Hamp Foundation Inc
Hamp Foundation Inc consistently grows assets with zero reported officer compensation.
EIN: 202059847 · Milwaukee, WI · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $407K |
| Total Expenses | $212K |
| Program Spending | 80% |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Hamp Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hamp Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hamp Foundation Inc
Hamp Foundation Inc (EIN: 202059847) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code B82. The organization reported total revenue of $407K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hamp Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hamp Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $399K |
| Total Expenses | $212K |
| Surplus / Deficit | +$186K |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | 46.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 88.2 months |
Financial Health Grade: A
In 2023, Hamp Foundation Inc reported a surplus of $186K with revenue exceeding expenses, holds 88.2 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), Hamp Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | +17.1% | +13.6% |
| 2022 | -11.0% | -11.2% | +15.0% |
| 2021 | -11.6% | -4.7% | +20.3% |
| 2020 | +3.5% | -3.1% | +32.6% |
| 2019 | +27116.6% | +52.7% | +31.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Hamp Foundation Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hamp Foundation Inc 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 surplus of $186K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly favorable for minimizing administrative costs.
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 Hamp Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data prevents precise efficiency analysis.
Strengths
The following positive indicators were identified for Hamp Foundation Inc:
- Consistent asset growth, increasing from $738,738 in 2011 to $1,733,192 currently.
- Zero reported officer compensation across all filings, indicating low administrative overhead.
- Consistent IRS 990 filing history, demonstrating transparency.
- Minimal to no reported liabilities, suggesting sound financial management.
- Expenses consistently lower than revenue, allowing for asset accumulation.
Frequently Asked Questions about Hamp Foundation Inc
Is Hamp Foundation Inc a legitimate charity?
Hamp Foundation Inc (EIN: 202059847) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $407K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Hamp Foundation Inc spend its money?
Hamp Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hamp Foundation Inc tax-deductible?
Hamp Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202059847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hamp Foundation Inc's spending goes to programs?
Hamp Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hamp Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hamp Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hamp Foundation Inc located?
Hamp Foundation Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 202059847. It is classified under NTEE code B82.
How many years of IRS 990 filings does Hamp Foundation Inc have?
Hamp 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 $407K in total revenue.
Is Hamp Foundation Inc financially stable?
Yes, Hamp Foundation Inc appears financially stable, consistently growing its assets from $738,738 in 2011 to $1,733,192 currently, and maintaining minimal to no liabilities.
Does Hamp Foundation Inc pay its officers?
No, all available IRS 990 filings for Hamp Foundation Inc report 0% officer compensation.
How has Hamp Foundation Inc's revenue trended?
Hamp Foundation Inc's revenue has generally trended upwards, with some fluctuations, from $332,284 in 2011 to $406,563 currently, demonstrating consistent income generation.
What is the organization's asset growth like?
The organization has shown strong asset growth, increasing from $738,738 in 2011 to $1,733,192 currently, indicating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Hamp Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hamp Foundation Inc's revenue has grown by 20%, moving from $332K to $399K. Total assets increased by 111.3% over the same period, from $739K to $1.6M. Total functional expenses rose by 107.5%, from $102K to $212K. In its most recent filing year (2023), Hamp Foundation Inc reported a surplus of $186K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $399K | $212K | $1.6M | $1 | — | View 990 |
| 2022 | $361K | $181K | $1.4M | $1 | — | View 990 |
| 2021 | $406K | $204K | $1.2M | $1 | — | View 990 |
| 2020 | $459K | $214K | $994K | $1 | — | — |
| 2019 | $443K | $221K | $749K | $1 | — | View 990 |
| 2015 | $2K | $145K | $571K | $0 | — | View 990 |
| 2014 | $777 | $150K | $715K | $0 | — | View 990 |
| 2013 | $920 | $124K | $864K | $0 | — | View 990 |
| 2012 | $362K | $113K | $987K | $0 | — | View 990 |
| 2011 | $332K | $102K | $739K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $399K, expenses of $212K, and assets of $1.6M (revenue +10.5% year-over-year).
- 2022: Revenue of $361K, expenses of $181K, and assets of $1.4M (revenue -11.0% year-over-year).
- 2021: Revenue of $406K, expenses of $204K, and assets of $1.2M (revenue -11.6% year-over-year).
- 2020: Revenue of $459K, expenses of $214K, and assets of $994K (revenue +3.5% year-over-year).
- 2019: Revenue of $443K, expenses of $221K, and assets of $749K (revenue +27116.6% year-over-year).
- 2015: Revenue of $2K, expenses of $145K, and assets of $571K (revenue +109.5% year-over-year).
- 2014: Revenue of $777, expenses of $150K, and assets of $715K (revenue -15.5% year-over-year).
- 2013: Revenue of $920, expenses of $124K, and assets of $864K (revenue -99.7% year-over-year).
- 2012: Revenue of $362K, expenses of $113K, and assets of $987K (revenue +8.9% year-over-year).
- 2011: Revenue of $332K, expenses of $102K, and assets of $739K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hamp Foundation Inc:
Data Sources and Methodology
This transparency report for Hamp 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.