Hanson Family Foundation
Hanson Family Foundation's assets decline by over 90% in eight years amid consistent multi-million dollar deficits.
EIN: 204562272 · Bellevue, WA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $621K |
| Program Spending | 75% |
| Net Assets | $324K |
| Transparency Score | 30/100 |
Is Hanson Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hanson Family Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hanson Family Foundation
Hanson Family Foundation (EIN: 204562272) is a nonprofit organization based in Bellevue, WA, classified under NTEE code T20. The organization reported total revenue of $3K and total assets of $324K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanson Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hanson Family Foundation is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -35.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $621K |
| Surplus / Deficit | $-617,995 |
| Total Assets | $324K |
| Total Liabilities | $1 |
| Net Assets | $324K |
| Operating Margin | -19409.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2022, Hanson Family Foundation reported a deficit of $618K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Hanson Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -35.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +1347.3% | -59.0% | -65.6% |
| 2021 | -100.0% | -14.9% | -61.7% |
| 2020 | +536.3% | +188.6% | -34.8% |
| 2019 | -79.8% | +4.4% | -21.6% |
| 2015 | -67.9% | -42.8% | -8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Hanson Family Foundation with a Mission Score of 30 out of 100 (Poor). 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, Hanson Family Foundation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $618K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary, which is highly efficient for an organization of its size, despite its financial challenges.
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 Hanson Family Foundation's IRS 990 filings:
- Consistent and significant negative net income (expenses far exceeding revenue) for multiple years, e.g., $621,179 expenses vs. $3,184 revenue in 2022.
- Dramatic decline in total assets from $5,258,215 in 2014 to $324,150 in 2022, indicating unsustainable spending.
- High volatility in annual revenue, making financial planning and sustainability challenging.
Strengths
The following positive indicators were identified for Hanson Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Low liabilities reported consistently, suggesting minimal debt burden.
Frequently Asked Questions about Hanson Family Foundation
Is Hanson Family Foundation a legitimate charity?
Hanson Family Foundation (EIN: 204562272) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 30/100. It has 9 years of IRS 990 filings on record. Total revenue: $3K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Hanson Family Foundation spend its money?
Hanson Family Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Hanson Family Foundation tax-deductible?
Hanson Family Foundation is registered as a tax-exempt nonprofit (EIN: 204562272). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hanson Family Foundation's spending goes to programs?
Hanson Family Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hanson Family Foundation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Hanson Family Foundation is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hanson Family Foundation located?
Hanson Family Foundation is headquartered in Bellevue, Washington and files with the IRS under EIN 204562272. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hanson Family Foundation have?
Hanson Family Foundation has 9 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 $3K in total revenue.
Is the Hanson Family Foundation financially sustainable?
Based on the provided data, the Hanson Family Foundation does not appear to be financially sustainable. Its expenses have consistently and significantly exceeded its revenue for several years, leading to a drastic reduction in assets from over $5 million in 2014 to $324,150 in 2022.
What caused the significant decline in assets?
The significant decline in assets is primarily due to the foundation consistently spending far more than its revenue. For example, in 2022, expenses were $621,179 while revenue was only $3,184, and similar large deficits were observed in 2021 and 2020.
How does the foundation fund its operations given the low revenue?
Given the low revenue and high expenses, the foundation appears to be funding its operations by drawing down its existing asset base. This is evident from the sharp decrease in total assets over the past decade.
Filing History
IRS 990 filing history for Hanson Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Hanson Family Foundation's revenue has declined by 99.2%, moving from $390K to $3K. Total assets increased by 594.1% over the same period, from $47K to $324K. Total functional expenses rose by 80.8%, from $344K to $621K. In its most recent filing year (2022), Hanson Family Foundation reported a deficit of $618K, with expenses exceeding revenue. The organization holds $1 in liabilities against $324K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $324K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3K | $621K | $324K | $1 | — | View 990 |
| 2021 | $220 | $1.5M | $942K | $1 | — | View 990 |
| 2020 | $471K | $1.8M | $2.5M | $1 | — | — |
| 2019 | $74K | $617K | $3.8M | $250 | — | View 990 |
| 2015 | $367K | $591K | $4.8M | $1 | — | View 990 |
| 2014 | $1.1M | $1.0M | $5.3M | $2K | — | View 990 |
| 2013 | $2.3M | $538K | $5.1M | $1 | — | View 990 |
| 2012 | $3.5M | $429K | $3.2M | $1 | — | View 990 |
| 2011 | $390K | $344K | $47K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3K, expenses of $621K, and assets of $324K (revenue +1347.3% year-over-year).
- 2021: Revenue of $220, expenses of $1.5M, and assets of $942K (revenue -100.0% year-over-year).
- 2020: Revenue of $471K, expenses of $1.8M, and assets of $2.5M (revenue +536.3% year-over-year).
- 2019: Revenue of $74K, expenses of $617K, and assets of $3.8M (revenue -79.8% year-over-year).
- 2015: Revenue of $367K, expenses of $591K, and assets of $4.8M (revenue -67.9% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.0M, and assets of $5.3M (revenue -50.3% year-over-year).
- 2013: Revenue of $2.3M, expenses of $538K, and assets of $5.1M (revenue -34.9% year-over-year).
- 2012: Revenue of $3.5M, expenses of $429K, and assets of $3.2M (revenue +805.9% year-over-year).
- 2011: Revenue of $390K, expenses of $344K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hanson Family Foundation:
Data Sources and Methodology
This transparency report for Hanson 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.