Quick charity verification for James W Hood Family Foundation (EIN: 202640916)
Verdict: James W Hood Family Foundation appears trustworthy
95/100Mission Score
$9.7MRevenue
$20.5MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching over $20 million in 2023.
Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
Expenses are consistently low relative to the organization's asset base, suggesting prudent financial management.
Strong financial health with a significant endowment to support its charitable activities.
Spending Breakdown
How James W Hood Family Foundation 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 W Hood Family Foundation
Is James W Hood Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, James W Hood Family Foundation (EIN: 202640916) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is James W Hood Family Foundation a good charity to donate to?
James W Hood Family Foundation has a Mission Score of 95/100. Revenue: $9.7M. Assets: $20.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for James W Hood Family Foundation?
The Employer Identification Number (EIN) for James W Hood Family Foundation is 202640916. 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 W Hood Family Foundation spend its money?
James W Hood Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify James W Hood Family Foundation's tax-exempt status?
You can verify James W Hood Family Foundation's tax-exempt status using EIN 202640916 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 W Hood Family Foundation demonstrates a strong financial position with assets consistently growing, reaching $20,764,329 in 2023. The organization's revenue has fluctuated, with a notable increase to $2,091,121 in 2023, following a lower $481,438 in 2022. Expenses have remained relatively stable and low compared to assets, indicating efficient management of its endowment. The foundation's consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a focus on directing funds towards its mission rather than executive salaries. This practice is a significant positive indicator of financial health and ethical governance.