Ernest Hemingway Foundation
Ernest Hemingway Foundation maintains stable assets and zero liabilities with no officer compensation.
EIN: 136195832 · Boone, NC · Updated: 2026-03-28
Is Ernest Hemingway Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ernest Hemingway Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ernest Hemingway Foundation
Ernest Hemingway Foundation (EIN: 136195832) is a nonprofit organization based in Boone, NC. The organization reported total revenue of $224K and total assets of $708K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ernest Hemingway Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ernest Hemingway Foundation is a small nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $75K |
| Surplus / Deficit | +$15K |
| Total Assets | $695K |
| Net Assets | $695K |
| Operating Margin | 16.9% |
| Months of Reserves | 111.0 months |
Financial Health Grade: A
In 2023, Ernest Hemingway Foundation reported a surplus of $15K with revenue exceeding expenses, holds 111.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Ernest Hemingway Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.2% | -60.9% | +8.5% |
| 2022 | +51.7% | +156.9% | -17.8% |
| 2021 | -19.2% | -13.1% | +6.6% |
| 2020 | +44.2% | +8.5% | +4.4% |
| 2019 | -47.0% | -51.6% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Ernest Hemingway 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ernest Hemingway Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $15K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a nonprofit of this size with assets around $700,000.
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.
Strengths
The following positive indicators were identified for Ernest Hemingway Foundation:
- Consistent zero liabilities across all reported periods.
- No officer compensation reported, indicating volunteer leadership or highly efficient operations.
- Healthy and growing asset base relative to annual revenue (e.g., $694,566 assets vs. $90,346 revenue in 2023).
- Positive net income in most years, contributing to asset growth.
Frequently Asked Questions about Ernest Hemingway Foundation
Is Ernest Hemingway Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ernest Hemingway Foundation (EIN: 136195832) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Ernest Hemingway Foundation spend its money?
Ernest Hemingway Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ernest Hemingway Foundation tax-deductible?
Ernest Hemingway Foundation is registered as a tax-exempt nonprofit (EIN: 136195832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Ernest Hemingway Foundation a good charity?
Based on the provided data, the foundation exhibits strong financial health with no liabilities and a consistent asset base. The absence of officer compensation is a significant positive. However, a full assessment of 'goodness' would benefit from detailed program expense breakdowns.
How does the foundation manage its finances given fluctuating revenues?
Despite revenue fluctuations (e.g., $168,052 in 2022 vs. $90,346 in 2023), the foundation consistently maintains zero liabilities and a healthy asset base, suggesting prudent financial management and possibly a reliance on reserves during lower revenue periods.
What is the trend in the foundation's assets?
The foundation's assets have shown a general upward trend over the past decade, growing from $521,130 in 2015 to $694,566 in 2023, indicating financial growth and stability.
Filing History
IRS 990 filing history for Ernest Hemingway Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ernest Hemingway Foundation's revenue has grown by 28.1%, moving from $71K to $90K. Total assets increased by 76.4% over the same period, from $394K to $695K. Total functional expenses rose by 116.2%, from $35K to $75K. In its most recent filing year (2023), Ernest Hemingway Foundation reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $75K | $695K | $0 | — | — |
| 2022 | $168K | $192K | $640K | $0 | — | View 990 |
| 2021 | $111K | $75K | $779K | $0 | — | View 990 |
| 2020 | $137K | $86K | $730K | $0 | — | — |
| 2019 | $95K | $79K | $699K | $11K | — | View 990 |
| 2018 | $179K | $164K | $616K | $0 | — | View 990 |
| 2017 | $109K | $51K | $645K | $0 | — | View 990 |
| 2016 | $154K | $127K | $552K | $0 | — | View 990 |
| 2015 | $42K | $46K | $521K | $0 | — | View 990 |
| 2014 | $158K | $119K | $541K | $0 | — | View 990 |
| 2013 | $60K | $37K | $508K | $0 | — | View 990 |
| 2012 | $150K | $89K | $481K | $0 | — | View 990 |
| 2011 | $71K | $35K | $394K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $75K, and assets of $695K (revenue -46.2% year-over-year).
- 2022: Revenue of $168K, expenses of $192K, and assets of $640K (revenue +51.7% year-over-year).
- 2021: Revenue of $111K, expenses of $75K, and assets of $779K (revenue -19.2% year-over-year).
- 2020: Revenue of $137K, expenses of $86K, and assets of $730K (revenue +44.2% year-over-year).
- 2019: Revenue of $95K, expenses of $79K, and assets of $699K (revenue -47.0% year-over-year).
- 2018: Revenue of $179K, expenses of $164K, and assets of $616K (revenue +65.0% year-over-year).
- 2017: Revenue of $109K, expenses of $51K, and assets of $645K (revenue -29.3% year-over-year).
- 2016: Revenue of $154K, expenses of $127K, and assets of $552K (revenue +265.8% year-over-year).
- 2015: Revenue of $42K, expenses of $46K, and assets of $521K (revenue -73.3% year-over-year).
- 2014: Revenue of $158K, expenses of $119K, and assets of $541K (revenue +163.6% year-over-year).
- 2013: Revenue of $60K, expenses of $37K, and assets of $508K (revenue -60.1% year-over-year).
- 2012: Revenue of $150K, expenses of $89K, and assets of $481K (revenue +112.4% year-over-year).
- 2011: Revenue of $71K, expenses of $35K, and assets of $394K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ernest Hemingway Foundation:
Data Sources and Methodology
This transparency report for Ernest Hemingway 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.