Quick charity verification for Honey Hollow Foundation Inc (EIN: 201266294)
Verdict: Honey Hollow Foundation Inc shows mixed signals
65/100Mission Score
$942KRevenue
$5.0MAssets
3Red Flags
3Strengths
Red Flags
Extreme revenue volatility, with 2023 revenue ($9,588) being significantly lower than expenses ($314,643).
Consistent reporting of $1 in liabilities across all filings, which is an unusual financial reporting anomaly.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a full assessment of spending efficiency.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds by not paying executive salaries.
Significant growth in assets from $913,659 in 2011 to over $5 million in recent years, demonstrating strong financial stewardship and asset accumulation.
Long filing history (10 filings), indicating consistent compliance with IRS reporting requirements.
Spending Breakdown
How Honey Hollow Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Honey Hollow Foundation Inc
Is Honey Hollow Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Honey Hollow Foundation Inc (EIN: 201266294) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Honey Hollow Foundation Inc a good charity to donate to?
Honey Hollow Foundation Inc has a Mission Score of 65/100. Revenue: $942K. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Honey Hollow Foundation Inc?
The Employer Identification Number (EIN) for Honey Hollow Foundation Inc is 201266294. 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 Honey Hollow Foundation Inc spend its money?
Honey Hollow Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Honey Hollow Foundation Inc's tax-exempt status?
You can verify Honey Hollow Foundation Inc's tax-exempt status using EIN 201266294 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 Honey Hollow Foundation Inc. exhibits a fluctuating financial profile, with significant swings in revenue and expenses over the past few years. For instance, revenue plummeted from $3,839,259 in 2021 to $811,371 in 2022, and further to a mere $9,588 in 2023, while expenses remained relatively high at $314,643 in 2023. This suggests a potential reliance on investment income or large, infrequent donations rather than consistent operational revenue. The organization consistently reports $1 in liabilities across all filings, which is unusual and could indicate a simplified reporting approach or a lack of significant debt, but warrants further investigation into its financial structure.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the substantial expenses relative to the very low revenue in 2023 ($314,643 in expenses vs. $9,588 in revenue) raise concerns about sustainability and the source of funding for operations. The organization's assets have grown significantly over the years, from $913,659 in 2011 to over $5 million in recent periods, indicating successful asset accumulation, likely through investments or large capital contributions.
Transparency regarding executive compensation is high, as the organization consistently reports 0% officer compensation across all filings. This suggests a volunteer-led or externally managed structure, which can be a positive indicator of resource allocation directly to mission. However, the lack of detailed expense categories beyond total expenses limits a comprehensive understanding of how funds are truly being utilized, making it challenging to fully evaluate spending efficiency and program impact.