Is Hometown Foundation Inc Legit?

Strengths

Consistent revenue growth, increasing from $1,551,798 in 2014 to $4,447,184 in 2023.
Strong asset accumulation, growing from $1,001,665 in 2014 to $5,511,203 in 2023.
0% reported officer compensation across all filings, suggesting high efficiency in directing funds to mission.
Healthy financial stability with liabilities remaining relatively stable despite significant growth in assets.
Consistent IRS 990 filing history over 13 periods, indicating good compliance and transparency.

Spending Breakdown

How Hometown Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

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 Hometown Foundation Inc

Is Hometown Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Hometown Foundation Inc (EIN: 200847683) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Hometown Foundation Inc a good charity to donate to?

Hometown Foundation Inc has a Mission Score of 92/100. Revenue: $6.4M. Assets: $7.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hometown Foundation Inc?

The Employer Identification Number (EIN) for Hometown Foundation Inc is 200847683. 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 Hometown Foundation Inc spend its money?

Hometown Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hometown Foundation Inc's tax-exempt status?

You can verify Hometown Foundation Inc's tax-exempt status using EIN 200847683 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

Hometown Foundation Inc demonstrates consistent financial growth, with revenue increasing from $1,551,798 in 2014 to $4,447,184 in 2023. The organization maintains a healthy asset base, growing from $1,001,665 to $5,511,203 over the same period, indicating strong financial stability. Their liabilities have remained relatively stable, suggesting responsible financial management.

The organization's spending efficiency appears strong, as evidenced by the consistent growth in net assets (Assets minus Liabilities). For instance, in 2023, assets were $5,511,203 against liabilities of $919,379, resulting in substantial net assets. A key indicator of their commitment to mission is the reported 0% officer compensation across all available filings, which suggests that leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, potentially allowing more funds to be directed towards programs. This also contributes positively to their transparency.

While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the consistent growth in net assets and the absence of reported officer compensation suggest a financially sound and mission-focused operation. The organization's consistent filing history over 13 periods further indicates a commitment to regulatory compliance and transparency.

Verdict: Hometown Foundation Inc appears trustworthy