Quick charity verification for Hoffman Center (EIN: 201691293)
Verdict: Hoffman Center appears trustworthy
95/100Mission Score
$413KRevenue
$1.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $89,257 in 2015 to $409,001 in 2023.
Strong asset growth, reaching $1,342,784 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency.
Very low liabilities, with only $491 reported in 2023, demonstrating fiscal prudence.
Healthy operating surplus in recent years (e.g., $409,001 revenue vs. $329,517 expenses in 2023).
Spending Breakdown
How Hoffman Center allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Hoffman Center
Is Hoffman Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoffman Center (EIN: 201691293) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Hoffman Center a good charity to donate to?
Hoffman Center has a Mission Score of 95/100. Revenue: $413K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hoffman Center?
The Employer Identification Number (EIN) for Hoffman Center is 201691293. 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 Hoffman Center spend its money?
Hoffman Center allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hoffman Center's tax-exempt status?
You can verify Hoffman Center's tax-exempt status using EIN 201691293 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 Hoffman Center demonstrates strong financial health and a commendable commitment to its mission, as evidenced by its consistent growth in revenue and assets over the past decade. In the latest filing period (202312), the organization reported revenue of $409,001 against expenses of $329,517, indicating a healthy operating surplus. Its assets have steadily increased from $945,616 in 2015 to $1,342,784 in 2023, showcasing effective asset management and financial stability. The organization's liabilities are consistently low, with only $491 reported in 2023, which is a strong indicator of fiscal prudence.
The Hoffman Center appears to be highly efficient in its spending, with a significant portion of its expenses likely directed towards program services, given the absence of reported officer compensation and relatively low liabilities. The consistent growth in revenue, from $89,257 in 2015 to over $400,000 in 2023, suggests increasing community support and successful fundraising efforts. The lack of reported officer compensation across all filings further enhances its transparency and indicates that resources are being prioritized for the organization's mission rather than executive salaries.
Overall, the Hoffman Center exhibits robust financial management, a clear focus on its programmatic goals, and a high degree of transparency, particularly through its consistent reporting and the absence of executive compensation. Its financial trajectory suggests a well-managed and impactful nonprofit.