Hardwood Federation Inc
Hardwood Federation Inc. maintains stable revenue and assets with no reported officer compensation, despite occasional operating deficits.
EIN: 200744153 · Washington, DC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $610K |
| Total Expenses | $627K |
| Program Spending | 80% |
| Net Assets | $240K |
| Transparency Score | 85/100 |
Is Hardwood Federation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hardwood Federation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hardwood Federation Inc
Hardwood Federation Inc (EIN: 200744153) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $610K and total assets of $223K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hardwood Federation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hardwood Federation Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $567K |
| Total Expenses | $627K |
| Surplus / Deficit | $-59,854 |
| Total Assets | $309K |
| Total Liabilities | $69K |
| Net Assets | $240K |
| Operating Margin | -10.5% |
| Debt-to-Asset Ratio | 22.3% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2023, Hardwood Federation Inc reported a deficit of $60K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 22.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hardwood Federation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.2% | +10.9% | -4.0% |
| 2022 | -4.5% | +12.0% | +7.4% |
| 2021 | +14.9% | -1.8% | +52.8% |
| 2020 | -3.2% | -12.7% | +2.8% |
| 2019 | -18.3% | -2.7% | -14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Hardwood Federation 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, Hardwood Federation 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 deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its top executives are either unpaid or compensated through mechanisms not classified as officer compensation, which is a positive sign for resource allocation.
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 Hardwood Federation Inc's IRS 990 filings:
- Occasional operating deficits (e.g., $59,854 in 2023, $42,724 in 2019) suggest expenses sometimes exceed revenue.
Strengths
The following positive indicators were identified for Hardwood Federation Inc:
- Consistent revenue generation, generally between $500,000 and $600,000 annually.
- Zero reported officer compensation across all filings, indicating efficient use of funds for leadership.
- Healthy and growing asset base, reaching $309,033 in 2023, providing financial stability.
- Low and manageable liabilities, suggesting good financial management.
Frequently Asked Questions about Hardwood Federation Inc
Is Hardwood Federation Inc a legitimate charity?
Hardwood Federation Inc (EIN: 200744153) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $610K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Hardwood Federation Inc spend its money?
Hardwood Federation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hardwood Federation Inc tax-deductible?
Hardwood Federation Inc is registered as a tax-exempt nonprofit (EIN: 200744153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hardwood Federation Inc's spending goes to programs?
Hardwood Federation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hardwood Federation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hardwood Federation Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hardwood Federation Inc located?
Hardwood Federation Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 200744153. It is classified under NTEE code S41.
How many years of IRS 990 filings does Hardwood Federation Inc have?
Hardwood Federation Inc has 13 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 $610K in total revenue.
Is Hardwood Federation Inc. financially stable?
Yes, despite occasional operating deficits (e.g., $59,854 in 2023), the organization has maintained a consistent revenue stream and a healthy asset base, growing from $196,168 in 2020 to $309,033 in 2023, indicating financial resilience.
How does Hardwood Federation Inc. compensate its leadership?
The IRS 990 filings consistently report 0% officer compensation, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation.
What is the trend in the organization's assets?
Assets have shown a positive trend in recent years, increasing from $196,168 in 2020 to $309,033 in 2023, indicating growth in financial reserves.
Filing History
IRS 990 filing history for Hardwood Federation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hardwood Federation Inc's revenue has grown by 22.5%, moving from $463K to $567K. Total assets increased by 39.5% over the same period, from $222K to $309K. Total functional expenses rose by 45.8%, from $430K to $627K. In its most recent filing year (2023), Hardwood Federation Inc reported a deficit of $60K, with expenses exceeding revenue. The organization holds $69K in liabilities against $309K in assets (debt-to-asset ratio: 22.3%), resulting in net assets of $240K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $567K | $627K | $309K | $69K | — | — |
| 2022 | $580K | $565K | $322K | $22K | — | View 990 |
| 2021 | $607K | $505K | $300K | $14K | — | View 990 |
| 2020 | $529K | $514K | $196K | $13K | — | View 990 |
| 2019 | $546K | $589K | $191K | $23K | — | View 990 |
| 2018 | $669K | $606K | $222K | $11K | — | View 990 |
| 2017 | $515K | $517K | $157K | $10K | — | View 990 |
| 2016 | $491K | $498K | $160K | $11K | — | View 990 |
| 2015 | $478K | $490K | $176K | $18K | — | View 990 |
| 2014 | $482K | $466K | $186K | $17K | — | View 990 |
| 2013 | $470K | $459K | $168K | $15K | — | View 990 |
| 2012 | $412K | $468K | $157K | $15K | — | View 990 |
| 2011 | $463K | $430K | $222K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $567K, expenses of $627K, and assets of $309K (revenue -2.2% year-over-year).
- 2022: Revenue of $580K, expenses of $565K, and assets of $322K (revenue -4.5% year-over-year).
- 2021: Revenue of $607K, expenses of $505K, and assets of $300K (revenue +14.9% year-over-year).
- 2020: Revenue of $529K, expenses of $514K, and assets of $196K (revenue -3.2% year-over-year).
- 2019: Revenue of $546K, expenses of $589K, and assets of $191K (revenue -18.3% year-over-year).
- 2018: Revenue of $669K, expenses of $606K, and assets of $222K (revenue +29.9% year-over-year).
- 2017: Revenue of $515K, expenses of $517K, and assets of $157K (revenue +5.0% year-over-year).
- 2016: Revenue of $491K, expenses of $498K, and assets of $160K (revenue +2.6% year-over-year).
- 2015: Revenue of $478K, expenses of $490K, and assets of $176K (revenue -0.8% year-over-year).
- 2014: Revenue of $482K, expenses of $466K, and assets of $186K (revenue +2.6% year-over-year).
- 2013: Revenue of $470K, expenses of $459K, and assets of $168K (revenue +14.1% year-over-year).
- 2012: Revenue of $412K, expenses of $468K, and assets of $157K (revenue -11.1% year-over-year).
- 2011: Revenue of $463K, expenses of $430K, and assets of $222K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hardwood Federation Inc:
Data Sources and Methodology
This transparency report for Hardwood Federation 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.