Minimal liabilities ($1 across all periods), indicating strong financial management and low debt.
Consistent IRS 990 filing history, showing good transparency and compliance.
Spending Breakdown
How The Ho Hing Dai Family 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 The Ho Hing Dai Family Foundation Inc
Is The Ho Hing Dai Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Ho Hing Dai Family Foundation Inc (EIN: 203744470) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is The Ho Hing Dai Family Foundation Inc a good charity to donate to?
The Ho Hing Dai Family Foundation Inc has a Mission Score of 90/100. Revenue: $602K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Ho Hing Dai Family Foundation Inc?
The Employer Identification Number (EIN) for The Ho Hing Dai Family Foundation Inc is 203744470. 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 Ho Hing Dai Family Foundation Inc spend its money?
The Ho Hing Dai Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Ho Hing Dai Family Foundation Inc's tax-exempt status?
You can verify The Ho Hing Dai Family Foundation Inc's tax-exempt status using EIN 203744470 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 Ho Hing Dai Family Foundation Inc. appears to be a well-managed private foundation with consistent asset levels and minimal liabilities. Over the past decade, its assets have grown from $1,528,537 in 2011 to $1,659,937 in 2023, indicating stable financial stewardship. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, particularly for a foundation of its size. While the 2023 revenue shows a negative figure of $-20,738, this is likely due to investment losses or specific accounting adjustments rather than a fundamental financial distress, as total assets remain robust.
The foundation's spending efficiency is generally good, with expenses typically around $100,000-$130,000 annually against varying revenue streams. The consistent low liabilities ($1 across all reported periods) further underscores a healthy balance sheet and responsible financial practices. The absence of officer compensation suggests that a very high percentage of its operational expenses are directed towards its programmatic activities or administrative overhead necessary for its grant-making functions. The foundation's transparency is high given its consistent filing of IRS Form 990s and the detailed financial data provided, allowing for clear analysis of its financial operations.