Quick charity verification for Laurents Hatcher Foundation Inc (EIN: 136114331)
Verdict: Laurents Hatcher Foundation Inc appears trustworthy
75/100Mission Score
$9.3MRevenue
$21.4MAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending in recent years (2020-2023), with expenses exceeding revenue.
Declining asset base from $22.9 million in 2019 to $18.4 million in 2023 due to deficit spending.
Strengths
Zero reported officer compensation across all available filings, indicating efficient use of funds or volunteer leadership.
Very low liabilities, often reported as $1, demonstrating strong financial health regarding debt.
Substantial asset base of over $18 million, providing a buffer despite recent deficit spending.
Spending Breakdown
How Laurents Hatcher Foundation Inc 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 Laurents Hatcher Foundation Inc
Is Laurents Hatcher Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Laurents Hatcher Foundation Inc (EIN: 136114331) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Laurents Hatcher Foundation Inc a good charity to donate to?
Laurents Hatcher Foundation Inc has a Mission Score of 75/100. Revenue: $9.3M. Assets: $21.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Laurents Hatcher Foundation Inc?
The Employer Identification Number (EIN) for Laurents Hatcher Foundation Inc is 136114331. 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 Laurents Hatcher Foundation Inc spend its money?
Laurents Hatcher Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Laurents Hatcher Foundation Inc's tax-exempt status?
You can verify Laurents Hatcher Foundation Inc's tax-exempt status using EIN 136114331 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 Laurents Hatcher Foundation Inc. demonstrates a consistent pattern of spending exceeding revenue in recent years, with expenses of $3,364,926 against revenue of $2,218,183 in 2023, and $2,470,765 against $2,129,117 in 2022. This trend has led to a gradual decline in assets from a peak of $22,905,890 in 2019 to $18,465,476 in 2023. While the organization maintains substantial assets relative to its annual expenses, the sustained deficit spending warrants closer examination of its long-term financial sustainability. The consistent reporting of zero officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that the foundation is managed without paid officers, which is a positive indicator for donor confidence. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging.