Hagar Usa Inc
Hagar USA Inc. shows recent financial stability with no reported officer compensation, despite historical revenue fluctuations.
EIN: 201507669 · Charlotte, NC · NTEE: R24 · Updated: 2026-03-28
Is Hagar Usa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hagar Usa Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hagar Usa Inc
Hagar Usa Inc (EIN: 201507669) is a nonprofit organization based in Charlotte, NC, classified under NTEE code R24. The organization reported total revenue of $934K and total assets of $234K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hagar Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hagar Usa Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $655K |
| Total Expenses | $522K |
| Surplus / Deficit | +$134K |
| Total Assets | $182K |
| Total Liabilities | $791 |
| Net Assets | $181K |
| Operating Margin | 20.4% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2023, Hagar Usa Inc reported a surplus of $134K with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Hagar Usa Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.5% | -6.1% | +240.3% |
| 2022 | -21.3% | -3.1% | -57.6% |
| 2021 | +78.3% | +52.7% | +35.6% |
| 2020 | -5.2% | -18.7% | -29.8% |
| 2019 | -44.0% | -6.6% | -43.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Hagar Usa 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: 85%
- fundraising: 5%
According to IRS 990 filings, Hagar Usa Inc 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 surplus of $134K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Hagar USA Inc. reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is a strong positive for directing funds to mission-related activities.
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 Hagar Usa Inc's IRS 990 filings:
- Inconsistent revenue and expense management in some prior years, with expenses exceeding revenue (e.g., 2022, 2019, 2017, 2014).
Strengths
The following positive indicators were identified for Hagar Usa Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in leadership costs.
- Positive financial performance in the most recent filing (2023), with revenue exceeding expenses by over $130,000.
- Regular and consistent filing of IRS 990 forms over 12 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Hagar Usa Inc
Is Hagar Usa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hagar Usa Inc (EIN: 201507669) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Hagar Usa Inc spend its money?
Hagar Usa Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hagar Usa Inc tax-deductible?
Hagar Usa Inc is registered as a tax-exempt nonprofit (EIN: 201507669). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hagar USA Inc. a good charity?
Based on the available data, Hagar USA Inc. appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, which suggests a strong commitment to directing resources towards its mission. Its financial health has shown recent improvement, with revenue exceeding expenses in 2023.
How has Hagar USA Inc.'s financial health changed over time?
Hagar USA Inc.'s financial health has fluctuated. While it experienced periods where expenses exceeded revenue (e.g., 2022, 2019, 2017, 2014), it has also shown strong years with significant revenue surpluses (e.g., 2023, 2021, 2018, 2016). The latest filing for 2023 shows a positive financial position with revenue of $655,452 exceeding expenses of $521,504.
What is Hagar USA Inc.'s approach to executive compensation?
Hagar USA Inc. reports 0% officer compensation in all available IRS 990 filings. This indicates a highly efficient approach to executive compensation, either through volunteer leadership or compensation structured in a way that does not fall under 'officer compensation' on the 990 form, allowing more funds to be allocated to programs.
Filing History
IRS 990 filing history for Hagar Usa Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Hagar Usa Inc's revenue has declined by 35.6%, moving from $1.0M to $655K. Total assets decreased by 37.4% over the same period, from $290K to $182K. Total functional expenses fell by 49.9%, from $1.0M to $522K. In its most recent filing year (2023), Hagar Usa Inc reported a surplus of $134K, with revenue exceeding expenses. The organization holds $791 in liabilities against $182K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $181K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $655K | $522K | $182K | $791 | — | — |
| 2022 | $477K | $555K | $53K | $7K | — | View 990 |
| 2021 | $606K | $573K | $126K | $700 | — | View 990 |
| 2020 | $340K | $375K | $93K | $200 | — | — |
| 2019 | $358K | $462K | $132K | $4K | — | View 990 |
| 2018 | $641K | $494K | $233K | $1K | — | View 990 |
| 2017 | $394K | $410K | $93K | $8K | — | View 990 |
| 2016 | $1.0M | $940K | $102K | $0 | — | View 990 |
| 2015 | $778K | $758K | $224K | $198K | — | View 990 |
| 2014 | $1.1M | $1.4M | $113K | $108K | — | View 990 |
| 2012 | $1.6M | $1.5M | $274K | $59K | — | View 990 |
| 2011 | $1.0M | $1.0M | $290K | $139K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $655K, expenses of $522K, and assets of $182K (revenue +37.5% year-over-year).
- 2022: Revenue of $477K, expenses of $555K, and assets of $53K (revenue -21.3% year-over-year).
- 2021: Revenue of $606K, expenses of $573K, and assets of $126K (revenue +78.3% year-over-year).
- 2020: Revenue of $340K, expenses of $375K, and assets of $93K (revenue -5.2% year-over-year).
- 2019: Revenue of $358K, expenses of $462K, and assets of $132K (revenue -44.0% year-over-year).
- 2018: Revenue of $641K, expenses of $494K, and assets of $233K (revenue +62.7% year-over-year).
- 2017: Revenue of $394K, expenses of $410K, and assets of $93K (revenue -61.2% year-over-year).
- 2016: Revenue of $1.0M, expenses of $940K, and assets of $102K (revenue +30.7% year-over-year).
- 2015: Revenue of $778K, expenses of $758K, and assets of $224K (revenue -31.9% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.4M, and assets of $113K (revenue -27.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $274K (revenue +54.0% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.0M, and assets of $290K.
Data Sources and Methodology
This transparency report for Hagar Usa 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.