Is Mary T And Frank L Hoffman Family…

Quick charity verification for Mary T And Frank L Hoffman Family Foundation (EIN: 146186745)

Spending Breakdown

How Mary T And Frank L Hoffman 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

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 Mary T And Frank L Hoffman Family Foundation

Is Mary T And Frank L Hoffman Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Mary T And Frank L Hoffman Family Foundation (EIN: 146186745) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Mary T And Frank L Hoffman Family Foundation a good charity to donate to?

Mary T And Frank L Hoffman Family Foundation has a Mission Score of 75/100. Revenue: $111K. Assets: $42K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mary T And Frank L Hoffman Family Foundation?

The Employer Identification Number (EIN) for Mary T And Frank L Hoffman Family Foundation is 146186745. 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 Mary T And Frank L Hoffman Family Foundation spend its money?

Mary T And Frank L Hoffman Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mary T And Frank L Hoffman Family Foundation's tax-exempt status?

You can verify Mary T And Frank L Hoffman Family Foundation's tax-exempt status using EIN 146186745 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 Mary T And Frank L Hoffman Family Foundation appears to be a private foundation, as indicated by its NTEE code T20J and consistent low liabilities. Its financial health shows significant fluctuations in revenue and expenses over the past few years. For instance, in 2023, the foundation reported revenue of $56,997 against expenses of $133,833, resulting in a deficit. This trend of expenses exceeding revenue was also observed in 2022 ($3,791 revenue vs. $126,828 expenses). However, in 2021, it had a surplus with $156,192 in revenue against $93,934 in expenses. The foundation's assets have also varied, peaking at $302,142 in 2021 and decreasing to $102,269 by 2023.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, as a family foundation, it's common for administrative costs to be relatively low, especially with no reported officer compensation. The consistent 'Liabilities=$1' across all filings suggests a very stable and debt-free financial position, which is a positive indicator of financial management. The lack of officer compensation further suggests that the foundation operates with minimal overhead related to executive salaries.

Transparency is generally good given the availability of 990 filings. The consistent reporting of zero officer compensation is a strong point for transparency regarding executive pay. However, without more granular expense data, it's challenging to fully evaluate the efficiency of its grant-making or program delivery. The significant swings in revenue and expenses warrant closer examination to understand the underlying causes and the foundation's long-term financial strategy.

Is Mary T And Frank L Hoffman Family Foundation Legit?

Verdict: Mary T And Frank L Hoffman Family Foundation appears trustworthy

Red Flags

Strengths