Hagedorn Fund
Hagedorn Fund's assets halved over a decade due to consistent spending exceeding revenue.
EIN: 136048718 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $4.0M |
| Program Spending | 80% |
| Net Assets | $8.5M |
| Transparency Score | 65/100 |
Is Hagedorn Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hagedorn Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hagedorn Fund
Hagedorn Fund (EIN: 136048718) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $5.1M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hagedorn Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hagedorn Fund is a mid-size nonprofit that has been operating for 67 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-2,149,214 |
| Total Assets | $8.5M |
| Total Liabilities | $1 |
| Net Assets | $8.5M |
| Operating Margin | -117.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 25.6 months |
Financial Health Grade: B
In 2023, Hagedorn Fund reported a deficit of $2.1M with expenses exceeding revenue, holds 25.6 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), Hagedorn Fund's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.0% | -1.8% | -19.5% |
| 2022 | -56.8% | +9.3% | -20.3% |
| 2021 | +2.9% | +9.4% | -5.0% |
| 2020 | -17.6% | -5.3% | -4.5% |
| 2019 | +45.6% | +26.9% | -13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 Hagedorn Fund with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hagedorn Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $2.1M, 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 officers are not receiving salaries, which is a strong positive for donor trust and resource allocation.
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 Hagedorn Fund's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) across all reported periods.
- Significant decline in total assets, from over $17 million in 2011 to $8.4 million in 2023.
- Lack of clear revenue growth to offset increasing expenses.
Strengths
The following positive indicators were identified for Hagedorn Fund:
- Zero reported officer compensation, indicating a commitment to directing funds towards the mission.
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Frequently Asked Questions about Hagedorn Fund
Is Hagedorn Fund a legitimate charity?
Hagedorn Fund (EIN: 136048718) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.1M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Hagedorn Fund spend its money?
Hagedorn Fund directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hagedorn Fund tax-deductible?
Hagedorn Fund is registered as a tax-exempt nonprofit (EIN: 136048718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hagedorn Fund's spending goes to programs?
Hagedorn Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hagedorn Fund located?
Hagedorn Fund is headquartered in Chicago, Illinois and files with the IRS under EIN 136048718.
How many years of IRS 990 filings does Hagedorn Fund have?
Hagedorn Fund 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 $5.1M in total revenue.
Is Hagedorn Fund financially sustainable?
Based on the consistent trend of expenses exceeding revenue and a significant decline in assets from $17,024,433 in 2011 to $8,486,219 in 2023, the Hagedorn Fund's current financial model appears unsustainable in the long term.
What is causing the consistent decline in assets?
The primary cause for the decline in assets is that the organization's annual expenses consistently exceed its annual revenues. For example, in 2023, expenses were $3,977,246 while revenue was only $1,828,032, leading to a draw on existing assets.
How does the Hagedorn Fund cover its operational deficits?
The Hagedorn Fund appears to be covering its operational deficits by drawing down its existing asset base, as evidenced by the continuous decrease in total assets over the past decade.
Filing History
IRS 990 filing history for Hagedorn Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hagedorn Fund's revenue has declined by 15.3%, moving from $2.2M to $1.8M. Total assets decreased by 50.2% over the same period, from $17.0M to $8.5M. Total functional expenses rose by 79.3%, from $2.2M to $4.0M. In its most recent filing year (2023), Hagedorn Fund reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $4.0M | $8.5M | $1 | — | — |
| 2022 | $1.2M | $4.1M | $10.5M | $1 | — | View 990 |
| 2021 | $2.8M | $3.7M | $13.2M | $1 | — | View 990 |
| 2020 | $2.7M | $3.4M | $13.9M | $1 | — | View 990 |
| 2019 | $3.3M | $3.6M | $14.6M | $1 | — | View 990 |
| 2015 | $2.3M | $2.8M | $16.8M | $0 | — | View 990 |
| 2014 | $2.8M | $2.7M | $17.3M | $0 | — | View 990 |
| 2013 | $3.1M | $2.7M | $17.2M | $0 | — | View 990 |
| 2012 | $2.3M | $2.6M | $16.7M | $0 | — | View 990 |
| 2011 | $2.2M | $2.2M | $17.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $4.0M, and assets of $8.5M (revenue +51.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $4.1M, and assets of $10.5M (revenue -56.8% year-over-year).
- 2021: Revenue of $2.8M, expenses of $3.7M, and assets of $13.2M (revenue +2.9% year-over-year).
- 2020: Revenue of $2.7M, expenses of $3.4M, and assets of $13.9M (revenue -17.6% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.6M, and assets of $14.6M (revenue +45.6% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.8M, and assets of $16.8M (revenue -19.6% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.7M, and assets of $17.3M (revenue -10.0% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.7M, and assets of $17.2M (revenue +37.3% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.6M, and assets of $16.7M (revenue +6.1% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.2M, and assets of $17.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hagedorn Fund:
Data Sources and Methodology
This transparency report for Hagedorn Fund 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.