Quick charity verification for Lisa Higgins Hussman Foundation Inc (EIN: 203409415)
Verdict: Lisa Higgins Hussman Foundation Inc shows mixed signals
55/100Mission Score
$495KRevenue
$2.1MAssets
3Red Flags
3Strengths
Red Flags
Consistent net deficits (expenses exceeding revenue) in recent years, e.g., $93,549 revenue vs. $296,552 expenses in 202406.
Significant decline in assets from $3,244,586 in 201506 to $2,087,847 in 202406, indicating spending down of reserves.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full efficiency assessment.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
Very low liabilities reported ($0-$1 across all filings), suggesting strong financial management regarding debt.
Consistent filing of IRS Form 990s (10 filings), demonstrating transparency in reporting.
Spending Breakdown
How Lisa Higgins Hussman Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Lisa Higgins Hussman Foundation Inc
Is Lisa Higgins Hussman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lisa Higgins Hussman Foundation Inc (EIN: 203409415) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is Lisa Higgins Hussman Foundation Inc a good charity to donate to?
Lisa Higgins Hussman Foundation Inc has a Mission Score of 55/100. Revenue: $495K. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lisa Higgins Hussman Foundation Inc?
The Employer Identification Number (EIN) for Lisa Higgins Hussman Foundation Inc is 203409415. 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 Lisa Higgins Hussman Foundation Inc spend its money?
Lisa Higgins Hussman Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lisa Higgins Hussman Foundation Inc's tax-exempt status?
You can verify Lisa Higgins Hussman Foundation Inc's tax-exempt status using EIN 203409415 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 Lisa Higgins Hussman Foundation Inc. exhibits a concerning trend of declining revenue and increasing net deficits over the past several years. In the latest period (202406), the organization reported revenue of $93,549 against expenses of $296,552, resulting in a significant deficit. This pattern is consistent across recent filings, with expenses consistently exceeding revenue, leading to a steady depletion of assets from $3,244,586 in 201506 to $2,087,847 in 202406. While the organization maintains a very low liability profile, the continuous spending down of assets without sufficient incoming revenue raises questions about long-term financial sustainability.
The foundation's transparency is bolstered by its consistent filing of IRS Form 990s, with 10 filings available. A notable positive is the reported 0% officer compensation across all available filings, indicating that executive leadership is not drawing salaries from the organization's funds. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency, particularly the allocation between program services, administrative costs, and fundraising efforts. The NTEE code T22 suggests a focus on grantmaking foundations, which typically have lower program spending ratios than direct service charities, but the overall financial trajectory warrants close monitoring.
Given the consistent net losses and asset depletion, the foundation's financial health appears to be deteriorating. While the absence of officer compensation is a positive for transparency and resource allocation, the fundamental imbalance between revenue and expenses is a significant concern. A more detailed look into the nature of expenses and the foundation's grantmaking activities would be necessary for a complete picture of its operational efficiency and impact.