H And B Family Foundation
H And B Family Foundation consistently operates with minimal liabilities and no officer compensation, drawing on substantial assets to fund operations.
EIN: 203508196 · Lima, OH · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $379K |
| Program Spending | 90% |
| Net Assets | $4.0M |
| Transparency Score | 85/100 |
Is H And B Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
H And B Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About H And B Family Foundation
H And B Family Foundation (EIN: 203508196) is a nonprofit organization based in Lima, OH, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of H And B Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
H And B Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $298K |
| Total Expenses | $379K |
| Surplus / Deficit | $-80,587 |
| Total Assets | $4.0M |
| Total Liabilities | $1 |
| Net Assets | $4.0M |
| Operating Margin | -27.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 125.5 months |
Financial Health Grade: B
In 2023, H And B Family Foundation reported a deficit of $81K with expenses exceeding revenue, holds 125.5 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), H And B Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.1% | -5.6% | -1.9% |
| 2022 | +60.3% | +142.7% | -3.3% |
| 2021 | -0.1% | -6.9% | -0.1% |
| 2020 | -92.9% | +6.3% | -0.4% |
| 2019 | +685.6% | -70.6% | +147.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 H And B Family 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, H And B Family Foundation 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 $81K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is a strong positive for efficiency.
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 H And B Family Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue in recent years (e.g., 2023, 2022, 2021, 2020, 2015, 2014, 2013, 2012, 2011) without a clear explanation of how this is sustained long-term beyond asset drawdowns.
Strengths
The following positive indicators were identified for H And B Family Foundation:
- Extremely low liabilities ($1 reported consistently), indicating strong financial health and minimal debt.
- No reported officer compensation across all filings, suggesting high efficiency and potentially volunteer leadership.
- Substantial asset base ($4,300,066) provides financial stability and capacity for grant-making.
- Strong program focus, indicated by the high program spending percentage.
Frequently Asked Questions about H And B Family Foundation
Is H And B Family Foundation a legitimate charity?
H And B Family Foundation (EIN: 203508196) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does H And B Family Foundation spend its money?
H And B Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to H And B Family Foundation tax-deductible?
H And B Family Foundation is registered as a tax-exempt nonprofit (EIN: 203508196). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does H And B Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), H And B Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is H And B Family Foundation located?
H And B Family Foundation is headquartered in Lima, Ohio and files with the IRS under EIN 203508196. It is classified under NTEE code T20.
How many years of IRS 990 filings does H And B Family Foundation have?
H And B Family Foundation 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 $1.7M in total revenue.
How does H And B Family Foundation sustain operations given consistent expense over revenue in recent years?
The foundation likely sustains operations by drawing from its substantial asset base, which stood at $4,300,066 in the latest period, as revenue has frequently been less than expenses (e.g., $298,300 revenue vs. $378,887 expenses in 2023).
What is the primary source of the foundation's revenue, given its fluctuating nature?
While specific sources aren't detailed in the provided data, the significant spike in revenue to $2,324,559 in 2019 suggests a large one-time contribution or investment gain, contrasting with more typical annual revenues in the $160,000-$300,000 range.
Does the foundation engage in any fundraising activities?
Based on the 0% allocation to fundraising in the spending breakdown, the foundation does not appear to engage in significant, if any, direct fundraising activities, likely relying on its endowment and investment returns.
Filing History
IRS 990 filing history for H And B Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), H And B Family Foundation's revenue has grown by 75.1%, moving from $170K to $298K. Total assets increased by 61.4% over the same period, from $2.5M to $4.0M. Total functional expenses fell by 43.1%, from $666K to $379K. In its most recent filing year (2023), H And B Family Foundation reported a deficit of $81K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $298K | $379K | $4.0M | $1 | — | View 990 |
| 2022 | $264K | $401K | $4.0M | $1 | — | View 990 |
| 2021 | $164K | $165K | $4.2M | $1 | — | — |
| 2020 | $165K | $178K | $4.2M | $1 | — | View 990 |
| 2019 | $2.3M | $167K | $4.2M | $1 | — | View 990 |
| 2015 | $296K | $569K | $1.7M | $1 | — | View 990 |
| 2014 | $341K | $518K | $2.0M | $1 | — | View 990 |
| 2013 | $195K | $246K | $2.2M | $1 | — | View 990 |
| 2012 | $140K | $367K | $2.2M | $1 | — | View 990 |
| 2011 | $170K | $666K | $2.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $298K, expenses of $379K, and assets of $4.0M (revenue +13.1% year-over-year).
- 2022: Revenue of $264K, expenses of $401K, and assets of $4.0M (revenue +60.3% year-over-year).
- 2021: Revenue of $164K, expenses of $165K, and assets of $4.2M (revenue -0.1% year-over-year).
- 2020: Revenue of $165K, expenses of $178K, and assets of $4.2M (revenue -92.9% year-over-year).
- 2019: Revenue of $2.3M, expenses of $167K, and assets of $4.2M (revenue +685.6% year-over-year).
- 2015: Revenue of $296K, expenses of $569K, and assets of $1.7M (revenue -13.3% year-over-year).
- 2014: Revenue of $341K, expenses of $518K, and assets of $2.0M (revenue +75.3% year-over-year).
- 2013: Revenue of $195K, expenses of $246K, and assets of $2.2M (revenue +38.8% year-over-year).
- 2012: Revenue of $140K, expenses of $367K, and assets of $2.2M (revenue -17.7% year-over-year).
- 2011: Revenue of $170K, expenses of $666K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for H And B Family Foundation:
Data Sources and Methodology
This transparency report for H And B Family 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.