Quick charity verification for William F Harnisch Foundation Inc (EIN: 113353576)
Verdict: William F Harnisch Foundation Inc shows mixed signals
65/100Mission Score
$7.1MRevenue
$5.4MAssets
3Red Flags
3Strengths
Red Flags
Consistent deficit spending, with expenses exceeding revenue in most recent years.
Significant decline in total assets over the past decade, from $6.49 million in 2011 to $2.36 million in 2023.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full efficiency assessment.
Strengths
Zero reported officer compensation across all filings, indicating low executive overhead.
Consistently low liabilities ($0 or $1) across all periods, suggesting sound debt management.
Maintains a substantial asset base, despite recent declines, providing a buffer for operations.
Spending Breakdown
How William F Harnisch 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 William F Harnisch Foundation Inc
Is William F Harnisch Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, William F Harnisch Foundation Inc (EIN: 113353576) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is William F Harnisch Foundation Inc a good charity to donate to?
William F Harnisch Foundation Inc has a Mission Score of 65/100. Revenue: $7.1M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for William F Harnisch Foundation Inc?
The Employer Identification Number (EIN) for William F Harnisch Foundation Inc is 113353576. 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 William F Harnisch Foundation Inc spend its money?
William F Harnisch Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify William F Harnisch Foundation Inc's tax-exempt status?
You can verify William F Harnisch Foundation Inc's tax-exempt status using EIN 113353576 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 William F Harnisch Foundation Inc. demonstrates a consistent pattern of spending exceeding its revenue in recent years, as evidenced by the 202312 filing showing expenses of $1,436,885 against revenue of $1,114,624, and similar trends in 2022 and 2021. This indicates the organization is drawing down on its assets, which have decreased from $6,494,837 in 2011 to $2,360,736 in 2023. While the organization's NTEE code T20Z suggests a focus on grantmaking, the lack of detailed expense breakdowns in the provided data makes it challenging to fully assess spending efficiency between program, administrative, and fundraising costs. However, the consistent reporting of zero officer compensation across all filings suggests a commitment to minimizing overhead in that specific area.
The foundation's financial health, while supported by its remaining asset base, shows a declining trend. The latest revenue of $7,099,404 (likely a cumulative figure or an outlier not reflected in the annual filings provided) contrasts sharply with the annual revenues, suggesting potential volatility or a significant one-time event. The consistent reporting of minimal liabilities ($0 or $1) across all periods indicates sound financial management in terms of debt. Transparency regarding the specific allocation of expenses beyond total expenses would enhance the assessment of its programmatic impact and operational efficiency.