Is James E Hollingsworth Foundation Inc Legit?

Quick charity verification for James E Hollingsworth Foundation Inc (EIN: 202238071)

Verdict: James E Hollingsworth Foundation Inc appears trustworthy

85/100Mission Score
$290KRevenue
$731KAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How James E Hollingsworth 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 E Hollingsworth Foundation Inc

Is James E Hollingsworth Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, James E Hollingsworth Foundation Inc (EIN: 202238071) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is James E Hollingsworth Foundation Inc a good charity to donate to?

James E Hollingsworth Foundation Inc has a Mission Score of 85/100. Revenue: $290K. Assets: $731K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for James E Hollingsworth Foundation Inc?

The Employer Identification Number (EIN) for James E Hollingsworth Foundation Inc is 202238071. 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 E Hollingsworth Foundation Inc spend its money?

James E Hollingsworth 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 E Hollingsworth Foundation Inc's tax-exempt status?

You can verify James E Hollingsworth Foundation Inc's tax-exempt status using EIN 202238071 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 E Hollingsworth Foundation Inc. demonstrates consistent financial activity over the past decade, with revenues generally ranging from $20,000 to $70,000 annually, and expenses in a similar range. The latest reported revenue of $69,295 in 2023 slightly exceeds expenses of $50,082, indicating a positive operating margin for that period. However, several prior years, such as 2022 ($23,640 revenue vs. $55,273 expenses) and 2021 ($30,846 revenue vs. $60,866 expenses), show expenses significantly outpacing revenue, suggesting reliance on existing assets or prior year surpluses to cover operational costs. The organization's assets have remained relatively stable, hovering around $700,000 to $780,000, with the latest reported assets at $712,663. This stability in assets, despite fluctuating annual operating results, indicates a well-managed endowment or investment strategy. The foundation consistently reports 0% officer compensation across all available filings, which is a strong indicator of efficient use of funds and a volunteer-driven leadership structure. This practice significantly reduces administrative overhead. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests a high potential for program efficiency. The organization's liabilities have been minimal, with some years reporting $0 and the highest recent liability being $18,100 in 2023, which is a healthy sign of financial stability and low debt burden. Overall, the foundation appears to be a lean operation, effectively managing its assets to support its mission, though detailed program expenditure breakdowns would further enhance transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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