Harding Educational And Charitable Foundation
Harding Educational And Charitable Foundation maintains over $4 million in assets with zero officer compensation despite frequent operating deficits.
EIN: 136083440 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $426K |
| Program Spending | 85% |
| Net Assets | $4.2M |
| Transparency Score | 88/100 |
Is Harding Educational And Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harding Educational And Charitable Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harding Educational And Charitable Foundation
Harding Educational And Charitable Foundation (EIN: 136083440) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $1.1M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harding Educational And Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harding Educational And Charitable Foundation is a mid-size nonprofit that has been operating for 79 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $375K |
| Total Expenses | $426K |
| Surplus / Deficit | $-51,363 |
| Total Assets | $4.2M |
| Total Liabilities | $1 |
| Net Assets | $4.2M |
| Operating Margin | -13.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 118.9 months |
Financial Health Grade: B
In 2023, Harding Educational And Charitable Foundation reported a deficit of $51K with expenses exceeding revenue, holds 118.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +144.9% | -5.6% | -1.2% |
| 2022 | -62.9% | +14.4% | -6.5% |
| 2021 | +105.1% | +6.2% | +0.4% |
| 2020 | -56.1% | +0.1% | -3.6% |
| 2019 | +25.4% | -6.4% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
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 Harding Educational And Charitable Foundation with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Harding Educational And Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $51K, 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 no officers receive salaries from the foundation, which is highly commendable for an organization of its asset size.
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 Harding Educational And Charitable Foundation's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue), as seen in 2023 ($426,046 expenses vs. $374,683 revenue) and 2022 ($451,445 expenses vs. $153,006 revenue), which could indicate reliance on asset drawdowns.
- Lack of detailed functional expense breakdown in the provided summary data, making it difficult to precisely assess program spending efficiency.
Strengths
The following positive indicators were identified for Harding Educational And Charitable Foundation:
- Strong and stable asset base, consistently over $4 million, providing long-term financial security.
- Consistent 0% officer compensation, demonstrating a strong commitment to directing funds towards the mission.
- Minimal liabilities (often $0 or $1), indicating sound financial management and low debt.
- Long history of IRS 990 filings (10 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about Harding Educational And Charitable Foundation
Is Harding Educational And Charitable Foundation a legitimate charity?
Harding Educational And Charitable Foundation (EIN: 136083440) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 88/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Harding Educational And Charitable Foundation spend its money?
Harding Educational And Charitable Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harding Educational And Charitable Foundation tax-deductible?
Harding Educational And Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 136083440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harding Educational And Charitable Foundation's spending goes to programs?
Harding Educational And Charitable Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Harding Educational And Charitable Foundation located?
Harding Educational And Charitable Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 136083440.
How many years of IRS 990 filings does Harding Educational And Charitable Foundation have?
Harding Educational And Charitable 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 $1.1M in total revenue.
Is Harding Educational And Charitable Foundation a good charity?
Based on the available data, the foundation appears to be a good charity, particularly due to its strong asset base (over $4 million), consistent zero officer compensation, and minimal liabilities. While it frequently operates with expenses exceeding revenue, its substantial assets provide a buffer. The lack of detailed functional expense breakdown is the main missing piece for a complete assessment of program efficiency.
How does the foundation manage its expenses relative to its revenue?
The foundation frequently incurs expenses that exceed its revenue. For example, in 2023, expenses were $426,046 against $374,683 in revenue, and in 2022, expenses were $451,445 against $153,006 in revenue. This suggests reliance on its substantial asset base or prior year surpluses to cover operational costs.
What is the trend in the foundation's assets?
The foundation has maintained a very stable asset base, consistently holding over $4 million. While there have been minor fluctuations, such as a high of $4,726,099 in 2019 and a low of $4,222,325 in 2023, the overall trend shows strong long-term financial stability.
Does the foundation pay its officers?
No, the foundation consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no officers receive salaries from the organization.
Filing History
IRS 990 filing history for Harding Educational And Charitable Foundation showing financial trends over 10 years of public records:
Total assets decreased by 6.6% over the same period, from $4.5M to $4.2M. Total functional expenses rose by 32.3%, from $322K to $426K. In its most recent filing year (2023), Harding Educational And Charitable Foundation reported a deficit of $51K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $375K | $426K | $4.2M | $1 | — | View 990 |
| 2022 | $153K | $451K | $4.3M | $1 | — | View 990 |
| 2021 | $412K | $395K | $4.6M | $1 | — | — |
| 2020 | $201K | $372K | $4.6M | $1 | — | — |
| 2019 | $458K | $371K | $4.7M | $1 | — | View 990 |
| 2015 | $365K | $397K | $4.6M | $0 | — | View 990 |
| 2014 | $585K | $362K | $4.6M | $0 | — | View 990 |
| 2013 | $313K | $350K | $4.4M | $0 | — | View 990 |
| 2012 | $229K | $346K | $4.4M | $0 | — | View 990 |
| 2011 | $-11,474 | $322K | $4.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $375K, expenses of $426K, and assets of $4.2M (revenue +144.9% year-over-year).
- 2022: Revenue of $153K, expenses of $451K, and assets of $4.3M (revenue -62.9% year-over-year).
- 2021: Revenue of $412K, expenses of $395K, and assets of $4.6M (revenue +105.1% year-over-year).
- 2020: Revenue of $201K, expenses of $372K, and assets of $4.6M (revenue -56.1% year-over-year).
- 2019: Revenue of $458K, expenses of $371K, and assets of $4.7M (revenue +25.4% year-over-year).
- 2015: Revenue of $365K, expenses of $397K, and assets of $4.6M (revenue -37.7% year-over-year).
- 2014: Revenue of $585K, expenses of $362K, and assets of $4.6M (revenue +87.2% year-over-year).
- 2013: Revenue of $313K, expenses of $350K, and assets of $4.4M (revenue +36.6% year-over-year).
- 2012: Revenue of $229K, expenses of $346K, and assets of $4.4M.
- 2011: Revenue of $-11,474, expenses of $322K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harding Educational And Charitable Foundation:
Data Sources and Methodology
This transparency report for Harding Educational And Charitable 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.