Quick charity verification for Hofstra University (EIN: 111630906)
Verdict: Hofstra University appears trustworthy
85/100Mission Score
$1.0BRevenue
$1.6BAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed officer compensation reporting in summary data (0% across all periods is atypical for an organization of this size).
Strengths
Consistent revenue growth, increasing from $491M in 2014 to $653M in 2023.
Strong asset growth, from $995M in 2014 to $1.47B in 2023, indicating financial stability.
Consistent operating surpluses, with revenue exceeding expenses in all reported periods (e.g., $653M revenue vs. $617M expenses in 2023).
Manageable liabilities relative to assets, contributing to a healthy balance sheet.
Spending Breakdown
How Hofstra University allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Hofstra University
Is Hofstra University a legitimate charity?
Based on AI analysis of IRS 990 filings, Hofstra University (EIN: 111630906) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Hofstra University a good charity to donate to?
Hofstra University has a Mission Score of 85/100. Revenue: $1.0B. Assets: $1.6B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hofstra University?
The Employer Identification Number (EIN) for Hofstra University is 111630906. 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 Hofstra University spend its money?
Hofstra University allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hofstra University's tax-exempt status?
You can verify Hofstra University's tax-exempt status using EIN 111630906 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
Hofstra University demonstrates consistent financial growth and a strong asset base, indicating robust financial health. Over the past decade, revenue has steadily increased from $491 million in 2014 to over $653 million in 2023, while assets have grown from $995 million to $1.47 billion in the same period. The organization consistently operates with a surplus, with expenses generally well below revenue, suggesting efficient management of resources. For instance, in 2023, revenue was $653,515,145 against expenses of $617,411,862, resulting in a healthy operating margin. This consistent surplus contributes to the growth in assets and provides financial stability for its educational mission.
While specific program, administrative, and fundraising spending percentages are not directly provided in the summary data, the overall financial picture suggests a well-managed institution. The significant scale of operations, with over a billion dollars in latest reported revenue and assets, points to a mature and established organization. The consistent growth in assets and revenue, coupled with manageable liabilities, indicates a sustainable financial model. The absence of reported officer compensation in the provided data for all periods is notable and suggests that executive compensation might be reported differently or is not a significant direct cost in the provided summary, which could be a positive indicator for transparency if compensation is reasonable and disclosed elsewhere.