Quick charity verification for Hires Family Resources Inc (EIN: 10613834)
Verdict: Hires Family Resources Inc appears trustworthy
85/100Mission Score
$281KRevenue
$4KAssets
2Red Flags
4Strengths
Red Flags
Consistent expenses exceeding revenue in recent years (e.g., 2023, 2022, 2016, 2015, 2014) could indicate reliance on prior reserves or short-term funding gaps.
Very low asset base relative to annual revenue, which could limit resilience during unexpected financial challenges.
Strengths
Zero reported officer compensation across all filings, indicating a strong commitment to minimizing administrative overhead and maximizing program funding.
Consistent filing history (13 filings) demonstrates good transparency and compliance with IRS regulations.
Generally low liabilities, indicating responsible financial management, with a notable recovery from a 2020 spike.
Stable revenue stream over the past decade, suggesting consistent donor or grant support.
Spending Breakdown
How Hires Family Resources 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
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 Hires Family Resources Inc
Is Hires Family Resources Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hires Family Resources Inc (EIN: 10613834) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Hires Family Resources Inc a good charity to donate to?
Hires Family Resources Inc has a Mission Score of 85/100. Revenue: $281K. Assets: $4K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hires Family Resources Inc?
The Employer Identification Number (EIN) for Hires Family Resources Inc is 10613834. 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 Hires Family Resources Inc spend its money?
Hires Family Resources Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hires Family Resources Inc's tax-exempt status?
You can verify Hires Family Resources Inc's tax-exempt status using EIN 10613834 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
Hires Family Resources Inc. demonstrates consistent operational activity with revenues generally ranging between $300,000 and $400,000 over the past decade. The organization's financial health appears stable, though it operates with relatively low asset levels compared to its annual revenue, suggesting a lean operational model. For instance, in 2023, assets were $10,247 against revenues of $379,504. The organization consistently spends close to its revenue, sometimes exceeding it slightly, as seen in 2023 where expenses ($396,245) surpassed revenue ($379,504), indicating a tight budget.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent zero officer compensation reported across all filings suggests a high degree of volunteer leadership or very modest compensation for key personnel, which can be a positive indicator of resource allocation towards mission. The organization's liabilities have generally been low, though there was a notable increase in 2020 to $49,063, which then significantly decreased in subsequent years, indicating effective management of debt.
Transparency is good in terms of consistent filing of IRS Form 990s. The absence of officer compensation is a key transparent fact. However, without more detailed expense breakdowns (e.g., program vs. administrative vs. fundraising costs), a complete picture of spending efficiency remains somewhat obscured. The organization's small asset base and consistent operational scale suggest a focus on direct service delivery rather than accumulating significant reserves.