Is Holdeen Ten Funds 45 10 Legit?

Strengths

Zero officer compensation reported across all filings, indicating extremely low administrative overhead related to executive pay.
Consistent IRS 990 filings over a decade demonstrate strong transparency and accountability.
Minimal liabilities ($0 or $1) across all periods, indicating sound financial management and no significant debt.
NTEE code T111 (Grantmaking Foundations) suggests a clear programmatic focus on grant distribution.

Spending Breakdown

How Holdeen Ten Funds 45 10 allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

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 Ten Funds 45 10

Is Holdeen Ten Funds 45 10 a legitimate charity?

Based on AI analysis of IRS 990 filings, Holdeen Ten Funds 45 10 (EIN: 146018145) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Holdeen Ten Funds 45 10 a good charity to donate to?

Holdeen Ten Funds 45 10 has a Mission Score of 85/100. Revenue: $163K. Assets: $3.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Holdeen Ten Funds 45 10?

The Employer Identification Number (EIN) for Holdeen Ten Funds 45 10 is 146018145. 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 Ten Funds 45 10 spend its money?

Holdeen Ten Funds 45 10 allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Holdeen Ten Funds 45 10's tax-exempt status?

You can verify Holdeen Ten Funds 45 10's tax-exempt status using EIN 146018145 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

Holdeen Ten Funds 45 10 appears to be a grant-making organization, as indicated by its NTEE code T111 (Grantmaking Foundations). Its financial health shows a consistent pattern of expenses exceeding revenue in most recent years, such as in 2023 where expenses were $244,636 against revenue of $162,752, and in 2022 with expenses of $295,002 against revenue of $190,464. This trend suggests the organization is drawing down on its assets, which have decreased from $4,487,486 in 2011 to $3,934,339 in 2023. While this is not inherently negative for a foundation, it indicates a spending strategy that relies on its endowment rather than solely on annual income.

The organization demonstrates strong spending efficiency in terms of administrative and fundraising costs, as it reports 0% officer compensation across all available filings, implying very low overhead in these areas. This suggests that a significant portion of its expenditures is likely directed towards its programmatic goals, which for a grant-making foundation would be the grants themselves. The consistent reporting of minimal liabilities ($0 or $1) also points to sound financial management and a lack of significant debt.

Transparency is high given the consistent filing of IRS Form 990s over a decade, providing a clear historical financial picture. The absence of officer compensation also simplifies the analysis of potential conflicts of interest or excessive executive pay. However, without a detailed breakdown of expenses beyond the summary data, it's difficult to precisely determine the exact percentage allocated to program services versus other operational costs, though the NTEE code and lack of compensation suggest a strong program focus.

Verdict: Holdeen Ten Funds 45 10 appears trustworthy

Red Flags