Is The Jim And Carol Havens Family Foundation Inc Legit?
Quick charity verification for The Jim And Carol Havens Family Foundation Inc (EIN: 203796088)
Verdict: The Jim And Carol Havens Family Foundation Inc appears trustworthy
90/100Mission Score
$241KRevenue
$79KAssets
1Red Flags
4Strengths
Red Flags
Expenses slightly exceeded revenue in 2023 ($266,866 vs $263,901), indicating a minor deficit for the year.
Strengths
Consistent 0% officer compensation across all filings, demonstrating high efficiency.
Significant revenue growth from $20,120 in 2020 to $263,901 in 2023.
Substantial asset growth from $1,782 in 2020 to $55,640 in 2023.
Likely very high program spending ratio due to minimal administrative and fundraising costs.
Spending Breakdown
How The Jim And Carol Havens 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 Jim And Carol Havens Family Foundation Inc
Is The Jim And Carol Havens Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Jim And Carol Havens Family Foundation Inc (EIN: 203796088) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is The Jim And Carol Havens Family Foundation Inc a good charity to donate to?
The Jim And Carol Havens Family Foundation Inc has a Mission Score of 90/100. Revenue: $241K. Assets: $79K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Jim And Carol Havens Family Foundation Inc?
The Employer Identification Number (EIN) for The Jim And Carol Havens Family Foundation Inc is 203796088. 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 Jim And Carol Havens Family Foundation Inc spend its money?
The Jim And Carol Havens 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 Jim And Carol Havens Family Foundation Inc's tax-exempt status?
You can verify The Jim And Carol Havens Family Foundation Inc's tax-exempt status using EIN 203796088 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 Jim And Carol Havens Family Foundation Inc demonstrates a fluctuating financial trajectory, with recent years showing significant growth in revenue and expenses. In 2023, the organization reported revenues of $263,901 against expenses of $266,866, indicating spending slightly exceeded income. This trend of expenses sometimes surpassing revenue has been observed in earlier periods as well, such as 2020 and 2015. The foundation's assets have also seen considerable growth, from $1,782 in 2020 to $55,640 in 2023, suggesting an increasing capacity for philanthropic activity. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards the mission rather than administrative salaries, which is a positive sign for spending efficiency. However, the presence of liabilities, particularly $284 in 2023, warrants attention, though it is a small amount relative to assets and revenue. Overall, the foundation appears to be growing and maintaining a lean operational structure, which bodes well for its financial health and program focus.