Quick charity verification for Horne Family Charitable Foundation (EIN: 202017251)
Verdict: Horne Family Charitable Foundation appears trustworthy
85/100Mission Score
$246KRevenue
$261KAssets
1Red Flags
3Strengths
Red Flags
Consistent decline in total assets over the past decade, from $701,199 in 2011 to $261,460 in 2020, suggesting reliance on principal for operations.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
Minimal liabilities, consistently reported at $1 or $0, demonstrating strong financial management.
Consistent filing of IRS Form 990s, indicating good transparency.
Spending Breakdown
How Horne Family Charitable Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Horne Family Charitable Foundation
Is Horne Family Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Horne Family Charitable Foundation (EIN: 202017251) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Horne Family Charitable Foundation a good charity to donate to?
Horne Family Charitable Foundation has a Mission Score of 85/100. Revenue: $246K. Assets: $261K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Horne Family Charitable Foundation?
The Employer Identification Number (EIN) for Horne Family Charitable Foundation is 202017251. 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 Horne Family Charitable Foundation spend its money?
Horne Family Charitable Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Horne Family Charitable Foundation's tax-exempt status?
You can verify Horne Family Charitable Foundation's tax-exempt status using EIN 202017251 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 Horne Family Charitable Foundation appears to be a small, family-run foundation with a consistent history of grantmaking. While its revenue has fluctuated, with the latest reported revenue at $245,794, its expenses have often exceeded revenue in past periods, such as in 2020 where expenses were $179,993 against $113,875 in revenue. This suggests it may be drawing from its asset base to fund its activities, which has seen a decline from $701,199 in 2011 to $261,460 in 2020. The organization consistently reports zero officer compensation, which is a positive indicator of efficiency and dedication to its mission, as administrative costs are likely kept low.
The foundation's financial health, while stable in terms of asset base, shows a trend of declining assets over the past decade. However, its liabilities have remained minimal, consistently reported at $1 or $0, indicating good fiscal management in terms of debt. The lack of officer compensation enhances its spending efficiency, as more funds are available for programmatic activities. Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of no executive compensation.