Quick charity verification for Hoban Family Charitable Foundation (EIN: 205256729)
Verdict: Hoban Family Charitable Foundation appears trustworthy
80/100Mission Score
$496KRevenue
$2.3MAssets
2Red Flags
3Strengths
Red Flags
Consistent annual expenses exceeding revenue, potentially indicating reliance on asset drawdowns rather than sustainable income.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise spending efficiency analysis difficult.
Strengths
Consistent 0% officer compensation, indicating high volunteerism at the leadership level and efficient use of funds.
Stable asset base over a decade, suggesting prudent management of its endowment despite revenue deficits.
Consistent IRS 990 filing history, demonstrating good transparency and compliance.
Spending Breakdown
How Hoban Family Charitable Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
0%
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 Hoban Family Charitable Foundation
Is Hoban Family Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoban Family Charitable Foundation (EIN: 205256729) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
Is Hoban Family Charitable Foundation a good charity to donate to?
Hoban Family Charitable Foundation has a Mission Score of 80/100. Revenue: $496K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hoban Family Charitable Foundation?
The Employer Identification Number (EIN) for Hoban Family Charitable Foundation is 205256729. 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 Hoban Family Charitable Foundation spend its money?
Hoban Family Charitable Foundation allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hoban Family Charitable Foundation's tax-exempt status?
You can verify Hoban Family Charitable Foundation's tax-exempt status using EIN 205256729 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 Hoban Family Charitable Foundation appears to be a private foundation primarily focused on grantmaking, as indicated by its NTEE code T22 (Private Grantmaking Foundations). Its financial health shows a consistent pattern of expenses exceeding revenue in most recent years, such as in 2023 where expenses were $272,822 against revenues of $99,301, and in 2022 with expenses of $315,895 against revenues of $129,548. This suggests the foundation is primarily spending down its assets or relying on prior year contributions, rather than generating significant new revenue to cover annual expenditures. Despite this, its assets have remained relatively stable over the past decade, fluctuating around the $2.2 million to $2.5 million mark, with current assets at $2,266,446.
The organization demonstrates strong transparency by consistently filing its IRS Form 990s. A notable aspect of its spending efficiency is the reported 0% officer compensation across all available filings, indicating that executive leadership is not drawing a salary from the foundation. This suggests a high degree of volunteerism at the leadership level, which can contribute to more funds being available for programmatic activities. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. Given its nature as a private grantmaking foundation, a significant portion of its expenses would ideally be direct grants.