Quick charity verification for North Haven Foundation (EIN: 16022839)
Verdict: North Haven Foundation appears trustworthy
90/100Mission Score
$1.1MRevenue
$6.5MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in summary data
Unusual 0% officer compensation reported, which may obscure full compensation practices if key personnel are compensated through other means
Strengths
Consistent asset growth, from $3.15M in 2015 to $5.77M in 2024
Zero liabilities reported across all filings, indicating strong financial stability
Expenses consistently well below revenue, demonstrating efficient financial management
No reported officer compensation, suggesting high dedication or volunteer leadership
Spending Breakdown
How North Haven Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 North Haven Foundation
Is North Haven Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, North Haven Foundation (EIN: 16022839) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is North Haven Foundation a good charity to donate to?
North Haven Foundation has a Mission Score of 90/100. Revenue: $1.1M. Assets: $6.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for North Haven Foundation?
The Employer Identification Number (EIN) for North Haven Foundation is 16022839. 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 North Haven Foundation spend its money?
North Haven Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify North Haven Foundation's tax-exempt status?
You can verify North Haven Foundation's tax-exempt status using EIN 16022839 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 North Haven Foundation demonstrates strong financial health and consistent growth in assets over the past decade, increasing from $3.15 million in 2015 to $5.77 million in 2024. The organization consistently operates with zero liabilities, indicating a very stable financial position. Their spending efficiency appears robust, with expenses generally well below revenue, allowing for asset accumulation. For example, in 2024, revenue was $422,086 against expenses of $314,816. A significant positive indicator of transparency and mission focus is the consistent reporting of 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of this size and asset base. This practice, while potentially indicating high dedication, also warrants further inquiry to understand the full compensation structure if any, for key personnel.
The foundation's financial management prioritizes asset growth and maintaining a debt-free status. While the specific breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall low expense-to-revenue ratio suggests efficient operations. The lack of officer compensation is a notable characteristic that contributes positively to perceived efficiency and mission alignment, as resources are not being diverted to high executive salaries. However, without detailed expense categories, a precise assessment of spending efficiency across different functions is limited. The consistent growth in assets and lack of liabilities are strong indicators of prudent financial stewardship.