Is John H Harmon Jr And Jane H Harmon Foundation Legit?
Quick charity verification for John H Harmon Jr And Jane H Harmon Foundation (EIN: 205311909)
Verdict: John H Harmon Jr And Jane H Harmon Foundation shows mixed signals
60/100Mission Score
$305KRevenue
$562KAssets
3Red Flags
3Strengths
Red Flags
Negative revenue of $-17,537 in the latest fiscal period (202312), indicating a significant financial challenge.
Decline in assets from $406,927 in 2022 to $354,440 in 2023, suggesting a reduction in financial capacity.
Lack of detailed expense breakdown in the provided data, hindering a full assessment of spending efficiency.
Strengths
Consistent reporting of 0% officer compensation across all filings, demonstrating strong financial stewardship regarding executive pay.
Long-term growth in assets from $133,567 in 2011 to $354,440 in 2023, indicating historical financial accumulation.
Low reported liabilities ($1 across most periods), suggesting minimal debt burden.
Spending Breakdown
How John H Harmon Jr And Jane H Harmon Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 John H Harmon Jr And Jane H Harmon Foundation
Is John H Harmon Jr And Jane H Harmon Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, John H Harmon Jr And Jane H Harmon Foundation (EIN: 205311909) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is John H Harmon Jr And Jane H Harmon Foundation a good charity to donate to?
John H Harmon Jr And Jane H Harmon Foundation has a Mission Score of 60/100. Revenue: $305K. Assets: $562K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for John H Harmon Jr And Jane H Harmon Foundation?
The Employer Identification Number (EIN) for John H Harmon Jr And Jane H Harmon Foundation is 205311909. 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 John H Harmon Jr And Jane H Harmon Foundation spend its money?
John H Harmon Jr And Jane H Harmon Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify John H Harmon Jr And Jane H Harmon Foundation's tax-exempt status?
You can verify John H Harmon Jr And Jane H Harmon Foundation's tax-exempt status using EIN 205311909 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 John H Harmon Jr And Jane H Harmon Foundation appears to be a small private foundation with a fluctuating financial performance. In the latest reported period (202312), the organization experienced negative revenue of $-17,537, which is a significant concern, especially when compared to its expenses of $34,950. This indicates that the foundation spent more than it brought in, leading to a decrease in assets from $406,927 in 2022 to $354,440 in 2023. While the foundation has consistently reported zero officer compensation, suggesting good stewardship in that area, the recent negative revenue trend warrants closer examination.
The foundation's assets have generally grown over the long term, from $133,567 in 2011 to $354,440 in 2023, indicating some level of financial stability despite recent setbacks. However, the consistent reporting of $1 in liabilities across most years is unusual for a foundation and might suggest a simplified reporting approach rather than a true reflection of minimal liabilities. The NTEE code T21 (Private Grantmaking Foundations) aligns with its operational nature. The lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency beyond the overall revenue and expense figures.
Given the negative revenue in the most recent period and the lack of detailed program spending information, a comprehensive assessment of spending efficiency and program impact is challenging. The foundation's transparency regarding executive compensation is excellent, with 0% reported. However, the overall financial health is questionable due to the recent negative revenue and asset decline. Further details on how the $34,950 in expenses in 2023 were allocated would be crucial for a more in-depth analysis of its spending efficiency and program focus.