Is The@Paul & Amy Hach Charitable Foundation Inc Legit?
Quick charity verification for The@Paul & Amy Hach Charitable Foundation Inc (EIN: 202450744)
Verdict: The@Paul & Amy Hach Charitable Foundation Inc appears trustworthy
75/100Mission Score
$402KRevenue
$2.2MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown in provided data, making it difficult to assess program efficiency.
Significant expense fluctuation without clear explanation (e.g., $643,924 in 2014 vs. $63,450 in 2022).
Strengths
Consistent asset base over $2 million, indicating financial stability.
Zero officer compensation reported across all filings, demonstrating efficient use of funds for leadership.
Minimal liabilities ($1) consistently reported, suggesting strong financial health and management.
Long filing history (10 filings) indicates consistent operation and compliance.
Spending Breakdown
How The@Paul & Amy Hach Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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@Paul & Amy Hach Charitable Foundation Inc
Is The@Paul & Amy Hach Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The@Paul & Amy Hach Charitable Foundation Inc (EIN: 202450744) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is The@Paul & Amy Hach Charitable Foundation Inc a good charity to donate to?
The@Paul & Amy Hach Charitable Foundation Inc has a Mission Score of 75/100. Revenue: $402K. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The@Paul & Amy Hach Charitable Foundation Inc?
The Employer Identification Number (EIN) for The@Paul & Amy Hach Charitable Foundation Inc is 202450744. 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@Paul & Amy Hach Charitable Foundation Inc spend its money?
The@Paul & Amy Hach Charitable Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The@Paul & Amy Hach Charitable Foundation Inc's tax-exempt status?
You can verify The@Paul & Amy Hach Charitable Foundation Inc's tax-exempt status using EIN 202450744 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 Paul & Amy Hach Charitable Foundation Inc appears to be a private foundation, as indicated by its consistent revenue streams and asset base, and the NTEE code T20 (Private Grantmaking Foundations). Its financial health is stable, with assets consistently over $2 million, reaching $2,189,886 in the latest period. Revenue has fluctuated, with the latest reported revenue at $402,233, a significant increase from previous years, while expenses in 2023 were $134,892. The organization consistently reports $0 in officer compensation, which is a positive indicator for donor confidence regarding executive pay. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess spending efficiency, particularly the allocation between program services, administrative costs, and fundraising. The foundation's consistent asset base and minimal liabilities ($1) suggest sound financial management, but the lack of detailed program spending information in the provided data limits a comprehensive assessment of its direct impact.