Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation
Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation's assets have declined by over 70% in a decade due to consistent deficit spending.
EIN: 202043091 · Phoenix, AZ · NTEE: T20 · Updated: 2026-03-28
Is Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation
Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation (EIN: 202043091) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T20. The organization reported total revenue of $192K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $37K |
| Surplus / Deficit | $-30,697 |
| Total Assets | $244K |
| Total Liabilities | $1 |
| Net Assets | $244K |
| Operating Margin | -466.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 78.4 months |
Financial Health Grade: B
In 2023, Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation reported a deficit of $31K with expenses exceeding revenue, holds 78.4 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), Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -1670600.0% | +2.1% | -18.5% |
| 2020 | -593.7% | -0.9% | -19.8% |
| 2019 | -34.2% | -13.4% | -33.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all provided filings, indicating that no salaries are paid to its executives, which is a positive for minimizing overhead costs.
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 Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation's IRS 990 filings:
- Consistent negative or negligible revenue over a decade (e.g., $-16,705 in 2022, $-43,029 in 2020).
- Significant and continuous decline in assets (from $839,958 in 2011 to $243,741 in 2023).
- Expenses consistently exceeding revenue, indicating unsustainable deficit spending.
- Unusual consistent reporting of $1 in liabilities across multiple years, which may warrant further review of accounting practices.
Strengths
The following positive indicators were identified for Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation:
- No officer compensation reported, indicating low executive overhead.
- Long history of IRS 990 filings (10 filings), suggesting a commitment to compliance.
Frequently Asked Questions about Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation
Is Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation (EIN: 202043091) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation spend its money?
Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation tax-deductible?
Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 202043091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation financially sustainable?
Based on the provided data, the foundation is not financially sustainable. It has consistently reported negative or negligible revenue while incurring significant expenses, leading to a continuous depletion of its assets from $839,958 in 2011 to $243,741 in 2023.
What is causing the significant decline in the foundation's assets?
The decline in assets is primarily caused by expenses consistently exceeding revenue. For example, in 2023, expenses were $37,284 while revenue was only $6,587, resulting in a net loss that draws down the asset base.
How does the foundation fund its operations given its low revenue?
The foundation appears to be funding its operations by drawing down its existing asset base (endowment). The consistent negative net income indicates that it is spending more than it earns, liquidating assets to cover expenses.
Filing History
IRS 990 filing history for Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation's revenue has declined by 74.2%, moving from $26K to $7K. Total assets decreased by 71% over the same period, from $840K to $244K. Total functional expenses fell by 36%, from $58K to $37K. In its most recent filing year (2023), Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation reported a deficit of $31K, with expenses exceeding revenue. The organization holds $1 in liabilities against $244K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $244K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $37K | $244K | $1 | — | — |
| 2022 | $-16,705 | $45K | $274K | $1 | — | View 990 |
| 2021 | $1 | $45K | $337K | $1 | — | — |
| 2020 | $-43,029 | $51K | $381K | $1 | — | View 990 |
| 2019 | $9K | $52K | $475K | $1 | — | View 990 |
| 2015 | $13K | $60K | $714K | $0 | — | View 990 |
| 2014 | $30K | $54K | $761K | $0 | — | View 990 |
| 2013 | $32K | $52K | $785K | $0 | — | View 990 |
| 2012 | $17K | $53K | $805K | $0 | — | View 990 |
| 2011 | $26K | $58K | $840K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $37K, and assets of $244K.
- 2022: Revenue of $-16,705, expenses of $45K, and assets of $274K (revenue -1670600.0% year-over-year).
- 2021: Revenue of $1, expenses of $45K, and assets of $337K.
- 2020: Revenue of $-43,029, expenses of $51K, and assets of $381K (revenue -593.7% year-over-year).
- 2019: Revenue of $9K, expenses of $52K, and assets of $475K (revenue -34.2% year-over-year).
- 2015: Revenue of $13K, expenses of $60K, and assets of $714K (revenue -55.3% year-over-year).
- 2014: Revenue of $30K, expenses of $54K, and assets of $761K (revenue -7.9% year-over-year).
- 2013: Revenue of $32K, expenses of $52K, and assets of $785K (revenue +84.7% year-over-year).
- 2012: Revenue of $17K, expenses of $53K, and assets of $805K (revenue -31.8% year-over-year).
- 2011: Revenue of $26K, expenses of $58K, and assets of $840K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dr Lewis A Hare And Ruth Lerman Hare Charitable Foundation:
Data Sources and Methodology
This transparency report for Dr Lewis A Hare And Ruth Lerman Hare Charitable 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.