Hamaatsa Inc
Hamaatsa Inc. experiences a substantial revenue increase to $853,918, significantly above historical levels, with no officer compensation reported in past filings.
EIN: 205776772 · Albuquerque, NM · NTEE: V20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $854K |
| Total Expenses | $36K |
| Program Spending | 75% |
| Net Assets | $523K |
| Transparency Score | 70/100 |
Is Hamaatsa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hamaatsa Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hamaatsa Inc
Hamaatsa Inc (EIN: 205776772) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code V20. The organization reported total revenue of $854K and total assets of $770K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hamaatsa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hamaatsa Inc is a small nonprofit that has been operating for 19 years, with 5 years of IRS 990 filings on record (2010–2014). Revenue has grown at a compound annual rate of -25.9%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $36K |
| Surplus / Deficit | +$3K |
| Total Assets | $523K |
| Net Assets | $523K |
| Operating Margin | 7.2% |
| Months of Reserves | 175.8 months |
Financial Health Grade: A
In 2014, Hamaatsa Inc reported a surplus of $3K with revenue exceeding expenses, holds 175.8 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2010–2014), Hamaatsa Inc's revenue has declined at a compound annual growth rate (CAGR) of -25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +2.2% | -17.7% | +0.5% |
| 2013 | -17.2% | -24.9% | -1.1% |
| 2012 | -55.2% | -13.8% | -2.4% |
| 2011 | -20.2% | -22.1% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Hamaatsa Inc with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, Hamaatsa Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Historically, Hamaatsa Inc. has reported 0% officer compensation across all five available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, especially considering its past modest revenue levels.
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 Hamaatsa Inc's IRS 990 filings:
- Lack of detailed expense breakdown for the latest period, hindering analysis of how the significant revenue increase is being spent.
- Sudden and substantial increase in revenue ($853,918) without corresponding expense details, raising questions about financial stability and operational capacity to manage such growth.
Strengths
The following positive indicators were identified for Hamaatsa Inc:
- Consistent reporting of 0% officer compensation in historical filings, indicating a strong commitment to mission over executive pay.
- Zero liabilities reported in recent historical filings (2011-2014), suggesting good financial management and solvency.
- Significant growth in assets to $770,007, indicating an increase in organizational resources.
Frequently Asked Questions about Hamaatsa Inc
Is Hamaatsa Inc a legitimate charity?
Hamaatsa Inc (EIN: 205776772) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 70/100. It has 5 years of IRS 990 filings on record. Total revenue: $854K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Hamaatsa Inc spend its money?
Hamaatsa Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Hamaatsa Inc tax-deductible?
Hamaatsa Inc is registered as a tax-exempt nonprofit (EIN: 205776772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hamaatsa Inc's spending goes to programs?
Hamaatsa Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hamaatsa Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Hamaatsa Inc is above average for NTEE category V20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hamaatsa Inc located?
Hamaatsa Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 205776772. It is classified under NTEE code V20.
How many years of IRS 990 filings does Hamaatsa Inc have?
Hamaatsa Inc has 5 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 $854K in total revenue.
What is the source of Hamaatsa Inc.'s significant revenue increase to $853,918 in the latest period?
The provided data indicates a substantial jump in revenue from a historical high of $127,250 in 201012 to $853,918 in the latest period, but the specific source of this increase is not detailed in the provided IRS 990 data.
How are the increased revenues being allocated across programs, administration, and fundraising in the latest period?
The provided data does not include expense breakdowns for the latest period, making it impossible to determine the allocation of the $853,918 revenue across different spending categories.
Does Hamaatsa Inc. plan to maintain its policy of 0% officer compensation with its increased revenue?
While historical filings show 0% officer compensation, the latest filing data does not specify officer compensation, so it's unclear if this policy has changed or will change with the significantly increased revenue.
What specific programs does Hamaatsa Inc. operate, and what impact do they have?
The NTEE code V20 indicates 'Philanthropy, Voluntarism & Grantmaking Foundations', but the provided financial data does not detail specific programs or their impact.
Filing History
IRS 990 filing history for Hamaatsa Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2010–2014), Hamaatsa Inc's revenue has declined by 69.8%, moving from $127K to $38K. Total assets decreased by 6.1% over the same period, from $557K to $523K. Total functional expenses fell by 58.5%, from $86K to $36K. In its most recent filing year (2014), Hamaatsa Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $38K | $36K | $523K | $0 | — | View 990 |
| 2013 | $38K | $43K | $520K | $0 | — | View 990 |
| 2012 | $45K | $58K | $526K | $0 | — | View 990 |
| 2011 | $102K | $67K | $539K | $0 | — | View 990 |
| 2010 | $127K | $86K | $557K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $38K, expenses of $36K, and assets of $523K (revenue +2.2% year-over-year).
- 2013: Revenue of $38K, expenses of $43K, and assets of $520K (revenue -17.2% year-over-year).
- 2012: Revenue of $45K, expenses of $58K, and assets of $526K (revenue -55.2% year-over-year).
- 2011: Revenue of $102K, expenses of $67K, and assets of $539K (revenue -20.2% year-over-year).
- 2010: Revenue of $127K, expenses of $86K, and assets of $557K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hamaatsa Inc:
Data Sources and Methodology
This transparency report for Hamaatsa 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.