Quick charity verification for Hymowitz Family Foundation Tr (EIN: 134089721)
Verdict: Hymowitz Family Foundation Tr appears trustworthy
75/100Mission Score
$2.1MRevenue
$1.7MAssets
2Red Flags
3Strengths
Red Flags
Highly volatile revenue and expense figures across reporting periods, making financial predictability challenging.
Significant drop in assets from $184,733 in 202006 to $14,408 in 202206, followed by a substantial increase to $1,044,294 in 202306, indicating potential instability or major financial events.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds without executive salary burdens.
Strong asset growth in the latest reporting period (202306) to over $1 million, suggesting renewed financial health.
Minimal to no reported liabilities across most filing periods, indicating a strong balance sheet.
Spending Breakdown
How Hymowitz Family Foundation Tr allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
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 Hymowitz Family Foundation Tr
Is Hymowitz Family Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Hymowitz Family Foundation Tr (EIN: 134089721) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Hymowitz Family Foundation Tr a good charity to donate to?
Hymowitz Family Foundation Tr has a Mission Score of 75/100. Revenue: $2.1M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hymowitz Family Foundation Tr?
The Employer Identification Number (EIN) for Hymowitz Family Foundation Tr is 134089721. 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 Hymowitz Family Foundation Tr spend its money?
Hymowitz Family Foundation Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hymowitz Family Foundation Tr's tax-exempt status?
You can verify Hymowitz Family Foundation Tr's tax-exempt status using EIN 134089721 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 Hymowitz Family Foundation Tr demonstrates a highly variable financial history, with significant fluctuations in revenue and expenses over the past decade. While the latest filing (202306) shows substantial revenue of $1,530,101 against expenses of $500,215, indicating a healthy surplus, previous years have seen periods of negative revenue (e.g., -$129,671 in 201906) and expenses exceeding revenue. The organization's assets have also shown considerable growth, from $733,140 in 201106 to $1,044,294 in 202306, with a notable dip in 202206 to $14,408. This volatility suggests an unpredictable funding model or significant one-time events impacting its financial statements.
Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of zero officer compensation across all filings indicates a lean administrative structure regarding executive pay. The foundation's NTEE code (T22 - Private Grantmaking Foundations) suggests its primary activity is making grants, which typically means a high proportion of expenses should be program-related. The absence of liabilities in most years is a positive indicator of financial stability.
Transparency, based on the provided data, appears adequate in terms of filing history. However, without access to the full 990 forms, it's challenging to evaluate the depth of programmatic reporting or specific grantmaking activities. The lack of officer compensation is a strong point for transparency regarding executive pay, but the dramatic swings in financial figures warrant closer examination of the underlying causes.