Hansen Family Foundation
Hansen Family Foundation maintains over $2 million in assets with no reported officer compensation.
EIN: 208102394 · Virginia Bch, VA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $408K |
| Total Expenses | $118K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.2M |
| Transparency Score | 90/100 |
Is Hansen Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hansen Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hansen Family Foundation
Hansen Family Foundation (EIN: 208102394) is a nonprofit organization based in Virginia Bch, VA, classified under NTEE code T20. The organization reported total revenue of $408K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hansen Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hansen Family Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $118K |
| Surplus / Deficit | +$9K |
| Total Assets | $2.2M |
| Total Liabilities | $1 |
| Net Assets | $2.2M |
| Operating Margin | 7.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 227.9 months |
Financial Health Grade: A
In 2023, Hansen Family Foundation reported a surplus of $9K with revenue exceeding expenses, holds 227.9 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), Hansen Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.9% | -47.5% | +0.4% |
| 2022 | -60.7% | -36.2% | -3.6% |
| 2021 | +213.5% | +122.3% | +1.4% |
| 2020 | -13.7% | -16.6% | -0.6% |
| 2019 | -63.5% | +6.9% | -5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Hansen Family Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Hansen Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are either uncompensated or compensated through other entities, which is highly favorable for a foundation of its size with assets over $2 million.
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 Hansen Family Foundation's IRS 990 filings:
- Revenue volatility year-to-year
- Expenses exceeded revenue in some periods (e.g., 2022: $224,310 expenses vs. $150,851 revenue)
Strengths
The following positive indicators were identified for Hansen Family Foundation:
- Consistent asset base over $2 million
- Zero reported officer compensation across all filings
- Extremely low liabilities ($1 consistently reported)
- Strong financial stability and balance sheet
Frequently Asked Questions about Hansen Family Foundation
Is Hansen Family Foundation a legitimate charity?
Hansen Family Foundation (EIN: 208102394) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $408K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Hansen Family Foundation spend its money?
Hansen Family Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hansen Family Foundation tax-deductible?
Hansen Family Foundation is registered as a tax-exempt nonprofit (EIN: 208102394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hansen Family Foundation CEO make?
Hansen Family Foundation's highest-compensated officer earns $2 annually. The organization reported $408K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hansen Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hansen 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 Hansen Family Foundation located?
Hansen Family Foundation is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 208102394. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hansen Family Foundation have?
Hansen 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 $408K in total revenue.
What is the primary focus of the Hansen Family Foundation's grantmaking?
Based on the NTEE code T20 (Private Grantmaking Foundations), the foundation's primary focus is making grants to other organizations, though specific beneficiaries are not detailed in the provided financial summary.
How does the foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation is likely run by volunteers, or that any administrative costs, including potential compensation, are covered by other means or entities not reported as direct officer compensation on the 990.
Has the foundation experienced significant growth in its asset base?
The foundation's assets have remained relatively stable over the years, fluctuating around the $2.1 million to $2.4 million mark, with the latest reported assets at $2,253,440. There hasn't been significant growth, but rather consistent maintenance of its endowment.
Filing History
IRS 990 filing history for Hansen Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hansen Family Foundation's revenue has grown by 6.8%, moving from $119K to $127K. Total assets increased by 2% over the same period, from $2.2M to $2.2M. Total functional expenses fell by 34%, from $179K to $118K. In its most recent filing year (2023), Hansen Family Foundation reported a surplus of $9K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $127K | $118K | $2.2M | $1 | — | — |
| 2022 | $151K | $224K | $2.2M | $1 | — | View 990 |
| 2021 | $384K | $351K | $2.3M | $1 | — | View 990 |
| 2020 | $122K | $158K | $2.3M | $1 | — | View 990 |
| 2019 | $142K | $190K | $2.3M | $1 | — | View 990 |
| 2015 | $389K | $177K | $2.4M | $1 | — | View 990 |
| 2014 | $280K | $220K | $2.2M | $1 | — | View 990 |
| 2013 | $269K | $228K | $2.1M | $1 | — | View 990 |
| 2012 | $120K | $209K | $2.1M | $1 | — | View 990 |
| 2011 | $119K | $179K | $2.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $127K, expenses of $118K, and assets of $2.2M (revenue -15.9% year-over-year).
- 2022: Revenue of $151K, expenses of $224K, and assets of $2.2M (revenue -60.7% year-over-year).
- 2021: Revenue of $384K, expenses of $351K, and assets of $2.3M (revenue +213.5% year-over-year).
- 2020: Revenue of $122K, expenses of $158K, and assets of $2.3M (revenue -13.7% year-over-year).
- 2019: Revenue of $142K, expenses of $190K, and assets of $2.3M (revenue -63.5% year-over-year).
- 2015: Revenue of $389K, expenses of $177K, and assets of $2.4M (revenue +38.6% year-over-year).
- 2014: Revenue of $280K, expenses of $220K, and assets of $2.2M (revenue +4.3% year-over-year).
- 2013: Revenue of $269K, expenses of $228K, and assets of $2.1M (revenue +123.9% year-over-year).
- 2012: Revenue of $120K, expenses of $209K, and assets of $2.1M (revenue +1.0% year-over-year).
- 2011: Revenue of $119K, expenses of $179K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hansen Family Foundation:
Data Sources and Methodology
This transparency report for Hansen 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.