Quick charity verification for Hoenes Foundation Inc (EIN: 200878440)
Verdict: Hoenes Foundation Inc appears trustworthy
90/100Mission Score
$187KRevenue
$258KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high resource allocation to mission.
Strong and consistent asset growth from $5,838 in 2011 to $250,184 in 2023.
Minimal liabilities ($1 in recent years), demonstrating sound financial management.
Steady increase in revenue, from $1,000 in 2011 to $177,946 in 2023, showing organizational growth.
Consistent IRS 990 filing history over a decade, indicating transparency and compliance.
Spending Breakdown
How Hoenes Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Hoenes Foundation Inc
Is Hoenes Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoenes Foundation Inc (EIN: 200878440) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Hoenes Foundation Inc a good charity to donate to?
Hoenes Foundation Inc has a Mission Score of 90/100. Revenue: $187K. Assets: $258K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hoenes Foundation Inc?
The Employer Identification Number (EIN) for Hoenes Foundation Inc is 200878440. 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 Hoenes Foundation Inc spend its money?
Hoenes Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hoenes Foundation Inc's tax-exempt status?
You can verify Hoenes Foundation Inc's tax-exempt status using EIN 200878440 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 Hoenes Foundation Inc demonstrates consistent financial health with a steady increase in revenue and assets over the past decade. In the latest filing (202312), the organization reported revenues of $177,946 against expenses of $177,200, indicating a balanced budget with a slight surplus. The foundation's assets have grown significantly from $5,838 in 2011 to $250,184 in 2023, showcasing effective asset management and growth. The organization's spending efficiency appears high, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting that resources are primarily directed towards its mission rather than administrative overhead for executive salaries.
While specific program spending details are not provided in the summary data, the minimal liabilities ($1 in recent years) and the absence of officer compensation are strong indicators of financial prudence and a focus on mission-related activities. The consistent filing of IRS Form 990s over a decade also points to a commitment to transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is limited. The overall trend suggests a well-managed and financially stable small foundation.