Quick charity verification for Henry Foundation (EIN: 205861163)
Verdict: Henry Foundation appears trustworthy
75/100Mission Score
$3.1MRevenue
$740KAssets
3Red Flags
3Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $2,006 in 2015 vs. $6,923,445 in 2014).
Expenses frequently exceeding revenue in recent years (e.g., 202312, 202012, 201912), indicating potential reliance on reserves or unsustainable spending.
Asset base shows considerable fluctuation, from $343,500 in 202012 to $3,764,540 in 201412, which could impact long-term stability.
Strengths
Consistent 0% officer compensation across all filings, indicating high financial transparency and dedication of funds to mission.
Generally very low liabilities, often $1, suggesting sound debt management.
Maintains a substantial asset base in many years, providing a buffer for operations despite revenue fluctuations.
Spending Breakdown
How Henry Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Foundation
Is Henry Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry Foundation (EIN: 205861163) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Henry Foundation a good charity to donate to?
Henry Foundation has a Mission Score of 75/100. Revenue: $3.1M. Assets: $740K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Henry Foundation?
The Employer Identification Number (EIN) for Henry Foundation is 205861163. 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 Foundation spend its money?
Henry Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Henry Foundation's tax-exempt status?
You can verify Henry Foundation's tax-exempt status using EIN 205861163 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 Foundation demonstrates a mixed financial picture. While the organization has reported significant revenue fluctuations over the past decade, ranging from a low of $2,006 in 2015 to a high of $12,602 in 2011 (note: the provided 'Latest Revenue' of $3,132,740 seems to be an average or different metric than the individual filing revenues), its most recent filing (202312) shows expenses ($3,356,568) exceeding revenue ($2,701,688), leading to a net deficit for that period. This trend of expenses exceeding revenue is also visible in 202012 and 201912, suggesting potential reliance on reserves or other funding sources in certain years. The foundation's assets have also varied considerably, from $343,500 in 202012 to $3,764,540 in 201412, indicating an inconsistent asset base.
Regarding spending efficiency, the provided data does not include a detailed breakdown of program, administrative, and fundraising expenses, making a precise assessment challenging. However, the consistent reporting of 0% officer compensation across all filings is a strong indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries. The organization's liabilities have generally remained very low, often $1, which is a positive sign of financial management and minimal debt burden. The significant swings in revenue and expenses, however, suggest a need for more stable financial planning or a clearer explanation of its funding model.