Is Hoffman Institute Supportingfoundation…

Quick charity verification for Hoffman Institute Supportingfoundation (EIN: 204801174)

Strengths

Strong financial surpluses in recent years, with revenue significantly exceeding expenses (e.g., $4,538,188 revenue vs. $1,103,874 expenses in 202312).
Substantial growth in assets, reaching $23,242,792 in 202312, indicating effective asset management or significant contributions.
Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
Low expense ratio relative to revenue in recent periods, suggesting efficient use of funds for its operational model.

Spending Breakdown

How Hoffman Institute Supportingfoundation allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Institute Supportingfoundation

Is Hoffman Institute Supportingfoundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Hoffman Institute Supportingfoundation (EIN: 204801174) appears trustworthy. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.

Is Hoffman Institute Supportingfoundation a good charity to donate to?

Hoffman Institute Supportingfoundation has a Mission Score of 80/100. Revenue: $26.5M. Assets: $20.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hoffman Institute Supportingfoundation?

The Employer Identification Number (EIN) for Hoffman Institute Supportingfoundation is 204801174. 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 Institute Supportingfoundation spend its money?

Hoffman Institute Supportingfoundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hoffman Institute Supportingfoundation's tax-exempt status?

You can verify Hoffman Institute Supportingfoundation's tax-exempt status using EIN 204801174 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 Institute Supportingfoundation demonstrates a unique financial profile, characterized by significant fluctuations in revenue and expenses over its filing history. In the most recent period (202312), the organization reported revenue of $4,538,188 against expenses of $1,103,874, indicating a substantial surplus. This trend of revenue significantly exceeding expenses is consistent across recent years, such as 202212 (revenue $16,213, expenses $801,304) and 202112 (revenue $6,921,250, expenses $1,043,861). The organization's assets have grown considerably, reaching $23,242,792 in 202312, up from $8,707,401 in 202012, suggesting effective asset management or significant contributions.

Spending efficiency appears strong, with expenses consistently being a small fraction of revenue in recent years. For instance, in 202312, expenses were only about 24% of revenue. However, the lack of reported officer compensation across all filings, while potentially indicating volunteer leadership, could also raise questions about the full scope of operational costs if key personnel are compensated through other means or related entities. The NTEE code H11 suggests it is a supporting organization, which often means it primarily supports another entity, influencing its direct program spending.

Transparency is generally good through its consistent 990 filings. However, the significant liabilities reported in some years ($10,042,600 in 202212 and $10,000,000 in 202112) warrant further investigation to understand their nature and impact on the organization's long-term financial stability, especially given the subsequent reduction to $6,008,779 in 202312. The dramatic shifts in revenue and assets, particularly the jump from $1 in assets for several years to millions, suggest a significant change in operational model or funding structure around 2019-2020.

Is Hoffman Institute Supportingfoundation Legit?

Verdict: Hoffman Institute Supportingfoundation appears trustworthy

Red Flags