its money?
Haymaker Foundation Inc allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Haymaker Foundation Inc's tax-exempt status?
You can verify Haymaker Foundation Inc's tax-exempt status using EIN 202035975 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
Haymaker Foundation Inc appears to be a very small organization, with recent annual revenues consistently in the single digits (e.g., $4 in 2023 and 2022). This extremely low revenue, coupled with expenses that significantly exceed it (e.g., $400 in expenses against $4 revenue in 2023), indicates severe financial instability and a lack of operational capacity. The organization's assets have also been declining over recent years, from $4,493 in 2021 to $3,636 in 2023, further highlighting its precarious financial position. Given the minimal financial activity, it's difficult to assess spending efficiency in a meaningful way, but the consistent deficit spending is a major concern. The organization reports 0% officer compensation across all filings, which is a positive for transparency regarding executive pay, but the overall financial picture suggests it is barely operational.