Is Holt Elwell Memorial Foundation Legit? —…

Quick charity verification for Holt Elwell Memorial Foundation (EIN: 20261932)

Strengths

Consistent asset growth, nearly doubling from $2.8M in 2014 to $5.6M in 2023.
Zero officer compensation reported across all available filings, indicating highly efficient use of funds.
Expenses consistently lower than revenue, leading to healthy surpluses and financial stability.
Low liabilities relative to assets, demonstrating strong financial health.
Consistent IRS 990 filing history over 13 periods, indicating strong transparency and compliance.

Spending Breakdown

How Holt Elwell Memorial Foundation 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 Holt Elwell Memorial Foundation

Is Holt Elwell Memorial Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Holt Elwell Memorial Foundation (EIN: 20261932) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Holt Elwell Memorial Foundation a good charity to donate to?

Holt Elwell Memorial Foundation has a Mission Score of 95/100. Revenue: $3.7M. Assets: $7.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Holt Elwell Memorial Foundation?

The Employer Identification Number (EIN) for Holt Elwell Memorial Foundation is 20261932. 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 Holt Elwell Memorial Foundation spend its money?

Holt Elwell Memorial Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Holt Elwell Memorial Foundation's tax-exempt status?

You can verify Holt Elwell Memorial Foundation's tax-exempt status using EIN 20261932 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 Holt Elwell Memorial Foundation demonstrates a strong financial position with consistent asset growth over the past decade, reaching $5,632,141 in 2023. The organization consistently reports zero officer compensation, indicating a volunteer-led or very lean executive structure, which is a positive sign for donor confidence and efficient use of funds. Their revenue has fluctuated, with a notable peak of $2,777,734 in 2021 and $2,204,006 in 2023, suggesting a reliance on varying funding sources or market performance impacting investment income. The foundation's liabilities are relatively low compared to its assets, indicating good financial stability.

Spending efficiency appears robust, with expenses generally well below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $1,566,175 against revenue of $2,204,006, resulting in a significant surplus. While specific program spending percentages are not provided in the raw data, the absence of officer compensation and the consistent growth in assets suggest that a substantial portion of funds is likely directed towards their mission or reinvested to support future programs. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency.

Is Holt Elwell Memorial Foundation Legit?

Verdict: Holt Elwell Memorial Foundation appears trustworthy