Is The George And Victoria Hobson Foundation Legit?
Quick charity verification for The George And Victoria Hobson Foundation (EIN: 206384026)
Verdict: The George And Victoria Hobson Foundation shows mixed signals
45/100Mission Score
$669KRevenue
$11KAssets
3Red Flags
2Strengths
Red Flags
Significant and recurring operational deficits, with expenses exceeding revenue in multiple periods, most notably in 201912 ($707,736 expenses vs. $391,246 revenue).
Dramatic decline in assets from $356,700 in 2011 to $10,798 in 2019, indicating depletion of reserves.
Lack of detailed expense breakdown in the provided data makes it difficult to fully assess spending efficiency.
Strengths
0% officer compensation reported across all available filings, indicating no executive salaries are drawn from the organization's funds.
Long filing history (6 filings), suggesting a degree of consistent reporting, though financial health has deteriorated.
Spending Breakdown
How The George And Victoria Hobson Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 The George And Victoria Hobson Foundation
Is The George And Victoria Hobson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The George And Victoria Hobson Foundation (EIN: 206384026) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is The George And Victoria Hobson Foundation a good charity to donate to?
The George And Victoria Hobson Foundation has a Mission Score of 45/100. Revenue: $669K. Assets: $11K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The George And Victoria Hobson Foundation?
The Employer Identification Number (EIN) for The George And Victoria Hobson Foundation is 206384026. 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 The George And Victoria Hobson Foundation spend its money?
The George And Victoria Hobson Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The George And Victoria Hobson Foundation's tax-exempt status?
You can verify The George And Victoria Hobson Foundation's tax-exempt status using EIN 206384026 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 George And Victoria Hobson Foundation exhibits a concerning financial trend, particularly in its latest reported period (201912) where expenses significantly outstripped revenue, leading to a substantial deficit. With revenue of $391,246 against expenses of $707,736, the organization spent nearly double its income. This is a stark contrast to earlier periods where the financial scale was much smaller, but expenses still generally exceeded revenue. The organization's assets have also seen a dramatic decrease from $356,700 in 2011 to just $10,798 in 2019, indicating a significant depletion of its financial reserves over time. While the organization reports 0% officer compensation, which is a positive for donor confidence in executive pay, the overall financial sustainability appears to be at risk given the consistent operational deficits and declining asset base. The lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the top-line figures.