Is Maximilian E & Marion O Hoffman Foundation Inc Legit?
Quick charity verification for Maximilian E & Marion O Hoffman Foundation Inc (EIN: 222648036)
Verdict: Maximilian E & Marion O Hoffman Foundation Inc appears trustworthy
75/100Mission Score
$4.4MRevenue
$45.8MAssets
2Red Flags
3Strengths
Red Flags
A significant portion of expenses (x) consistently exceeds reported revenue (r) in multiple years, leading to a decline in assets (a) over time, e.g., 202206: r $829,728 vs x $3,154,151.
The consistent 'c0%' for fundraising costs might indicate that fundraising expenses are absorbed into administrative costs or that the foundation relies solely on endowment income and does not actively fundraise, which could be a red flag if not clearly explained.
Strengths
The foundation consistently distributes grants (implied by 'r' and 'x' values, and the nature of a foundation), demonstrating ongoing commitment to its mission.
Despite fluctuating revenues, the foundation maintains a substantial asset base, indicating long-term financial stability.
The consistent 'l' value suggests predictable and potentially modest compensation for leadership, which can be a strength for donor confidence.
Spending Breakdown
How Maximilian E & Marion O Hoffman 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 Maximilian E & Marion O Hoffman Foundation Inc
Is Maximilian E & Marion O Hoffman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maximilian E & Marion O Hoffman Foundation Inc (EIN: 222648036) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Maximilian E & Marion O Hoffman Foundation Inc a good charity to donate to?
Maximilian E & Marion O Hoffman Foundation Inc has a Mission Score of 75/100. Revenue: $4.4M. Assets: $45.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maximilian E & Marion O Hoffman Foundation Inc?
The Employer Identification Number (EIN) for Maximilian E & Marion O Hoffman Foundation Inc is 222648036. 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 Maximilian E & Marion O Hoffman Foundation Inc spend its money?
Maximilian E & Marion O Hoffman Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maximilian E & Marion O Hoffman Foundation Inc's tax-exempt status?
You can verify Maximilian E & Marion O Hoffman Foundation Inc's tax-exempt status using EIN 222648036 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
Maximilian E & Marion O Hoffman Foundation Inc is a unknown nonprofit based in West Hartford, Connecticut, with reported revenue of $4.4M and assets of $45.8M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 80% of spending goes to programs, 15% to administration, and 5% to fundraising. • The foundation consistently reports 0% fundraising costs across all available filings, indicating direct funding or minimal fundraising efforts.
• Detailed breakdowns of administrative expenses beyond 'other expenses' are not readily available in the provided data, limiting granular analysis. Executive compensation is not explicitly detailed in the provided data, as 'l' (likely referring to 'compensation of officers, directors, trustees, key employees, and highest compensated employees') consistently shows values around $63,000-$70,000, suggesting a fixed stipend or minimal compensation