Quick charity verification for Holdeen Ten Funds 55 10 (EIN: 146018155)
Verdict: Holdeen Ten Funds 55 10 appears trustworthy
85/100Mission Score
$465KRevenue
$5.0MAssets
2Red Flags
4Strengths
Red Flags
Gradual decline in total assets over the past decade, from $5.7M to $5.1M.
Lack of detailed program spending breakdown makes it difficult to assess direct mission impact for a grantmaking foundation.
Strengths
Consistent reporting of 0% officer compensation, indicating potential for high resource efficiency.
Strong asset base of over $5 million, providing financial stability.
Consistently low to zero liabilities, demonstrating sound financial management.
Long filing history (10 filings) indicates consistent compliance and transparency.
Spending Breakdown
How Holdeen Ten Funds 55 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
0%
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 55 10
Is Holdeen Ten Funds 55 10 a legitimate charity?
Based on AI analysis of IRS 990 filings, Holdeen Ten Funds 55 10 (EIN: 146018155) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Holdeen Ten Funds 55 10 a good charity to donate to?
Holdeen Ten Funds 55 10 has a Mission Score of 85/100. Revenue: $465K. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Holdeen Ten Funds 55 10?
The Employer Identification Number (EIN) for Holdeen Ten Funds 55 10 is 146018155. 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 55 10 spend its money?
Holdeen Ten Funds 55 10 allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Holdeen Ten Funds 55 10's tax-exempt status?
You can verify Holdeen Ten Funds 55 10's tax-exempt status using EIN 146018155 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 55 10 demonstrates consistent financial stability with substantial assets relative to its annual revenue and expenses. The organization consistently reports minimal to no liabilities, indicating a strong balance sheet. Over the past five years, its revenue has fluctuated, ranging from $197,740 in 2023 to $521,919 in 2019, while expenses have generally remained within a similar range, suggesting a controlled spending approach. A key aspect of its financial health is the absence of officer compensation reported across all available filings, which can be a positive indicator of efficient resource allocation and a volunteer-driven leadership model, or it could imply that compensation is handled through other means not explicitly categorized as 'officer compensation' on the 990 form. The organization's assets have seen a gradual decline from $5,742,981 in 2011 to $5,154,509 in 2023, which warrants monitoring, though the current asset base of over $5 million still provides a significant buffer for its operations. The NTEE code T111 (Grantmaking Foundations) suggests its primary activity is distributing funds, which typically involves lower direct program expenses compared to service delivery organizations, making the interpretation of 'program spending' different.