Is Herbert Hoover Foundation Inc Legit? —…

Quick charity verification for Herbert Hoover Foundation Inc (EIN: 136101789)

Spending Breakdown

How Herbert Hoover Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Herbert Hoover Foundation Inc

Is Herbert Hoover Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Herbert Hoover Foundation Inc (EIN: 136101789) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Herbert Hoover Foundation Inc a good charity to donate to?

Herbert Hoover Foundation Inc has a Mission Score of 90/100. Revenue: $296K. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Herbert Hoover Foundation Inc?

The Employer Identification Number (EIN) for Herbert Hoover Foundation Inc is 136101789. 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 Herbert Hoover Foundation Inc spend its money?

Herbert Hoover Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Herbert Hoover Foundation Inc's tax-exempt status?

You can verify Herbert Hoover Foundation Inc's tax-exempt status using EIN 136101789 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 Herbert Hoover Foundation Inc. demonstrates a generally stable financial position with assets consistently around the $4-5 million mark, reaching $4,984,965 in the latest filing. Revenue has fluctuated significantly over the past decade, from a low of $92,005 in 2012 to a high of $648,019 in 2023, indicating reliance on variable funding sources. Expenses have remained relatively consistent, typically in the $200,000-$260,000 range, suggesting predictable operational costs. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances transparency and trust, as it suggests a volunteer-led or very lean administrative structure.

While the organization's revenue can be volatile, its ability to maintain a healthy asset base and control expenses points to sound financial management. The absence of officer compensation is a significant positive for spending efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is challenging. The consistent low liabilities also suggest good fiscal health and responsible management of obligations.

Overall, the Herbert Hoover Foundation Inc. appears to be a financially stable organization with a commendable approach to executive compensation. Its fluctuating revenue necessitates careful monitoring, but its consistent expense control and strong asset base provide a solid foundation. The lack of officer compensation is a key strength in terms of transparency and efficiency.

Is Herbert Hoover Foundation Inc Legit?

Verdict: Herbert Hoover Foundation Inc appears trustworthy

Red Flags

Strengths