Quick charity verification for Hoyt Foundation 122297 (EIN: 137125483)
Verdict: Hoyt Foundation 122297 shows mixed signals
45/100Mission Score
$3KRevenue
$72KAssets
4Red Flags
2Strengths
Red Flags
Consistent and significant net losses, with expenses frequently far exceeding revenue (e.g., $57,601 expenses vs. $6,706 revenue in 2020).
Dramatic decline in assets from $438,041 in 2011 to $71,695 in 2023, indicating unsustainable operations.
Highly volatile and generally low revenue streams, making financial planning challenging.
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided summary data, hindering efficiency assessment.
Strengths
Zero officer compensation reported across all filings, indicating resources are not used for executive salaries.
Consistently low liabilities ($1), suggesting good debt management.
Spending Breakdown
How Hoyt Foundation 122297 allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Hoyt Foundation 122297
Is Hoyt Foundation 122297 a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoyt Foundation 122297 (EIN: 137125483) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Hoyt Foundation 122297 a good charity to donate to?
Hoyt Foundation 122297 has a Mission Score of 45/100. Revenue: $3K. Assets: $72K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hoyt Foundation 122297?
The Employer Identification Number (EIN) for Hoyt Foundation 122297 is 137125483. 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 Hoyt Foundation 122297 spend its money?
Hoyt Foundation 122297 allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hoyt Foundation 122297's tax-exempt status?
You can verify Hoyt Foundation 122297's tax-exempt status using EIN 137125483 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 Hoyt Foundation exhibits a concerning trend of declining financial health over the past decade. While the organization consistently reports minimal liabilities ($1), its assets have plummeted from $438,041 in 2011 to $71,695 currently, indicating a significant depletion of its financial reserves. Revenue has been highly volatile and generally insufficient to cover expenses, leading to consistent net losses in most years, such as a $1,006 deficit in 2023 ($3,254 revenue vs. $4,260 expenses) and a $3,402 deficit in 2022 ($871 revenue vs. $4,273 expenses). This pattern suggests an unsustainable operational model.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent and significant gap between revenue and expenses, particularly in years like 2020 and 2019 where expenses exceeded $57,000 while revenue was below $10,000, points to potential inefficiencies or a reliance on drawing down assets. The organization's transparency regarding executive compensation is excellent, reporting 0% officer compensation across all filings, which is a positive indicator of resource allocation directly to the mission rather than high salaries. However, the overall financial instability raises questions about its long-term viability and impact.