Quick charity verification for Hendricks Family Foundation Inc (EIN: 200874851)
Verdict: Hendricks Family Foundation Inc appears trustworthy
92/100Mission Score
$18.9MRevenue
$73.7MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and significant asset growth (from $7.98M in 2011 to $59.77M in 2023).
Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
Strong financial health with revenues consistently exceeding expenses in most years, allowing for asset building.
Low liabilities relative to assets, suggesting a stable financial position (e.g., $3.21M liabilities vs. $59.77M assets in 2023).
Clear dedication to program spending given the nature of a private grantmaking foundation and minimal administrative overhead.
Spending Breakdown
How Hendricks Family Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Hendricks Family Foundation Inc
Is Hendricks Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hendricks Family Foundation Inc (EIN: 200874851) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Hendricks Family Foundation Inc a good charity to donate to?
Hendricks Family Foundation Inc has a Mission Score of 92/100. Revenue: $18.9M. Assets: $73.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hendricks Family Foundation Inc?
The Employer Identification Number (EIN) for Hendricks Family Foundation Inc is 200874851. 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 Hendricks Family Foundation Inc spend its money?
Hendricks Family Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hendricks Family Foundation Inc's tax-exempt status?
You can verify Hendricks Family Foundation Inc's tax-exempt status using EIN 200874851 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 Hendricks Family Foundation Inc. demonstrates strong financial health and a clear commitment to its programmatic mission. Over the past decade, the organization has shown consistent growth in both revenue and assets, with assets increasing from $7.98 million in 2011 to $59.77 million in 2023. This growth indicates effective asset management and successful fundraising or investment strategies. The foundation consistently reports 0% officer compensation, which is a significant indicator of efficient spending and a focus on directing resources towards its charitable activities rather than administrative overhead.
The foundation's spending efficiency is commendable, particularly given its grant-making nature (NTEE Code T22 - Private Grantmaking Foundations). In 2023, expenses were $4.01 million against revenues of $11.59 million, suggesting a substantial portion of revenue is retained to build endowment or for future grant cycles, which is typical for foundations. The consistent reporting of 0% officer compensation across all available filings highlights a strong dedication to minimizing administrative costs and maximizing the impact of its funds. This operational model, combined with robust asset growth, positions the foundation as a financially sound and program-focused entity.
Transparency is high, as evidenced by the readily available IRS 990 filings and the clear reporting of financial metrics. The absence of officer compensation simplifies the analysis and reinforces the foundation's commitment to its mission. The consistent growth in assets and the relatively low expense ratios (compared to revenue) suggest a well-managed organization that is building capacity for long-term impact. The foundation's financial trajectory indicates a stable and growing philanthropic presence in its community.