Charles And Kaaren Hale Family Foundation
Charles And Kaaren Hale Family Foundation maintains stable assets and zero officer compensation amidst fluctuating revenue and expenses.
EIN: 133940900 · Cranbury, NJ · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $506K |
| Total Expenses | $83K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.3 |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Charles And Kaaren Hale Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles And Kaaren Hale Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles And Kaaren Hale Family Foundation
Charles And Kaaren Hale Family Foundation (EIN: 133940900) is a nonprofit organization based in Cranbury, NJ, classified under NTEE code T20Z. The organization reported total revenue of $506K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles And Kaaren Hale Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles And Kaaren Hale Family Foundation is a small nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $83K |
| Surplus / Deficit | $-67,219 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -424.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 201.7 months |
Financial Health Grade: B
In 2023, Charles And Kaaren Hale Family Foundation reported a deficit of $67K with expenses exceeding revenue, holds 201.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Charles And Kaaren Hale Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.7% | -30.1% | -4.6% |
| 2022 | -5.5% | +81.0% | -5.0% |
| 2021 | -14.5% | -63.1% | +0.4% |
| 2020 | -27.1% | +39.9% | -5.8% |
| 2019 | -66.4% | -17.2% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charles And Kaaren Hale Family Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Charles And Kaaren Hale Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $67K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly efficient for a foundation of its size with assets over $1.3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Charles And Kaaren Hale Family Foundation's IRS 990 filings:
- Revenue consistently lower than expenses in recent years (e.g., 2023: $15,844 revenue vs. $83,063 expenses; 2022: $68,116 revenue vs. $118,857 expenses), indicating reliance on asset drawdowns or prior year surpluses.
Strengths
The following positive indicators were identified for Charles And Kaaren Hale Family Foundation:
- Consistent zero officer compensation across all filings, demonstrating high efficiency in executive overhead.
- Stable and substantial asset base (over $1.2 million consistently), indicating strong financial reserves for its mission.
- Minimal to no liabilities reported ($0 or $1), suggesting a very healthy balance sheet and low financial risk.
- Long history of consistent IRS 990 filings (10 filings), indicating good transparency and compliance.
Frequently Asked Questions about Charles And Kaaren Hale Family Foundation
Is Charles And Kaaren Hale Family Foundation a legitimate charity?
Charles And Kaaren Hale Family Foundation (EIN: 133940900) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $506K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Charles And Kaaren Hale Family Foundation spend its money?
Charles And Kaaren Hale Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Charles And Kaaren Hale Family Foundation tax-deductible?
Charles And Kaaren Hale Family Foundation is registered as a tax-exempt nonprofit (EIN: 133940900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Charles And Kaaren Hale Family Foundation CEO make?
Charles And Kaaren Hale Family Foundation's highest-compensated officer earns $1.3 annually. The organization reported $506K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Charles And Kaaren Hale Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Charles And Kaaren Hale Family Foundation is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charles And Kaaren Hale Family Foundation located?
Charles And Kaaren Hale Family Foundation is headquartered in Cranbury, New Jersey and files with the IRS under EIN 133940900. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Charles And Kaaren Hale Family Foundation have?
Charles And Kaaren Hale Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $506K in total revenue.
What are the specific grant-making priorities of the Charles And Kaaren Hale Family Foundation?
The provided data does not detail the specific grant-making priorities or beneficiaries. Further review of the full IRS 990 forms, particularly Schedule I, would be necessary to understand their programmatic focus.
How does the foundation manage its endowment to ensure long-term sustainability?
While the foundation consistently maintains assets over $1.2 million, the specific investment strategies or endowment management practices are not detailed in the summary data. The fluctuation in revenue and expenses suggests a reliance on investment returns and grant disbursements.
What is the typical grant size or number of grants disbursed annually?
The summary data does not provide information on the number or size of grants disbursed. This information would typically be found in the full IRS 990, specifically Schedule I, which details grants and other assistance paid.
Filing History
IRS 990 filing history for Charles And Kaaren Hale Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Charles And Kaaren Hale Family Foundation's revenue has declined by 59.4%, moving from $39K to $16K. Total assets increased by 12.9% over the same period, from $1.2M to $1.4M. Total functional expenses rose by 13.2%, from $73K to $83K. In its most recent filing year (2023), Charles And Kaaren Hale Family Foundation reported a deficit of $67K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $83K | $1.4M | $1 | — | View 990 |
| 2022 | $68K | $119K | $1.5M | $1 | — | View 990 |
| 2021 | $72K | $66K | $1.5M | $1 | — | — |
| 2020 | $84K | $178K | $1.5M | $1 | — | — |
| 2019 | $116K | $127K | $1.6M | $1 | — | View 990 |
| 2015 | $344K | $154K | $1.5M | $1 | — | View 990 |
| 2014 | $242K | $262K | $1.3M | $1 | — | View 990 |
| 2013 | $158K | $86K | $1.3M | $1 | — | View 990 |
| 2012 | $62K | $73K | $1.2M | $0 | — | View 990 |
| 2011 | $39K | $73K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $83K, and assets of $1.4M (revenue -76.7% year-over-year).
- 2022: Revenue of $68K, expenses of $119K, and assets of $1.5M (revenue -5.5% year-over-year).
- 2021: Revenue of $72K, expenses of $66K, and assets of $1.5M (revenue -14.5% year-over-year).
- 2020: Revenue of $84K, expenses of $178K, and assets of $1.5M (revenue -27.1% year-over-year).
- 2019: Revenue of $116K, expenses of $127K, and assets of $1.6M (revenue -66.4% year-over-year).
- 2015: Revenue of $344K, expenses of $154K, and assets of $1.5M (revenue +42.2% year-over-year).
- 2014: Revenue of $242K, expenses of $262K, and assets of $1.3M (revenue +53.5% year-over-year).
- 2013: Revenue of $158K, expenses of $86K, and assets of $1.3M (revenue +154.4% year-over-year).
- 2012: Revenue of $62K, expenses of $73K, and assets of $1.2M (revenue +58.8% year-over-year).
- 2011: Revenue of $39K, expenses of $73K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles And Kaaren Hale Family Foundation:
Data Sources and Methodology
This transparency report for Charles And Kaaren Hale Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.