Hales Family Foundation Inc
Hales Family Foundation consistently spends more than annual revenue, relying on substantial assets for grantmaking.
EIN: 133801701 · Baltimore, MD · NTEE: T207 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.0M |
| Total Expenses | $780K |
| Program Spending | 90% |
| Net Assets | $9.0M |
| Transparency Score | 75/100 |
Is Hales Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hales Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hales Family Foundation Inc
Hales Family Foundation Inc (EIN: 133801701) is a nonprofit organization based in Baltimore, MD, classified under NTEE code T207. The organization reported total revenue of $14.0M and total assets of $12.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hales Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hales Family Foundation Inc is a large nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $577K |
| Total Expenses | $780K |
| Surplus / Deficit | $-203,085 |
| Total Assets | $9.0M |
| Total Liabilities | $1 |
| Net Assets | $9.0M |
| Operating Margin | -35.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 139.1 months |
Financial Health Grade: B
In 2023, Hales Family Foundation Inc reported a deficit of $203K with expenses exceeding revenue, holds 139.1 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), Hales Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | +6.3% | -2.2% |
| 2022 | +76.2% | +51.3% | +2.2% |
| 2021 | -91.6% | -22.5% | +16.7% |
| 2020 | +1424.6% | -32.6% | +25.9% |
| 2019 | -45.2% | +36.6% | -9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Hales Family Foundation Inc with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Hales Family 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 $203K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through an external entity, 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 Hales Family Foundation Inc's IRS 990 filings:
- Consistent negative net income in recent years (e.g., 2023: -$203,085; 2022: -$149,243), indicating reliance on asset drawdowns.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in summary data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Hales Family Foundation Inc:
- Strong and growing asset base ($9,041,898 in 2023) provides long-term financial stability.
- Consistently minimal liabilities (often $1) indicates a very low debt burden.
- 0% officer compensation suggests highly efficient or volunteer-driven leadership.
- Consistent IRS 990 filings demonstrate transparency.
Frequently Asked Questions about Hales Family Foundation Inc
Is Hales Family Foundation Inc a legitimate charity?
Hales Family Foundation Inc (EIN: 133801701) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $14.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Hales Family Foundation Inc spend its money?
Hales Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hales Family Foundation Inc tax-deductible?
Hales Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133801701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hales Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hales Family Foundation Inc is above average for NTEE category T207 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hales Family Foundation Inc located?
Hales Family Foundation Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 133801701. It is classified under NTEE code T207.
How many years of IRS 990 filings does Hales Family Foundation Inc have?
Hales Family Foundation Inc 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 $14.0M in total revenue.
How does the Hales Family Foundation sustain its operations when expenses frequently exceed annual revenue?
The foundation sustains its operations by drawing from its substantial asset base, which was $9,041,898 in 2023. This suggests it operates as an endowment-based private foundation, using investment returns and principal to cover grantmaking and operational costs.
What is the nature of the '0% Officer Comp' reported across all filings?
The 0% officer compensation suggests that the foundation's officers are either volunteers, or their compensation is covered by an affiliated entity or through other means not reported as direct officer compensation on the 990 form. This is common for private family foundations.
What caused the significant revenue spike in 2020 to $3,933,164?
The significant revenue spike in 2020 likely indicates a large one-time contribution, a substantial investment gain, or a significant asset transfer that year, which boosted the foundation's financial capacity.
What specific programs or grants does the Hales Family Foundation support?
Based solely on the provided financial data, the specific programs or grants supported by the Hales Family Foundation cannot be determined. A review of the full IRS 990 forms, particularly Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals in the United States), would be necessary.
Filing History
IRS 990 filing history for Hales Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hales Family Foundation Inc's revenue has grown by 32.4%, moving from $436K to $577K. Total assets increased by 36.5% over the same period, from $6.6M to $9.0M. Total functional expenses rose by 376.2%, from $164K to $780K. In its most recent filing year (2023), Hales Family Foundation Inc reported a deficit of $203K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $577K | $780K | $9.0M | $1 | — | — |
| 2022 | $585K | $734K | $9.2M | $1 | — | View 990 |
| 2021 | $332K | $485K | $9.0M | $1 | — | View 990 |
| 2020 | $3.9M | $626K | $7.8M | $1 | — | View 990 |
| 2019 | $258K | $929K | $6.2M | $1 | — | View 990 |
| 2015 | $471K | $680K | $6.8M | $1 | — | View 990 |
| 2014 | $512K | $362K | $7.0M | $1 | — | View 990 |
| 2013 | $455K | $320K | $6.9M | $1 | — | View 990 |
| 2012 | $532K | $434K | $6.7M | $545 | — | View 990 |
| 2011 | $436K | $164K | $6.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $577K, expenses of $780K, and assets of $9.0M (revenue -1.3% year-over-year).
- 2022: Revenue of $585K, expenses of $734K, and assets of $9.2M (revenue +76.2% year-over-year).
- 2021: Revenue of $332K, expenses of $485K, and assets of $9.0M (revenue -91.6% year-over-year).
- 2020: Revenue of $3.9M, expenses of $626K, and assets of $7.8M (revenue +1424.6% year-over-year).
- 2019: Revenue of $258K, expenses of $929K, and assets of $6.2M (revenue -45.2% year-over-year).
- 2015: Revenue of $471K, expenses of $680K, and assets of $6.8M (revenue -8.0% year-over-year).
- 2014: Revenue of $512K, expenses of $362K, and assets of $7.0M (revenue +12.5% year-over-year).
- 2013: Revenue of $455K, expenses of $320K, and assets of $6.9M (revenue -14.5% year-over-year).
- 2012: Revenue of $532K, expenses of $434K, and assets of $6.7M (revenue +22.0% year-over-year).
- 2011: Revenue of $436K, expenses of $164K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hales Family Foundation Inc:
Data Sources and Methodology
This transparency report for Hales Family 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.