Is Holdeen Fund 50 10 Legit?

Strengths

Consistently reports 0% officer compensation, indicating high efficiency.
Substantial and growing asset base ($3,536,771 latest, $3,605,706 in 2023) provides long-term financial stability.
Low liabilities (consistently $1 or $0) indicate strong financial management and minimal debt.
Stable expense levels despite fluctuating revenues suggest prudent financial planning and reliance on endowment.

Spending Breakdown

How Holdeen Fund 50 10 allocates its funds across programs, administration, and fundraising.

90%

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 Holdeen Fund 50 10

Is Holdeen Fund 50 10 a legitimate charity?

Based on AI analysis of IRS 990 filings, Holdeen Fund 50 10 (EIN: 146018148) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.

Is Holdeen Fund 50 10 a good charity to donate to?

Holdeen Fund 50 10 has a Mission Score of 95/100. Revenue: $152K. Assets: $3.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Holdeen Fund 50 10?

The Employer Identification Number (EIN) for Holdeen Fund 50 10 is 146018148. 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 Holdeen Fund 50 10 spend its money?

Holdeen Fund 50 10 allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Holdeen Fund 50 10's tax-exempt status?

You can verify Holdeen Fund 50 10's tax-exempt status using EIN 146018148 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 Holdeen Fund 50 10 demonstrates consistent financial stability with substantial assets relative to its annual revenue and expenses. With assets of $3,536,771 and latest reported revenue of $151,580, the organization appears to be well-endowed, suggesting a focus on long-term grantmaking or investment rather than direct service delivery funded by annual donations. The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of efficient use of funds and a volunteer-driven leadership model, enhancing its transparency and public trust.

Spending efficiency is high, as evidenced by the consistent reporting of zero officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of executive salaries suggests that a significant portion of its operational budget, beyond direct grants, is likely directed towards administrative functions necessary for managing its endowment and grant distribution. The organization's revenue has fluctuated, notably a spike to $1,902,786 in 2021, which could indicate a large one-time donation or investment gain, but expenses have remained relatively stable, indicating prudent financial management.

Overall, the Holdeen Fund 50 10 appears to be a financially healthy and transparent organization, particularly due to its substantial asset base and the complete absence of executive compensation. Its consistent financial reporting and stable expense levels, even amidst fluctuating revenues, point to a well-managed entity focused on its mission, likely through grantmaking given its NTEE code (T111 - Grantmaking Foundations).

Verdict: Holdeen Fund 50 10 appears trustworthy