Quick charity verification for Hookela Inc (EIN: 201485372)
Verdict: Hookela Inc has notable concerns
20/100Mission Score
$0Revenue
$0Assets
2Red Flags
1Strengths
Red Flags
No reported financial activity (revenue or assets)
Inability to assess program impact due to lack of data
Strengths
Basic compliance with IRS filing requirements (Form 990 submitted)
Spending Breakdown
How Hookela Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 Hookela Inc
Is Hookela Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hookela Inc (EIN: 201485372) has notable concerns. Mission Score: 20/100. 2 red flags identified, 1 strength noted.
Is Hookela Inc a good charity to donate to?
Hookela Inc has a Mission Score of 20/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hookela Inc?
The Employer Identification Number (EIN) for Hookela Inc is 201485372. 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 Hookela Inc spend its money?
Hookela Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hookela Inc's tax-exempt status?
You can verify Hookela Inc's tax-exempt status using EIN 201485372 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
Hookela Inc, with an EIN of 201485372, appears to be a newly formed or inactive organization based on its latest IRS 990 data. The filing indicates $0 in both revenue and assets, suggesting it has not yet commenced significant financial operations or has ceased activity. This lack of financial data makes it impossible to assess its financial health, spending efficiency, or transparency in a meaningful way. Without any reported income or expenditures, there are no financial activities to analyze for efficiency or program focus.
Given the absence of financial transactions, the organization's transparency can only be evaluated on its filing compliance. The submission of a 990, even with zero activity, indicates a basic level of compliance. However, the lack of operational data means there's no information to provide insight into how funds are managed or programs are delivered, which are key aspects of financial transparency for an active nonprofit. Further filings with financial activity would be necessary to provide a comprehensive assessment.