Quick charity verification for Hazen Scholarship Fund 3035016112 (EIN: 20530567)
Verdict: Hazen Scholarship Fund 3035016112 appears trustworthy
95/100Mission Score
$34KRevenue
$177KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high program efficiency.
Stable asset base (e.g., $182,154 in 202406) with minimal liabilities ($1 in 202406).
Long history of IRS 990 filings, demonstrating transparency.
Generally operates with a surplus or balanced budget, indicating sound financial management (e.g., $24,521 revenue vs. $22,138 expenses in 202406).
Spending Breakdown
How Hazen Scholarship Fund 3035016112 allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Hazen Scholarship Fund 3035016112
Is Hazen Scholarship Fund 3035016112 a legitimate charity?
Based on AI analysis of IRS 990 filings, Hazen Scholarship Fund 3035016112 (EIN: 20530567) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is Hazen Scholarship Fund 3035016112 a good charity to donate to?
Hazen Scholarship Fund 3035016112 has a Mission Score of 95/100. Revenue: $34K. Assets: $177K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hazen Scholarship Fund 3035016112?
The Employer Identification Number (EIN) for Hazen Scholarship Fund 3035016112 is 20530567. 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 Hazen Scholarship Fund 3035016112 spend its money?
Hazen Scholarship Fund 3035016112 allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hazen Scholarship Fund 3035016112's tax-exempt status?
You can verify Hazen Scholarship Fund 3035016112's tax-exempt status using EIN 20530567 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 Hazen Scholarship Fund appears to be a financially stable, albeit small, organization focused on its program services. With assets consistently around $170,000-$180,000 and minimal liabilities (often just $1), the fund maintains a healthy balance sheet. Its revenue and expenses fluctuate year-to-year, but the organization generally operates with a surplus or near break-even, as seen in the 202406 period where revenue was $24,521 and expenses were $22,138. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for spending efficiency. Given its NTEE code B82 (Scholarship & Student Aid), the primary expenses would likely be direct scholarship disbursements.
The organization demonstrates good financial health for its size, with a consistent asset base and prudent management of liabilities. The absence of officer compensation is a significant indicator of efficiency and a strong program focus. Transparency is also high, as evidenced by the readily available 990 filings over a long period. While specific program spending percentages aren't detailed in the provided summary, the overall financial picture suggests that the vast majority of expenses are directed towards its scholarship program, making it an efficient and transparent operation.