Quick charity verification for Howard Hoffman And Sons Foundation Inc (EIN: 200089283)
Verdict: Howard Hoffman And Sons Foundation Inc shows mixed signals
45/100Mission Score
$407KRevenue
$55KAssets
4Red Flags
2Strengths
Red Flags
Negative assets reported in 2023 ($-36,944), indicating severe financial distress.
Consistent and significant operating deficits in recent years (e.g., 2023: $187,300 revenue vs. $527,102 expenses; 2022: $127,701 revenue vs. $872,607 expenses).
Highly volatile revenue streams, making financial planning and sustainability challenging.
Lack of detailed expense breakdown in provided data makes it difficult to fully assess spending efficiency.
Strengths
Consistently reports 0% officer compensation, indicating no executive salaries are paid.
Demonstrated ability to generate substantial revenue in some years (e.g., $1,766,499 in 2021).
Spending Breakdown
How Howard Hoffman And Sons Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Howard Hoffman And Sons Foundation Inc
Is Howard Hoffman And Sons Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Howard Hoffman And Sons Foundation Inc (EIN: 200089283) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Howard Hoffman And Sons Foundation Inc a good charity to donate to?
Howard Hoffman And Sons Foundation Inc has a Mission Score of 45/100. Revenue: $407K. Assets: $55K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Howard Hoffman And Sons Foundation Inc?
The Employer Identification Number (EIN) for Howard Hoffman And Sons Foundation Inc is 200089283. 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 Howard Hoffman And Sons Foundation Inc spend its money?
Howard Hoffman And Sons Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Howard Hoffman And Sons Foundation Inc's tax-exempt status?
You can verify Howard Hoffman And Sons Foundation Inc's tax-exempt status using EIN 200089283 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 Howard Hoffman And Sons Foundation Inc exhibits inconsistent financial performance and concerning asset trends. In 2023, the organization reported revenue of $187,300 against expenses of $527,102, resulting in a significant deficit and negative assets of $-36,944. This follows a similar pattern in 2022 where expenses ($872,607) far exceeded revenue ($127,701). While there was a strong revenue year in 2021 ($1,766,499), the subsequent years show a struggle to maintain financial stability. The organization consistently reports $0 in officer compensation, which can be a positive indicator of resource allocation to programs, but the overall financial health is undermined by the recurring deficits and fluctuating asset base. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging beyond the high-level revenue-to-expense ratio.