Quick charity verification for Hess Foundation Inc (EIN: 221713046)
Verdict: Hess Foundation Inc appears trustworthy
85/100Mission Score
$53.7MRevenue
$219.2MAssets
3Red Flags
4Strengths
Red Flags
Lack of detailed program information and impact reporting on their public platforms.
Limited transparency regarding grantmaking processes and specific beneficiaries.
No clear public statement on investment portfolio or ethical investment policies.
Strengths
Consistently high program spending relative to administrative and fundraising costs (e.g., 90% in 2023).
Significant and consistent growth in assets, from $98.9 million in 2019 to $219.2 million in 2023, indicating strong financial management.
Substantial revenue generation, with over $50 million in revenue in 2022 and 2023, supporting their philanthropic activities.
Low liabilities relative to assets, suggesting a healthy financial position (e.g., $93 million in liabilities vs. $211 million in assets in 2023, but much lower in prior years).
AI Transparency Report
Hess Foundation Inc is a unknown nonprofit based in Parsippany, New Jersey, with reported revenue of $53.7M and assets of $219.2M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. Executive compensation is not disclosed in the provided data, which is a common characteristic of private foundations that are not required to report individual salaries on public filings. Revenue has declined -50% across 10 filing periods.