Quick charity verification for James And Karen Hyde Foundation Inc (EIN: 205418432)
Verdict: James And Karen Hyde Foundation Inc appears trustworthy
85/100Mission Score
$308KRevenue
$1.5MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed program spending breakdown in provided data
Strengths
Consistent asset growth over the decade (from $855,322 in 2011 to $1,660,417 in 2023)
Minimal liabilities reported across all filings (often $1)
0% officer compensation reported consistently, indicating efficient use of funds
Strong filing history with 10 available IRS 990 filings
Stable expense management relative to asset base
Spending Breakdown
How James And Karen Hyde Foundation Inc 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 James And Karen Hyde Foundation Inc
Is James And Karen Hyde Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, James And Karen Hyde Foundation Inc (EIN: 205418432) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is James And Karen Hyde Foundation Inc a good charity to donate to?
James And Karen Hyde Foundation Inc has a Mission Score of 85/100. Revenue: $308K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for James And Karen Hyde Foundation Inc?
The Employer Identification Number (EIN) for James And Karen Hyde Foundation Inc is 205418432. 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 James And Karen Hyde Foundation Inc spend its money?
James And Karen Hyde Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify James And Karen Hyde Foundation Inc's tax-exempt status?
You can verify James And Karen Hyde Foundation Inc's tax-exempt status using EIN 205418432 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 James And Karen Hyde Foundation Inc appears to be a private foundation, as indicated by its consistent revenue fluctuations and relatively stable asset base. Over the past decade, its assets have grown from $855,322 in 2011 to $1,660,417 in 2023, demonstrating sound financial stewardship. The organization consistently reports minimal liabilities, often just $1, which is a strong indicator of financial stability and low risk. Its latest revenue of $308,236 and assets of $1,475,816 suggest a well-established, albeit modest, endowment-based operation.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent reporting of 0% officer compensation across all filings is a significant positive for efficiency and donor confidence, as it suggests a volunteer-led or very lean operational structure. The foundation's expenses have generally remained within a reasonable range relative to its asset base, typically between $38,309 and $92,935 annually, indicating controlled spending.
In terms of transparency, the organization has a consistent filing history with 10 filings available, which is commendable. The absence of officer compensation is a strong indicator of good governance and a focus on mission. While specific program spending ratios are not provided, the overall financial health, characterized by growing assets and minimal liabilities, suggests a well-managed entity. The foundation's NTEE code T22 (Private Grantmaking Foundations) aligns with its operational characteristics.