Quick charity verification for Healthcare Industry Grant Corporation (EIN: 134197609)
Verdict: Healthcare Industry Grant Corporation appears trustworthy
85/100Mission Score
$2.8MRevenue
$2.7MAssets
2Red Flags
3Strengths
Red Flags
Highly volatile revenue and expense figures year-over-year, making financial planning challenging.
High liabilities relative to assets in some periods, such as $5,823,752 in liabilities against $5,999,095 in assets in 2023, indicating limited financial reserves.
Strengths
Consistent reporting of 0% officer compensation, demonstrating a strong commitment to directing funds to programs.
Significant asset base in some years, reaching $31,725,569 in 2018, indicating capacity for substantial operations.
Long filing history (13 filings) suggests established operations and compliance.
Spending Breakdown
How Healthcare Industry Grant Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Healthcare Industry Grant Corporation
Is Healthcare Industry Grant Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthcare Industry Grant Corporation (EIN: 134197609) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Healthcare Industry Grant Corporation a good charity to donate to?
Healthcare Industry Grant Corporation has a Mission Score of 85/100. Revenue: $2.8M. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Healthcare Industry Grant Corporation?
The Employer Identification Number (EIN) for Healthcare Industry Grant Corporation is 134197609. 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 Healthcare Industry Grant Corporation spend its money?
Healthcare Industry Grant Corporation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Healthcare Industry Grant Corporation's tax-exempt status?
You can verify Healthcare Industry Grant Corporation's tax-exempt status using EIN 134197609 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
Healthcare Industry Grant Corporation exhibits fluctuating financial health over the past decade, with significant swings in revenue and expenses. For instance, revenue peaked at $36,277,871 in 2018 but dropped to $1,022,638 in 2023. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and efficient use of funds for its mission rather than executive enrichment. However, the substantial liabilities, such as $5,823,752 in 2023 against assets of $5,999,095, suggest a tight financial position, though assets generally exceed liabilities. The organization's spending efficiency appears to be strong in terms of program focus, given the lack of executive compensation, but the overall financial stability is impacted by the volatile revenue streams.