Quick charity verification for Honey Perkins Family Foundation (EIN: 208042305)
Verdict: Honey Perkins Family Foundation appears trustworthy
75/100Mission Score
$369KRevenue
$791KAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits where expenses frequently exceed revenue (e.g., 2023: $56,016 expenses vs. $52,492 revenue; 2022: $63,878 expenses vs. $29,461 revenue).
Highly variable and unpredictable revenue streams across reporting periods.
Strengths
Zero officer compensation reported across all filings, indicating strong commitment to mission spending.
Strong asset base ($791,332) providing financial stability despite operational deficits.
Consistent and transparent IRS 990 filing history over a long period (10 filings).
Spending Breakdown
How Honey Perkins Family Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Perkins Family Foundation
Is Honey Perkins Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Honey Perkins Family Foundation (EIN: 208042305) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Honey Perkins Family Foundation a good charity to donate to?
Honey Perkins Family Foundation has a Mission Score of 75/100. Revenue: $369K. Assets: $791K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Honey Perkins Family Foundation?
The Employer Identification Number (EIN) for Honey Perkins Family Foundation is 208042305. 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 Perkins Family Foundation spend its money?
Honey Perkins Family Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Honey Perkins Family Foundation's tax-exempt status?
You can verify Honey Perkins Family Foundation's tax-exempt status using EIN 208042305 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 Perkins Family Foundation demonstrates consistent financial stability with assets of $791,332 and minimal liabilities, typically $1. However, its operational efficiency shows some variability. In 2023, expenses ($56,016) exceeded revenue ($52,492), indicating a deficit for that period. This trend of expenses often surpassing revenue is observed in several years, such as 2022 ($63,878 expenses vs. $29,461 revenue) and 2020 ($53,069 expenses vs. $20,697 revenue). The organization's reliance on its asset base to cover these deficits suggests a need for more consistent revenue generation or tighter expense management to ensure long-term sustainability without drawing down its principal. The consistent reporting of zero officer compensation across all filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, enhancing its transparency and public trust.