Quick charity verification for Warren A Hood Jr Family Foundation (EIN: 205928288)
Verdict: Warren A Hood Jr Family Foundation appears trustworthy
85/100Mission Score
$2.4MRevenue
$17.3MAssets
1Red Flags
4Strengths
Red Flags
Highly volatile revenue streams, with significant negative figures in some years (e.g., -$4,368,668 in 2013), which could indicate unpredictable investment performance.
Strengths
Consistent growth in assets, from $7.5 million in 2011 to over $15 million in recent years, indicating strong financial stewardship of its endowment.
Zero officer compensation reported across all filings, demonstrating a commitment to minimizing administrative costs and maximizing program funding.
Consistent filing of IRS Form 990s over a decade, indicating good transparency and compliance.
Low liabilities, consistently reported as $1, suggesting minimal financial obligations outside of its endowment.
Spending Breakdown
How Warren A Hood Jr Family Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Warren A Hood Jr Family Foundation
Is Warren A Hood Jr Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Warren A Hood Jr Family Foundation (EIN: 205928288) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Warren A Hood Jr Family Foundation a good charity to donate to?
Warren A Hood Jr Family Foundation has a Mission Score of 85/100. Revenue: $2.4M. Assets: $17.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Warren A Hood Jr Family Foundation?
The Employer Identification Number (EIN) for Warren A Hood Jr Family Foundation is 205928288. 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 Warren A Hood Jr Family Foundation spend its money?
Warren A Hood Jr Family Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Warren A Hood Jr Family Foundation's tax-exempt status?
You can verify Warren A Hood Jr Family Foundation's tax-exempt status using EIN 205928288 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 Warren A Hood Jr Family Foundation demonstrates consistent financial activity as a private foundation, primarily distributing grants. Its asset base has shown steady growth over the past decade, increasing from $7.5 million in 2011 to over $15 million in recent years, peaking at $17.4 million in 2021. The foundation's revenue streams have been highly variable, with significant negative revenue reported in earlier years (e.g., -$4.3 million in 2013), likely due to investment losses or specific accounting treatments for private foundations, contrasting with positive revenues in other periods, such as $1.7 million in 2021. This volatility is typical for foundations heavily reliant on investment returns.
Spending efficiency is generally high for a grant-making foundation, as most expenses are directly related to program services (grants). The organization consistently reports zero officer compensation, indicating a volunteer or unpaid leadership structure, which contributes to lower administrative overhead. However, the consistent reporting of $1 in liabilities across all periods is unusual and might indicate a simplified reporting practice or a specific accounting method for a private foundation, but it doesn't necessarily detract from transparency given the overall financial picture.
Overall, the foundation appears to be financially stable with a growing asset base, enabling its grant-making activities. Its transparency is bolstered by the consistent filing of IRS Form 990s and the clear indication of no executive compensation. The primary financial activity revolves around managing its endowment and distributing funds, aligning with the typical operations of a family foundation.