Quick charity verification for The Hamlin Family Foundation Inc (EIN: 203758162)
Verdict: The Hamlin Family Foundation Inc appears trustworthy
70/100Mission Score
$26KRevenue
$626KAssets
3Red Flags
3Strengths
Red Flags
Significant long-term decline in assets from $1.28M in 2011 to $610K in 2023.
Multiple years with expenses exceeding revenue (e.g., 2022: $81,148 expenses vs. $68,813 revenue).
Periods of negative revenue (e.g., -$102,619 in 2020), indicating potential investment losses or unusual financial events.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
Minimal liabilities, consistently reported as $1, suggesting strong debt management.
Regular and transparent IRS 990 filings over a decade.
Spending Breakdown
How The Hamlin Family Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Hamlin Family Foundation Inc
Is The Hamlin Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Hamlin Family Foundation Inc (EIN: 203758162) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is The Hamlin Family Foundation Inc a good charity to donate to?
The Hamlin Family Foundation Inc has a Mission Score of 70/100. Revenue: $26K. Assets: $626K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Hamlin Family Foundation Inc?
The Employer Identification Number (EIN) for The Hamlin Family Foundation Inc is 203758162. 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 Hamlin Family Foundation Inc spend its money?
The Hamlin Family Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Hamlin Family Foundation Inc's tax-exempt status?
You can verify The Hamlin Family Foundation Inc's tax-exempt status using EIN 203758162 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 Hamlin Family Foundation Inc. demonstrates a consistent commitment to transparency, as evidenced by its regular IRS 990 filings over the past decade. The organization's financial health, however, shows a trend of declining assets and inconsistent revenue generation. For instance, assets have decreased from $1,283,349 in 2011 to $610,716 in 2023. While the foundation has reported positive revenue in most recent years, there have been significant negative revenue periods, such as -$102,619 in 2020 and -$108,763 in 2011, indicating reliance on investment performance or fluctuating contributions. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data, but the consistent reporting of zero officer compensation is a positive indicator of efficient use of funds at the executive level.
The foundation's liabilities have consistently been minimal, often reported as $1, which suggests good financial management in terms of debt. However, the overall trend of expenses frequently exceeding revenue, such as $81,148 in expenses against $68,813 in revenue in 2022, contributes to the decline in assets. The latest filing for 2023 shows revenue of $35,798 exceeding expenses of $24,745, which is a positive short-term trend, but it's against a backdrop of long-term asset reduction. Without more granular expense data, it's challenging to determine the exact proportion of funds directly supporting programmatic activities versus overhead.