Fhmc Inc
Fhmc Inc consistently accumulates significant assets with minimal reported expenses and no officer compensation.
EIN: 133809029 · New York, NY · NTEE: J30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.7M |
| Total Expenses | $457K |
| Program Spending | 50% |
| Net Assets | $49.9M |
| Transparency Score | 45/100 |
Is Fhmc Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fhmc Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Fhmc Inc
Fhmc Inc (EIN: 133809029) is a nonprofit organization based in New York, NY, classified under NTEE code J30. The organization reported total revenue of $23.7M and total assets of $55.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fhmc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fhmc Inc is a large nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 21.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $457K |
| Surplus / Deficit | +$4.5M |
| Total Assets | $54.8M |
| Total Liabilities | $4.9M |
| Net Assets | $49.9M |
| Operating Margin | 90.8% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 1438.7 months |
Financial Health Grade: A
In 2023, Fhmc Inc reported a surplus of $4.5M with revenue exceeding expenses, holds 1438.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Fhmc Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +166.8% | +35.8% | +19.3% |
| 2022 | +126.9% | +11.9% | -0.1% |
| 2021 | -86.9% | -8.3% | +3.0% |
| 2020 | +194.4% | -48.2% | +18.2% |
| 2019 | -35.2% | +22.6% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Fhmc Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Fhmc Inc allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.9%.
Executive Compensation Analysis
Fhmc Inc consistently reports 0% officer compensation across all ten filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of its size and asset base.
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 Fhmc Inc's IRS 990 filings:
- Extremely low expense-to-revenue ratio, suggesting minimal direct spending on activities relative to income (e.g., 2023: $456,881 expenses vs. $4,989,427 revenue).
- Consistent 0% officer compensation, which is highly unusual for an organization with assets exceeding $50 million.
- Rapid and substantial asset accumulation without clear corresponding program expenditures.
- Lack of detailed information on how the minimal expenses are allocated to programs, administration, and fundraising, making efficiency assessment difficult.
Strengths
The following positive indicators were identified for Fhmc Inc:
- Strong financial position with significant and growing assets ($54,777,000 in 2023).
- No reported officer compensation, indicating a potential commitment to minimizing administrative overhead in that specific area.
- Consistent filing history over 10 periods, demonstrating compliance with IRS reporting requirements.
Frequently Asked Questions about Fhmc Inc
Is Fhmc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fhmc Inc (EIN: 133809029) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Fhmc Inc spend its money?
Fhmc Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fhmc Inc tax-deductible?
Fhmc Inc is registered as a tax-exempt nonprofit (EIN: 133809029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fhmc Inc's spending goes to programs?
Fhmc Inc directs 50% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Fhmc Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Fhmc Inc is near average for NTEE category J30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fhmc Inc located?
Fhmc Inc is headquartered in New York, New York and files with the IRS under EIN 133809029. It is classified under NTEE code J30.
How many years of IRS 990 filings does Fhmc Inc have?
Fhmc Inc 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 $23.7M in total revenue.
What is the primary purpose of Fhmc Inc, given its high revenue-to-expense ratio and significant asset accumulation?
The financial data suggests Fhmc Inc may function more as an asset holding or investment entity rather than a traditional direct service nonprofit, given its substantial asset growth and minimal reported expenses relative to revenue.
How are the organization's operations managed and compensated if no officer compensation is reported?
The consistent reporting of 0% officer compensation across all filings is unusual and suggests that management may be volunteer-based, compensated through other means not classified as officer compensation, or that the organization has a unique operational structure.
What are the specific program activities and their impact, given the low reported expenses?
With expenses consistently being a small fraction of revenue (e.g., $456,881 expenses vs. $4,989,427 revenue in 2023), it's unclear how significant program activities are funded or what their scope might be.
Filing History
IRS 990 filing history for Fhmc Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Fhmc Inc's revenue has grown by 479.1%, moving from $862K to $5.0M. Total assets increased by 1162.5% over the same period, from $4.3M to $54.8M. Total functional expenses rose by 53.9%, from $297K to $457K. In its most recent filing year (2023), Fhmc Inc reported a surplus of $4.5M, with revenue exceeding expenses. The organization holds $4.9M in liabilities against $54.8M in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $49.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $457K | $54.8M | $4.9M | — | — |
| 2022 | $1.9M | $336K | $45.9M | $1.3M | — | View 990 |
| 2021 | $824K | $301K | $46.0M | $1.2M | — | View 990 |
| 2020 | $6.3M | $328K | $44.6M | $1.2M | — | View 990 |
| 2019 | $2.1M | $633K | $37.7M | $350K | — | View 990 |
| 2018 | $3.3M | $516K | $35.8M | $299K | — | View 990 |
| 2017 | $1.7M | $319K | $33.1M | $444K | — | View 990 |
| 2016 | $966K | $302K | $5.4M | $4.3M | — | View 990 |
| 2015 | $841K | $285K | $3.8M | $3.3M | — | View 990 |
| 2014 | $862K | $297K | $4.3M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $457K, and assets of $54.8M (revenue +166.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $336K, and assets of $45.9M (revenue +126.9% year-over-year).
- 2021: Revenue of $824K, expenses of $301K, and assets of $46.0M (revenue -86.9% year-over-year).
- 2020: Revenue of $6.3M, expenses of $328K, and assets of $44.6M (revenue +194.4% year-over-year).
- 2019: Revenue of $2.1M, expenses of $633K, and assets of $37.7M (revenue -35.2% year-over-year).
- 2018: Revenue of $3.3M, expenses of $516K, and assets of $35.8M (revenue +97.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $319K, and assets of $33.1M (revenue +72.5% year-over-year).
- 2016: Revenue of $966K, expenses of $302K, and assets of $5.4M (revenue +14.9% year-over-year).
- 2015: Revenue of $841K, expenses of $285K, and assets of $3.8M (revenue -2.4% year-over-year).
- 2014: Revenue of $862K, expenses of $297K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fhmc Inc:
Data Sources and Methodology
This transparency report for Fhmc Inc 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.