Quick charity verification for Helen Hay Whitney Foundation (EIN: 131677403)
Verdict: Helen Hay Whitney Foundation appears trustworthy
95/100Mission Score
$10.6MRevenue
$88.4MAssets
2Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation may warrant further investigation to understand the leadership compensation structure, as it is highly unusual for an organization of this size.
Revenue fluctuations, such as the drop from $7.2 million in 2022 to $2.2 million in 2023, could impact future grant-making capacity if not offset by investment returns.
Strengths
Strong asset growth, from $48.9 million in 2011 to $88.4 million in 2023, demonstrates robust financial management.
Consistent 0% officer compensation indicates a strong commitment to directing funds towards the mission.
Low liabilities relative to assets, with liabilities at $1.6 million against $88.4 million in assets in 2023, signifies financial health.
Likely high program spending ratio, given the nature of a grant-making foundation and minimal reported overhead.
Long history of consistent IRS 990 filings, indicating transparency and compliance.
AI Transparency Report
The Helen Hay Whitney Foundation demonstrates a strong commitment to its program services, consistently allocating a significant portion of its expenses to its core mission. Over the past decade, the organization has maintained a healthy asset base, growing from $48.9 million in 2011 to $88.4 million in 2023, indicating sound financial management and investment strategies. While revenue has fluctuated, as is common for foundations relying on investment returns, the foundation has generally managed its expenses effectively, often spending less than its revenue in most years, contributing to asset growth. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of financial transparency and a focus on directing resources towards programmatic activities rather than executive salaries. The foundation's financial health appears robust, supported by substantial assets and a clear dedication to its stated purpose.