Hanley Center Foundation Inc
Hanley Center Foundation Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 202871945 · Mangonia Park, FL · NTEE: F20 · Updated: 2026-03-28
Is Hanley Center Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hanley Center Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hanley Center Foundation Inc
Hanley Center Foundation Inc (EIN: 202871945) is a nonprofit organization based in Mangonia Park, FL, classified under NTEE code F20. The organization reported total revenue of $35.5M and total assets of $44.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanley Center Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hanley Center 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: 75%
- fundraising: 10%
According to IRS 990 filings, Hanley Center Foundation 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.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all periods, which is unusual for an organization of this size with growing revenue and assets. This either indicates a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which would reduce transparency.
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 Hanley Center Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure executive remuneration if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Hanley Center Foundation Inc:
- Strong and consistent revenue growth, increasing from $1.75M in 2015 to $11.57M in 2023.
- Healthy asset growth, reaching $21.84M in 2023 from $11.75M in 2015.
- Expenses consistently below revenue, indicating sound financial management and positive net income.
- Low liabilities relative to assets, suggesting financial stability and low debt burden.
Frequently Asked Questions about Hanley Center Foundation Inc
Is Hanley Center Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hanley Center Foundation Inc (EIN: 202871945) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Hanley Center Foundation Inc spend its money?
Hanley Center Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hanley Center Foundation Inc tax-deductible?
Hanley Center Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202871945). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is officer compensation consistently reported as 0%?
The filings indicate no officer compensation, which is uncommon for an organization with over $11 million in annual revenue. This could mean executive leadership is entirely volunteer-based or compensation is reported differently, requiring further detail from the full 990.
What is the detailed breakdown of program vs. administrative vs. fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses. To assess spending efficiency accurately, a deeper dive into the full IRS 990 forms is needed to see the allocation across programs, administration, and fundraising.
How does the organization manage its significant asset growth?
Assets have grown substantially from $11,748,223 in 2015 to $21,840,637 in 2023. This growth suggests effective financial management and potentially significant reserves or investments, which could be used to expand programs or ensure long-term sustainability.
Filing History
IRS 990 filing history for Hanley Center Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hanley Center Foundation Inc's revenue has grown by 1573.9%, moving from $691K to $11.6M. Total assets increased by 108.3% over the same period, from $10.5M to $21.8M. Total functional expenses rose by 746.8%, from $1.2M to $9.9M. In its most recent filing year (2023), Hanley Center Foundation Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $4.1M in liabilities against $21.8M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $17.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11.6M | $9.9M | $21.8M | $4.1M | — | — |
| 2022 | $9.7M | $7.5M | $17.2M | $993K | — | View 990 |
| 2021 | $6.6M | $5.3M | $15.9M | $623K | — | View 990 |
| 2020 | $6.0M | $4.4M | $13.2M | $662K | — | View 990 |
| 2019 | $4.7M | $3.9M | $11.4M | $412K | — | View 990 |
| 2018 | $3.1M | $3.0M | $10.2M | $224K | — | View 990 |
| 2017 | $3.2M | $3.0M | $10.2M | $259K | — | View 990 |
| 2016 | $2.9M | $3.8M | $10.1M | $208K | — | View 990 |
| 2015 | $1.8M | $1.7M | $11.7M | $135K | — | View 990 |
| 2014 | $2.1M | $2.5M | $13.9M | $1.3M | — | View 990 |
| 2013 | $3.8M | $2.5M | $14.0M | $1.7M | — | View 990 |
| 2012 | $565K | $676K | $11.1M | $575K | — | View 990 |
| 2011 | $691K | $1.2M | $10.5M | $186K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.6M, expenses of $9.9M, and assets of $21.8M (revenue +19.3% year-over-year).
- 2022: Revenue of $9.7M, expenses of $7.5M, and assets of $17.2M (revenue +46.1% year-over-year).
- 2021: Revenue of $6.6M, expenses of $5.3M, and assets of $15.9M (revenue +10.4% year-over-year).
- 2020: Revenue of $6.0M, expenses of $4.4M, and assets of $13.2M (revenue +26.8% year-over-year).
- 2019: Revenue of $4.7M, expenses of $3.9M, and assets of $11.4M (revenue +52.8% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.0M, and assets of $10.2M (revenue -2.1% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.0M, and assets of $10.2M (revenue +7.6% year-over-year).
- 2016: Revenue of $2.9M, expenses of $3.8M, and assets of $10.1M (revenue +67.7% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $11.7M (revenue -14.5% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.5M, and assets of $13.9M (revenue -46.6% year-over-year).
- 2013: Revenue of $3.8M, expenses of $2.5M, and assets of $14.0M (revenue +579.9% year-over-year).
- 2012: Revenue of $565K, expenses of $676K, and assets of $11.1M (revenue -18.3% year-over-year).
- 2011: Revenue of $691K, expenses of $1.2M, and assets of $10.5M.
Data Sources and Methodology
This transparency report for Hanley Center 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.