Geoffrey C Hughes Foundation Inc
Geoffrey C Hughes Foundation consistently spends more than its annual revenue, drawing from its substantial $24M asset base.
EIN: 133622255 · Wilmington, DE · Updated: 2026-03-28
Is Geoffrey C Hughes Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Geoffrey C Hughes Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Geoffrey C Hughes Foundation Inc
Geoffrey C Hughes Foundation Inc (EIN: 133622255) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $3.7M and total assets of $24.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Geoffrey C Hughes Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Geoffrey C Hughes Foundation Inc is a mid-size nonprofit that has been operating for 35 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $626K |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-1,902,407 |
| Total Assets | $25.1M |
| Total Liabilities | $1 |
| Net Assets | $25.1M |
| Operating Margin | -304.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 119.0 months |
Financial Health Grade: B
In 2023, Geoffrey C Hughes Foundation Inc reported a deficit of $1.9M with expenses exceeding revenue, holds 119.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Geoffrey C Hughes Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.4% | +3.5% | -7.1% |
| 2022 | +77.3% | +15.1% | -4.0% |
| 2021 | +1015.8% | +32.8% | -4.7% |
| 2020 | -98.5% | -11.2% | -4.2% |
| 2016 | +17.6% | -5.0% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Geoffrey C Hughes Foundation Inc 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, Geoffrey C Hughes Foundation Inc 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 $1.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly efficient for a foundation of its size.
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 Geoffrey C Hughes Foundation Inc's IRS 990 filings:
- Consistent annual expenses exceeding annual revenue, potentially drawing down assets.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting full spending efficiency analysis.
Strengths
The following positive indicators were identified for Geoffrey C Hughes Foundation Inc:
- Substantial asset base of $24,187,805 provides significant capacity for grant-making.
- Zero officer compensation reported across all filings, indicating highly efficient use of funds for executive salaries.
- Consistent history of IRS 990 filings demonstrates transparency and compliance.
Frequently Asked Questions about Geoffrey C Hughes Foundation Inc
Is Geoffrey C Hughes Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Geoffrey C Hughes Foundation Inc (EIN: 133622255) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Geoffrey C Hughes Foundation Inc spend its money?
Geoffrey C Hughes Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Geoffrey C Hughes Foundation Inc tax-deductible?
Geoffrey C Hughes Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133622255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Geoffrey C Hughes Foundation Inc. financially sustainable given its spending patterns?
The foundation has consistently spent more than its annual revenue in recent years (e.g., $2.5M expenses vs. $0.6M revenue in 202303). While it has a substantial asset base of $24.1M, this pattern suggests it is drawing down its principal, which may not be sustainable indefinitely without significant investment gains or new contributions.
What is the primary purpose of the Geoffrey C Hughes Foundation Inc.?
Based on the financial data, particularly the consistent revenue and significant assets, it operates as a grant-making private foundation. The NTEE code is unknown, but the financial structure points to philanthropic distribution rather than direct service provision.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs very efficiently, especially regarding executive compensation, which is reported as 0% across all filings. This suggests a lean operational structure or reliance on volunteer leadership/minimal paid staff.
Filing History
IRS 990 filing history for Geoffrey C Hughes Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Geoffrey C Hughes Foundation Inc's revenue has declined by 73.5%, moving from $2.4M to $626K. Total assets increased by 5.8% over the same period, from $23.7M to $25.1M. Total functional expenses rose by 27.6%, from $2.0M to $2.5M. In its most recent filing year (2023), Geoffrey C Hughes Foundation Inc reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $1 in liabilities against $25.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $626K | $2.5M | $25.1M | $1 | — | View 990 |
| 2022 | $1.3M | $2.4M | $27.0M | $1 | — | View 990 |
| 2021 | $742K | $2.1M | $28.1M | $1 | — | View 990 |
| 2020 | $66K | $1.6M | $29.5M | $1 | — | — |
| 2016 | $4.4M | $1.8M | $30.8M | $0 | — | View 990 |
| 2015 | $3.7M | $1.9M | $28.2M | $0 | — | View 990 |
| 2014 | $4.2M | $2.0M | $26.4M | $0 | — | View 990 |
| 2013 | $2.1M | $1.6M | $24.2M | $0 | — | View 990 |
| 2012 | $2.4M | $2.0M | $23.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $626K, expenses of $2.5M, and assets of $25.1M (revenue -52.4% year-over-year).
- 2022: Revenue of $1.3M, expenses of $2.4M, and assets of $27.0M (revenue +77.3% year-over-year).
- 2021: Revenue of $742K, expenses of $2.1M, and assets of $28.1M (revenue +1015.8% year-over-year).
- 2020: Revenue of $66K, expenses of $1.6M, and assets of $29.5M (revenue -98.5% year-over-year).
- 2016: Revenue of $4.4M, expenses of $1.8M, and assets of $30.8M (revenue +17.6% year-over-year).
- 2015: Revenue of $3.7M, expenses of $1.9M, and assets of $28.2M (revenue -11.9% year-over-year).
- 2014: Revenue of $4.2M, expenses of $2.0M, and assets of $26.4M (revenue +99.8% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.6M, and assets of $24.2M (revenue -10.8% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.0M, and assets of $23.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Geoffrey C Hughes Foundation Inc:
Data Sources and Methodology
This transparency report for Geoffrey C Hughes Foundation 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.