Positive net income in the latest period ($154,480 revenue vs. $137,181 expenses in 202312).
Spending Breakdown
How High Aspirations Foundation Inc 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 High Aspirations Foundation Inc
Is High Aspirations Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, High Aspirations Foundation Inc (EIN: 141890863) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is High Aspirations Foundation Inc a good charity to donate to?
High Aspirations Foundation Inc has a Mission Score of 85/100. Revenue: $154K. Assets: $258K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for High Aspirations Foundation Inc?
The Employer Identification Number (EIN) for High Aspirations Foundation Inc is 141890863. 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 High Aspirations Foundation Inc spend its money?
High Aspirations Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify High Aspirations Foundation Inc's tax-exempt status?
You can verify High Aspirations Foundation Inc's tax-exempt status using EIN 141890863 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
High Aspirations Foundation Inc demonstrates a positive trend in financial growth and maintains a strong financial position. In the latest filing (202312), the organization reported revenue of $154,480 against expenses of $137,181, resulting in a surplus. This represents significant growth from its 202012 revenue of $10,736. The organization consistently reports zero liabilities across all available filings, indicating sound financial management and no outstanding debt. Its assets have also shown consistent growth, reaching $258,394 in 202312 from $127,643 in 201712.
The organization's transparency is commendable, particularly with its consistent reporting of 0% officer compensation across all filings. This suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive indicator for donor confidence. The NTEE code P30 (Youth Development, Services) suggests a clear program focus. Without detailed expense breakdowns beyond total expenses, it's challenging to fully assess spending efficiency between programs, administration, and fundraising, but the overall financial health appears robust with consistent asset growth and no liabilities.
While the overall financial health is strong, a more detailed breakdown of expenses would enhance transparency regarding how the $137,181 in expenses (202312) is allocated across its mission-related activities versus administrative overhead. However, the consistent asset growth and lack of liabilities are strong indicators of responsible financial stewardship.