Quick charity verification for Henry T Nicholas Iii Foundation (EIN: 207201390)
Verdict: Henry T Nicholas Iii Foundation appears trustworthy
92/100Mission Score
$7.5MRevenue
$589.1MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($9.1M vs $5.1M), indicating reliance on prior year surpluses or asset drawdowns.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency in executive pay.
Substantial and growing asset base, reaching $312 million in 2023, providing long-term stability.
Strong program focus as a private grantmaking foundation (NTEE T22), implying direct charitable activity.
Low liabilities relative to assets, with liabilities at $4.4 million against $312 million in assets in 2023.
Spending Breakdown
How Henry T Nicholas Iii Foundation 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 Henry T Nicholas Iii Foundation
Is Henry T Nicholas Iii Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry T Nicholas Iii Foundation (EIN: 207201390) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Henry T Nicholas Iii Foundation a good charity to donate to?
Henry T Nicholas Iii Foundation has a Mission Score of 92/100. Revenue: $7.5M. Assets: $589.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Henry T Nicholas Iii Foundation?
The Employer Identification Number (EIN) for Henry T Nicholas Iii Foundation is 207201390. 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 T Nicholas Iii Foundation spend its money?
Henry T Nicholas Iii Foundation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Henry T Nicholas Iii Foundation's tax-exempt status?
You can verify Henry T Nicholas Iii Foundation's tax-exempt status using EIN 207201390 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 T Nicholas Iii Foundation demonstrates a strong financial position with substantial assets, growing from $5.9 million in 2011 to $312 million in 2023. The organization consistently reports 0% officer compensation across all available filings, indicating a commitment to directing funds towards its mission rather than executive salaries. While revenue has fluctuated significantly, such as a peak of $35.9 million in 2020 and a low of $8,825 in 2011, the foundation has maintained a healthy asset base. In 2023, expenses ($9.1 million) exceeded revenue ($5.1 million), which is a point to monitor, though it's not uncommon for foundations to draw from endowments in certain years. The consistent growth in assets suggests effective long-term financial management and investment strategies.