Is Hungarian American Enterprise Scholarship Fund Legit?
Quick charity verification for Hungarian American Enterprise Scholarship Fund (EIN: 200490204)
Verdict: Hungarian American Enterprise Scholarship Fund has notable concerns
10/100Mission Score
$1Revenue
$1.4MAssets
5Red Flags
2Strengths
Red Flags
Revenue has plummeted to $1 in the latest period, indicating a near-complete cessation of income.
Consistent and significant deficit spending, with expenses far exceeding revenue for many years.
Assets have declined by over 80% from $8.4 million in 2011 to $1.3 million currently, suggesting asset depletion.
Lack of clear program spending in recent years, with expenses likely administrative or related to asset management.
Unsustainable financial model, relying on asset drawdown to cover minimal expenses.
Strengths
Zero officer compensation reported across all filings, indicating no personal financial benefit to leadership.
Consistent filing of IRS 990 forms, maintaining transparency in reporting, despite financial challenges.
Spending Breakdown
How Hungarian American Enterprise Scholarship Fund allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 Hungarian American Enterprise Scholarship Fund
Is Hungarian American Enterprise Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Hungarian American Enterprise Scholarship Fund (EIN: 200490204) has notable concerns. Mission Score: 10/100. 5 red flags identified, 2 strengths noted.
Is Hungarian American Enterprise Scholarship Fund a good charity to donate to?
Hungarian American Enterprise Scholarship Fund has a Mission Score of 10/100. Revenue: $1. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hungarian American Enterprise Scholarship Fund?
The Employer Identification Number (EIN) for Hungarian American Enterprise Scholarship Fund is 200490204. 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 Hungarian American Enterprise Scholarship Fund spend its money?
Hungarian American Enterprise Scholarship Fund allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hungarian American Enterprise Scholarship Fund's tax-exempt status?
You can verify Hungarian American Enterprise Scholarship Fund's tax-exempt status using EIN 200490204 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 Hungarian American Enterprise Scholarship Fund appears to be in a state of significant decline, as evidenced by its financial filings. Revenue has plummeted from over $3 million in 2011 to just $1 in the latest period, while expenses, though also decreasing, still significantly outstrip income. For example, in 2023, the organization reported $29 in revenue against $7,909 in expenses. This consistent deficit spending, coupled with a drastic reduction in assets from over $8.4 million in 2011 to $1.3 million currently, raises serious concerns about its long-term viability and ability to fulfill its mission. The organization's financial health is extremely poor, with minimal incoming funds and ongoing expenses. Spending efficiency is difficult to assess without a detailed breakdown of program vs. administrative costs, but the overall financial trend is unsustainable. Transparency appears adequate in terms of filing 990s, but the financial data itself paints a concerning picture.