Fh Association
Fh Association maintains stable operations with consistent revenue and asset growth, reporting no officer compensation.
EIN: 208424918 · Phoenix, AZ · NTEE: T30 · Updated: 2026-03-28
Is Fh Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fh Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fh Association
Fh Association (EIN: 208424918) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T30. The organization reported total revenue of $153.2M and total assets of $21.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fh Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fh Association is a major nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131.0M |
| Total Expenses | $131.8M |
| Surplus / Deficit | $-790,333 |
| Total Assets | $25.1M |
| Total Liabilities | $14.9M |
| Net Assets | $10.2M |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 59.4% |
| Months of Reserves | 2.3 months |
Financial Health Grade: D
In 2023, Fh Association reported a deficit of $790K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 59.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fh Association's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.7% | -9.7% | +0.4% |
| 2022 | +33.2% | +32.7% | -5.6% |
| 2021 | -8.9% | -2.6% | -18.3% |
| 2020 | +11.3% | +7.7% | +63.0% |
| 2019 | +2.4% | +1.5% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Fh Association 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: 85%
- fundraising: 5%
According to IRS 990 filings, Fh Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $790K, with expenses exceeding revenue.
- Debt-to-asset ratio: 59.4%.
Executive Compensation Analysis
Fh Association consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $100 million annually. This suggests either a volunteer executive leadership or compensation structured in a way not reported as 'officer compensation' on the 990, which warrants further investigation for full transparency.
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 Fh Association's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, which may obscure executive remuneration details.
- Minor operational deficits in recent years (e.g., 2022, 2023) suggest expenses slightly outpaced revenue, though not critically.
Strengths
The following positive indicators were identified for Fh Association:
- Consistent revenue growth over the past decade, from $74.5M in 2015 to $130.9M in 2023.
- Significant asset growth, from $6.6M in 2014 to $25M in 2023, indicating strong financial health.
- Stable financial operations with expenses generally in line with revenues.
- Low liabilities relative to assets, demonstrating a strong balance sheet.
- Apparent commitment to directing funds to mission, given the reported zero officer compensation.
Frequently Asked Questions about Fh Association
Is Fh Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Fh Association (EIN: 208424918) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Fh Association spend its money?
Fh Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fh Association tax-deductible?
Fh Association is registered as a tax-exempt nonprofit (EIN: 208424918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fh Association manage to report 0% officer compensation despite its large revenue?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with annual revenues exceeding $100 million. This could indicate that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently on the 990, such as through independent contractor fees rather than employee salaries. Further investigation into their detailed compensation schedules would be necessary to understand this structure.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses, the overall financial health and consistent operational scale suggest a reasonable allocation. To get precise percentages, one would need to review the full IRS Form 990, Part IX, Statement of Functional Expenses, for each fiscal year.
Has Fh Association experienced any significant financial deficits?
Fh Association has experienced minor operational deficits in some years, such as in 2023 (Expenses $131,783,011 vs. Revenue $130,992,678) and 2022 (Expenses $145,961,025 vs. Revenue $143,475,473). However, these deficits are relatively small compared to their overall revenue and are offset by periods of surplus, indicating generally stable financial management rather than significant distress.
How has the organization's asset base grown over time?
The organization's assets have shown significant growth, increasing from $6,681,700 in 2014 to $25,064,832 in 2023. This consistent growth in assets, alongside increasing revenues, indicates effective financial stewardship and the accumulation of resources to support its mission.
Filing History
IRS 990 filing history for Fh Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fh Association's revenue has grown by 109.8%, moving from $62.4M to $131.0M. Total assets increased by 98.1% over the same period, from $12.7M to $25.1M. Total functional expenses rose by 105.1%, from $64.2M to $131.8M. In its most recent filing year (2023), Fh Association reported a deficit of $790K, with expenses exceeding revenue. The organization holds $14.9M in liabilities against $25.1M in assets (debt-to-asset ratio: 59.4%), resulting in net assets of $10.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131.0M | $131.8M | $25.1M | $14.9M | — | View 990 |
| 2022 | $143.5M | $146.0M | $25.0M | $14.0M | — | View 990 |
| 2021 | $107.7M | $110.0M | $26.4M | $12.5M | — | View 990 |
| 2020 | $118.2M | $113.0M | $32.4M | $16.1M | — | View 990 |
| 2019 | $106.2M | $104.9M | $19.9M | $8.8M | — | View 990 |
| 2018 | $103.7M | $103.4M | $19.7M | $9.7M | — | View 990 |
| 2017 | $94.6M | $92.4M | $17.7M | $8.0M | — | View 990 |
| 2016 | $98.8M | $95.1M | $13.2M | $5.9M | — | View 990 |
| 2015 | $74.6M | $74.0M | $8.6M | $4.5M | — | View 990 |
| 2014 | $80.4M | $79.3M | $6.7M | $3.4M | — | View 990 |
| 2013 | $73.1M | $75.5M | $4.7M | $2.6M | — | View 990 |
| 2012 | $110.8M | $113.4M | $9.6M | $5.4M | — | View 990 |
| 2011 | $62.4M | $64.2M | $12.7M | $6.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131.0M, expenses of $131.8M, and assets of $25.1M (revenue -8.7% year-over-year).
- 2022: Revenue of $143.5M, expenses of $146.0M, and assets of $25.0M (revenue +33.2% year-over-year).
- 2021: Revenue of $107.7M, expenses of $110.0M, and assets of $26.4M (revenue -8.9% year-over-year).
- 2020: Revenue of $118.2M, expenses of $113.0M, and assets of $32.4M (revenue +11.3% year-over-year).
- 2019: Revenue of $106.2M, expenses of $104.9M, and assets of $19.9M (revenue +2.4% year-over-year).
- 2018: Revenue of $103.7M, expenses of $103.4M, and assets of $19.7M (revenue +9.6% year-over-year).
- 2017: Revenue of $94.6M, expenses of $92.4M, and assets of $17.7M (revenue -4.3% year-over-year).
- 2016: Revenue of $98.8M, expenses of $95.1M, and assets of $13.2M (revenue +32.5% year-over-year).
- 2015: Revenue of $74.6M, expenses of $74.0M, and assets of $8.6M (revenue -7.2% year-over-year).
- 2014: Revenue of $80.4M, expenses of $79.3M, and assets of $6.7M (revenue +9.9% year-over-year).
- 2013: Revenue of $73.1M, expenses of $75.5M, and assets of $4.7M (revenue -34.0% year-over-year).
- 2012: Revenue of $110.8M, expenses of $113.4M, and assets of $9.6M (revenue +77.4% year-over-year).
- 2011: Revenue of $62.4M, expenses of $64.2M, and assets of $12.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fh Association:
Data Sources and Methodology
This transparency report for Fh Association 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.