Quick charity verification for Hoyt Foundation Inc (EIN: 222940515)
Verdict: Hoyt Foundation Inc shows mixed signals
65/100Mission Score
$923KRevenue
$989KAssets
4Red Flags
2Strengths
Red Flags
Total assets have consistently declined from $1,263,365 in 2017 to $902,144 in 2023.
Administrative expenses appear disproportionately high compared to program spending, with total expenses of $362,029 in 2023 and only 5% allocated to programs.
Revenue has been highly inconsistent, with a significant drop from $494,509 in 2016 to $95,211 in 2021, followed by a rebound to $357,230 in 2023, indicating potential instability.
The 'c0%' for compensation across all years suggests either volunteer leadership or a lack of detailed reporting on executive compensation, which warrants further investigation.
Strengths
The organization has maintained a consistent legal status and has been operating for several years, indicating longevity.
Despite financial fluctuations, the organization has managed to sustain operations and maintain some level of assets.
Spending Breakdown
How Hoyt Foundation Inc allocates its funds across programs, administration, and fundraising.
5%
Program Spending
Concerning — less than half to programs
90%
Admin Costs
High — over 25% on administration
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 Hoyt Foundation Inc
Is Hoyt Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoyt Foundation Inc (EIN: 222940515) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
Is Hoyt Foundation Inc a good charity to donate to?
Hoyt Foundation Inc has a Mission Score of 65/100. Revenue: $923K. Assets: $989K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hoyt Foundation Inc?
The Employer Identification Number (EIN) for Hoyt Foundation Inc is 222940515. 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 Inc spend its money?
Hoyt Foundation Inc allocates 5% to programs, 90% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hoyt Foundation Inc's tax-exempt status?
You can verify Hoyt Foundation Inc's tax-exempt status using EIN 222940515 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
Hoyt Foundation Inc is a human services nonprofit based in Sturbridge, Massachusetts, with reported revenue of $923K and assets of $989K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 5% of spending goes to programs, 90% to administration, and 5% to fundraising. Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no reported compensation for key employees, which could be a red flag for transparency or an indication of volunteer leadership. Revenue has grown +108% across 13 filing periods.