Is Hope For Henry Foundation Legit?

Quick charity verification for Hope For Henry Foundation (EIN: 200244173)

Verdict: Hope For Henry Foundation appears trustworthy

85/100Mission Score

$1.6MRevenue

$1.0MAssets

2Red Flags

4Strengths

Red Flags

Expenses exceeded revenue in the last two reported periods (2022 and 2023), indicating operating deficits.
A decline in total assets from $2,134,104 in 2022 to $1,587,741 in 2023, potentially due to covering operating shortfalls.

Strengths

Consistent history of IRS 990 filings, demonstrating transparency.
No reported officer compensation across all filings, indicating efficient use of funds for mission.
Significant growth in assets over the long term, from $247,434 in 2014 to $1,587,741 in 2023.
Strong program spending focus, as implied by the high mission score and typical nonprofit efficiency benchmarks.

Spending Breakdown

How Hope For Henry 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

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 Hope For Henry Foundation

Is Hope For Henry Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Hope For Henry Foundation (EIN: 200244173) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Hope For Henry Foundation a good charity to donate to?

Hope For Henry Foundation has a Mission Score of 85/100. Revenue: $1.6M. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hope For Henry Foundation?

The Employer Identification Number (EIN) for Hope For Henry Foundation is 200244173. 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 Hope For Henry Foundation spend its money?

Hope For Henry Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hope For Henry Foundation's tax-exempt status?

You can verify Hope For Henry Foundation's tax-exempt status using EIN 200244173 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

Hope For Henry Foundation demonstrates a generally stable financial history, with revenues consistently in the range of $1.4M to $1.8M over the past several years, though the most recent two periods (2022 and 2023) show expenses exceeding revenue, leading to a decrease in net assets. For instance, in 2023, expenses were $2,157,035 against revenues of $1,660,379, and in 2022, expenses were $1,737,761 against revenues of $1,677,257. This trend warrants close monitoring to ensure long-term sustainability. The organization's assets have grown significantly over time, from $247,434 in 2014 to $1,587,741 in 2023, indicating a healthy accumulation of resources, although the recent decline from a peak of $2,134,104 in 2022 to $1,587,741 in 2023 is notable.

The foundation's spending efficiency appears to be strong in terms of program focus, as indicated by the high program spending ratio. However, the recent operating deficits suggest that current spending levels may not be sustainable without increased revenue or cost adjustments. Transparency is bolstered by the consistent filing of IRS Form 990s, which are publicly available and show no reported officer compensation, a positive indicator for donor trust. The organization's liabilities have fluctuated but remain a relatively small portion of total assets, suggesting good financial management in this area.

Overall, Hope For Henry Foundation exhibits a commitment to its mission through substantial program spending and a history of asset growth. However, the recent trend of expenses exceeding revenue requires attention to maintain financial health and ensure the continued delivery of its programs. The absence of officer compensation is a significant positive for transparency and donor confidence.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.