Halsey Family Foundation
Halsey Family Foundation shows consistent asset growth despite a recent operational deficit and no reported officer compensation.
EIN: 202828241 · Gainesville, FL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $271K |
| Program Spending | 85% |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Halsey Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Halsey Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Halsey Family Foundation
Halsey Family Foundation (EIN: 202828241) is a nonprofit organization based in Gainesville, FL, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Halsey Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Halsey Family Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 43.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $271K |
| Surplus / Deficit | $-110,401 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -68.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 93.3 months |
Financial Health Grade: B
In 2023, Halsey Family Foundation reported a deficit of $110K with expenses exceeding revenue, holds 93.3 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), Halsey Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 43.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.7% | -18.2% | -5.0% |
| 2022 | -2.7% | +78.9% | +9.0% |
| 2021 | +15.7% | -27.5% | +20.2% |
| 2020 | +14.6% | -10.4% | +13.5% |
| 2019 | +27.1% | +198.3% | +186.1% |
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 Halsey 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: 85%
- fundraising: 5%
According to IRS 990 filings, Halsey Family 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $110K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Halsey Family Foundation reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which suggests a highly efficient use of funds for 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 Halsey Family Foundation's IRS 990 filings:
- Operational deficit in 2023 ($160,330 revenue vs. $270,731 expenses)
Strengths
The following positive indicators were identified for Halsey Family Foundation:
- Consistent asset growth from $95,988 in 2011 to $2,104,775 in 2023
- Minimal liabilities ($1 in recent years)
- 0% officer compensation reported across all filings, indicating high efficiency
- Strong surpluses in multiple years (e.g., 2022: $513,043 revenue vs. $331,107 expenses)
Frequently Asked Questions about Halsey Family Foundation
Is Halsey Family Foundation a legitimate charity?
Halsey Family Foundation (EIN: 202828241) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Halsey Family Foundation spend its money?
Halsey Family Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Halsey Family Foundation tax-deductible?
Halsey Family Foundation is registered as a tax-exempt nonprofit (EIN: 202828241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Halsey Family Foundation's spending goes to programs?
Halsey Family Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Halsey Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Halsey 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 Halsey Family Foundation located?
Halsey Family Foundation is headquartered in Gainesville, Florida and files with the IRS under EIN 202828241. It is classified under NTEE code T20.
How many years of IRS 990 filings does Halsey Family Foundation have?
Halsey 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 $1.2M in total revenue.
Is Halsey Family Foundation a good charity?
Based on the available data, the Halsey Family Foundation appears to be a good charity. It has demonstrated consistent asset growth, minimal liabilities, and a strong commitment to its mission by reporting 0% officer compensation, suggesting a high proportion of funds are directed towards its programs.
What caused the deficit in 2023?
The provided data does not specify the exact cause of the 2023 deficit where expenses ($270,731) exceeded revenue ($160,330). It could be due to increased program spending, a temporary dip in donations, or strategic investments. Further detailed financial statements would be needed for a precise answer.
How does the foundation sustain its operations without officer compensation?
The foundation likely sustains its operations through volunteer efforts for leadership roles, or its operational costs are covered by other means not categorized as officer compensation, allowing more funds to be allocated directly to its mission.
Filing History
IRS 990 filing history for Halsey Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Halsey Family Foundation's revenue has grown by 7285.1%, moving from $2K to $160K. Total assets increased by 2092.7% over the same period, from $96K to $2.1M. Total functional expenses rose by 2886.2%, from $9K to $271K. In its most recent filing year (2023), Halsey Family Foundation reported a deficit of $110K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $271K | $2.1M | $1 | — | — |
| 2022 | $513K | $331K | $2.2M | $1 | — | View 990 |
| 2021 | $528K | $185K | $2.0M | $1 | — | — |
| 2020 | $456K | $255K | $1.7M | $1 | — | — |
| 2019 | $398K | $285K | $1.5M | $1 | — | View 990 |
| 2015 | $313K | $96K | $521K | $1 | — | View 990 |
| 2014 | $338K | $21K | $302K | $1 | — | View 990 |
| 2013 | $11K | $8K | $97K | $0 | — | View 990 |
| 2012 | $5K | $7K | $94K | $0 | — | View 990 |
| 2011 | $2K | $9K | $96K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $271K, and assets of $2.1M (revenue -68.7% year-over-year).
- 2022: Revenue of $513K, expenses of $331K, and assets of $2.2M (revenue -2.7% year-over-year).
- 2021: Revenue of $528K, expenses of $185K, and assets of $2.0M (revenue +15.7% year-over-year).
- 2020: Revenue of $456K, expenses of $255K, and assets of $1.7M (revenue +14.6% year-over-year).
- 2019: Revenue of $398K, expenses of $285K, and assets of $1.5M (revenue +27.1% year-over-year).
- 2015: Revenue of $313K, expenses of $96K, and assets of $521K (revenue -7.4% year-over-year).
- 2014: Revenue of $338K, expenses of $21K, and assets of $302K (revenue +3110.8% year-over-year).
- 2013: Revenue of $11K, expenses of $8K, and assets of $97K (revenue +112.8% year-over-year).
- 2012: Revenue of $5K, expenses of $7K, and assets of $94K (revenue +127.8% year-over-year).
- 2011: Revenue of $2K, expenses of $9K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Halsey Family Foundation:
Data Sources and Methodology
This transparency report for Halsey 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.