Is Robert B And Janet A Hoffman Foundation Inc Legit?

Quick charity verification for Robert B And Janet A Hoffman Foundation Inc (EIN: 201798512)

Verdict: Robert B And Janet A Hoffman Foundation Inc appears trustworthy

95/100Mission Score
$1.2MRevenue
$3.7MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

Spending Breakdown

How Robert B And Janet A Hoffman Foundation Inc allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Robert B And Janet A Hoffman Foundation Inc

Is Robert B And Janet A Hoffman Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Robert B And Janet A Hoffman Foundation Inc (EIN: 201798512) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Robert B And Janet A Hoffman Foundation Inc a good charity to donate to?

Robert B And Janet A Hoffman Foundation Inc has a Mission Score of 95/100. Revenue: $1.2M. Assets: $3.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Robert B And Janet A Hoffman Foundation Inc?

The Employer Identification Number (EIN) for Robert B And Janet A Hoffman Foundation Inc is 201798512. 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 Robert B And Janet A Hoffman Foundation Inc spend its money?

Robert B And Janet A Hoffman Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Robert B And Janet A Hoffman Foundation Inc's tax-exempt status?

You can verify Robert B And Janet A Hoffman Foundation Inc's tax-exempt status using EIN 201798512 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 Robert B And Janet A Hoffman Foundation Inc appears to be a well-managed private foundation with a consistent history of financial stability. Over the past decade, the organization has shown steady asset growth, increasing from $1,585,548 in 2011 to $3,479,751 in 2023. Revenue streams have fluctuated, as is common for foundations, with a notable high of $1,104,258 in 2014 and $1,172,968 in its latest reported period, indicating a strong capacity to attract funds. The foundation demonstrates excellent spending efficiency, consistently maintaining expenses significantly lower than its revenue in most years, allowing for asset accumulation. For instance, in 2023, expenses were $167,257 against revenues of $333,224. A key indicator of its operational efficiency and transparency is the reported 0% officer compensation across all available filings, suggesting that leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence. The consistently low liabilities, often reported as $1, further underscore its sound financial management and minimal debt burden.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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