Quick charity verification for Hyde Family Foundation (EIN: 201152959)
Verdict: Hyde Family Foundation shows mixed signals
65/100Mission Score
$389KRevenue
$1.5MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits: Expenses have frequently exceeded revenue, notably in 2023 ($179,574 expenses vs. $110,295 revenue) and 2022 ($194,516 expenses vs. $48,372 revenue).
Declining asset base: Total assets have decreased from $1,783,072 in 2014 to $1,379,472 in 2023, indicating a draw-down of principal.
Strengths
No officer compensation: The organization consistently reports 0% officer compensation, indicating efficient use of funds at the executive level.
Minimal liabilities: Liabilities are consistently reported as $1 across all filings, demonstrating excellent debt management.
Consistent filing history: The organization has a robust filing history with 10 filings, indicating good transparency and compliance.
Spending Breakdown
How Hyde Family Foundation 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 Hyde Family Foundation
Is Hyde Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hyde Family Foundation (EIN: 201152959) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Hyde Family Foundation a good charity to donate to?
Hyde Family Foundation has a Mission Score of 65/100. Revenue: $389K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hyde Family Foundation?
The Employer Identification Number (EIN) for Hyde Family Foundation is 201152959. 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 Hyde Family Foundation spend its money?
Hyde Family Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hyde Family Foundation's tax-exempt status?
You can verify Hyde Family Foundation's tax-exempt status using EIN 201152959 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 Hyde Family Foundation, with an EIN of 201152959, demonstrates consistent financial transparency through its regular IRS 990 filings. However, a notable trend in recent years is that expenses have frequently exceeded revenue. For instance, in 2023, expenses were $179,574 against revenues of $110,295, and in 2022, expenses were $194,516 against revenues of $48,372. This pattern of deficit spending has led to a gradual decline in assets from a peak of $1,783,072 in 2014 to $1,379,472 in 2023. While the organization maintains minimal liabilities ($1 across all reported periods), indicating good fiscal management in terms of debt, the long-term sustainability of its operations given the revenue-expense imbalance warrants attention.
The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent lack of reported officer compensation (0% in all filings) suggests that executive overhead is not a significant drain on resources. The NTEE code T22 indicates a focus on 'Private Grantmaking Foundations,' implying that a substantial portion of expenses should ideally be directed towards grants and program services. The declining asset base, despite low liabilities and no officer compensation, suggests that the foundation is drawing down its principal to cover operational costs and grantmaking, which is a common strategy for private foundations but needs to be managed carefully to ensure long-term impact.
Overall, the Hyde Family Foundation appears transparent in its reporting, but its financial health shows signs of strain due to persistent operating deficits. The lack of executive compensation is a positive indicator of resource allocation, but the declining asset base due to expenses consistently outpacing revenue is a key area for potential concern regarding its future capacity to fulfill its mission. Further analysis of the specific nature of its expenses would be beneficial to fully understand its spending efficiency.