Hala Charitable Foundation

Hala Charitable Foundation maintains stable assets with no executive compensation, but recent expenses exceed revenue.

EIN: 207382869 · Crested Butte, CO · NTEE: T23 · Updated: 2026-03-28

$282KRevenue

$725KAssets

85/100Mission Score (Excellent)

T23

About Hala Charitable Foundation

Hala Charitable Foundation (EIN: 207382869) is a nonprofit organization based in Crested Butte, CO, classified under NTEE code T23. The organization reported total revenue of $282K and total assets of $725K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hala Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Hala Charitable Foundation demonstrates a consistent, albeit modest, financial operation. Over the past several years, the organization has maintained a stable asset base, currently at $725,220, with minimal liabilities, indicating sound financial management and low debt risk. However, recent filings show a trend where expenses have exceeded revenue, such as in 2023 where expenses were $42,849 against revenues of $24,733, and in 2022 with expenses of $40,289 against revenues of $32,479. This suggests the organization is drawing down on its reserves or relying on prior year surpluses to cover current operational costs. The absence of officer compensation across all reported periods is a strong indicator of volunteer-driven leadership, enhancing donor confidence in funds being directed towards the mission rather than administrative salaries.

The foundation's spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent low expense levels relative to assets suggest a lean operation. The NTEE code T23 (Philanthropy, Voluntarism, and Grantmaking Foundations) implies its primary activity is grantmaking, which typically has lower direct program delivery costs compared to service-providing charities. The lack of officer compensation further supports an efficient use of funds. Transparency is high regarding executive compensation, as it is consistently reported as zero, which is a positive sign for donors.

While the organization has a solid asset base and no executive compensation, the recent trend of expenses exceeding revenue warrants attention. This could be a deliberate strategy to deploy accumulated funds for programmatic activities, or it could signal a need for increased fundraising efforts to sustain operations without depleting reserves. The overall financial health appears stable due to its assets, but the operational sustainability requires monitoring given the recent revenue-expense imbalance.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hala Charitable 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: 85%
fundraising: 5%

According to IRS 990 filings, Hala Charitable Foundation 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization, which is highly favorable for directing funds towards its mission.

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 Hala Charitable Foundation's IRS 990 filings:

Expenses consistently exceeding revenue in recent periods (e.g., 2023, 2022, 2021), potentially drawing down on reserves.

Strengths

The following positive indicators were identified for Hala Charitable Foundation:

Consistent 0% officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
Stable and substantial asset base ($725,220) with minimal liabilities ($1 in recent years), demonstrating financial stability.
Long filing history (10 filings) indicating sustained operation and compliance.

Frequently Asked Questions about Hala Charitable Foundation

Why have expenses exceeded revenue in recent years?

In 2023, expenses were $42,849 while revenue was $24,733, and in 2022, expenses were $40,289 against revenue of $32,479. This trend suggests the organization may be utilizing accumulated assets to fund its activities or experiencing a temporary dip in fundraising.

What is the primary use of the organization's assets?

With assets of $725,220 and an NTEE code of T23 (Grantmaking Foundations), it is highly probable that the assets are primarily held as an endowment or investment fund to generate income for grants and charitable distributions.

How does the lack of officer compensation impact the organization?

The consistent 0% officer compensation across all filings indicates a volunteer-driven leadership, which significantly reduces administrative overhead and allows a greater proportion of funds to be allocated directly to programmatic activities.

Filing History

IRS 990 filing history for Hala Charitable Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Hala Charitable Foundation's revenue has grown by 126.6%, moving from $11K to $25K. Total assets increased by 22.3% over the same period, from $402K to $492K. Total functional expenses rose by 71.5%, from $25K to $43K. In its most recent filing year (2023), Hala Charitable Foundation reported a deficit of $18K, with expenses exceeding revenue. The organization holds $1 in liabilities against $492K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $492K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$25K	$43K	$492K	$1	—	—
2022	$32K	$40K	$510K	$1	—	View 990
2021	$38K	$44K	$518K	$1	—	View 990
2020	$58K	$38K	$524K	$1	—	View 990
2019	$145K	$34K	$555K	$1	—	View 990
2015	$28K	$27K	$434K	$0	—	View 990
2014	$50K	$27K	$432K	$0	—	View 990
2013	$42K	$27K	$409K	$0	—	View 990
2012	$18K	$25K	$395K	$0	—	View 990
2011	$11K	$25K	$402K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $25K, expenses of $43K, and assets of $492K (revenue -23.8% year-over-year).
2022: Revenue of $32K, expenses of $40K, and assets of $510K (revenue -14.7% year-over-year).
2021: Revenue of $38K, expenses of $44K, and assets of $518K (revenue -34.7% year-over-year).
2020: Revenue of $58K, expenses of $38K, and assets of $524K (revenue -59.7% year-over-year).
2019: Revenue of $145K, expenses of $34K, and assets of $555K (revenue +409.2% year-over-year).
2015: Revenue of $28K, expenses of $27K, and assets of $434K (revenue -43.5% year-over-year).
2014: Revenue of $50K, expenses of $27K, and assets of $432K (revenue +21.0% year-over-year).
2013: Revenue of $42K, expenses of $27K, and assets of $409K (revenue +134.1% year-over-year).
2012: Revenue of $18K, expenses of $25K, and assets of $395K (revenue +62.6% year-over-year).
2011: Revenue of $11K, expenses of $25K, and assets of $402K.

Data Sources and Methodology

This transparency report for Hala Charitable 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.