How Henry Family Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
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 Henry Family Foundation
Is Henry Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry Family Foundation (EIN: 20516848) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
Is Henry Family Foundation a good charity to donate to?
Henry Family Foundation has a Mission Score of 55/100. Revenue: $267K. Assets: $238K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Henry Family Foundation?
The Employer Identification Number (EIN) for Henry Family Foundation is 20516848. 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 Henry Family Foundation spend its money?
Henry Family Foundation allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Henry Family Foundation's tax-exempt status?
You can verify Henry Family Foundation's tax-exempt status using EIN 20516848 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 Henry Family Foundation, a private foundation, exhibits a concerning financial trend with expenses consistently exceeding revenue in recent years. For instance, in 2022, expenses were $197,709 against revenue of only $24,275, and in 2021, expenses were $217,829 against $78,861 in revenue. This indicates a reliance on drawing down assets, which have decreased from $550,862 in 2020 to $237,752 in 2022. While the organization reports zero officer compensation, which is a positive for efficiency, the overall financial sustainability is questionable given the significant and sustained deficit spending. The NTEE code T22 suggests it's a private grantmaking foundation, and without detailed program spending breakdowns, it's difficult to fully assess program efficiency, but the declining asset base is a significant concern for its long-term ability to fulfill its mission.
The foundation's transparency is generally good, with consistent IRS 990 filings. The lack of officer compensation is a strong point, indicating that administrative costs related to executive salaries are non-existent. However, the substantial decrease in assets over the past few years, from a peak of $550,862 in 2020 to $237,752 in 2022, raises questions about the sustainability of its grantmaking activities. The foundation's ability to continue its operations at current spending levels without a significant increase in revenue or a reduction in expenses is a primary concern.