Harpo Foundation Inc
Harpo Foundation Inc shows strong asset growth and minimal liabilities with no reported officer compensation.
EIN: 204926823 · Miami Beach, FL · NTEE: T22 · Updated: 2026-03-28
Is Harpo Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harpo Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harpo Foundation Inc
Harpo Foundation Inc (EIN: 204926823) is a nonprofit organization based in Miami Beach, FL, classified under NTEE code T22. The organization reported total revenue of $4.0M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harpo 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 Harpo Foundation Inc with a Mission Score of 92 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, Harpo Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership either serves without direct compensation or that compensation falls below reporting thresholds, which is highly commendable for an organization of its asset size ($13.8 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.
Strengths
The following positive indicators were identified for Harpo Foundation Inc:
- Strong asset growth, from $804,274 in 2011 to $13,833,354 currently.
- Consistently minimal liabilities, often reported as $1.
- No reported officer compensation across all filings, indicating high efficiency and transparency.
- High program spending ratio, with expenses of $564,730 in 2023 likely almost entirely programmatic.
- Significant revenue generation capacity, with latest revenue at $3,961,348 and a peak of $9,417,101 in 2021.
Frequently Asked Questions about Harpo Foundation Inc
Is Harpo Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harpo Foundation Inc (EIN: 204926823) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Harpo Foundation Inc spend its money?
Harpo Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harpo Foundation Inc tax-deductible?
Harpo Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204926823). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harpo Foundation Inc a good charity?
Based on its financial data, Harpo Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and excellent spending efficiency, directing nearly all expenses to programs. The absence of reported officer compensation is a significant positive indicator.
How has the organization's financial health changed over time?
The organization's financial health has dramatically improved. Assets have grown from $804,274 in 2011 to $13,833,354 currently. Revenue has also seen significant increases, particularly in recent years, despite some year-to-year fluctuations.
What is the primary use of the organization's funds?
The primary use of the organization's funds is for program expenses. With total expenses of $564,730 in 2023 and no reported officer compensation, it's clear that the vast majority of spending is directed towards its mission-related activities, likely grants or direct program support.
Filing History
IRS 990 filing history for Harpo Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harpo Foundation Inc's revenue has grown by 16869.1%, moving from $15K to $2.6M. Total assets increased by 1575.7% over the same period, from $804K to $13.5M. Total functional expenses rose by 266.2%, from $154K to $565K. In its most recent filing year (2023), Harpo Foundation Inc reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $1 in liabilities against $13.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $565K | $13.5M | $1 | — | — |
| 2022 | $1.1M | $568K | $11.5M | $1 | — | View 990 |
| 2021 | $9.4M | $520K | $10.9M | $1 | — | View 990 |
| 2020 | $1.6M | $182K | $2.0M | $1 | — | View 990 |
| 2019 | $134K | $108K | $566K | $1K | — | View 990 |
| 2015 | $124K | $142K | $618K | $2K | — | View 990 |
| 2014 | $69K | $135K | $634K | $1K | — | View 990 |
| 2013 | $104K | $130K | $700K | $1K | — | View 990 |
| 2012 | $77K | $155K | $727K | $2K | — | View 990 |
| 2011 | $15K | $154K | $804K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $565K, and assets of $13.5M (revenue +129.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $568K, and assets of $11.5M (revenue -88.1% year-over-year).
- 2021: Revenue of $9.4M, expenses of $520K, and assets of $10.9M (revenue +475.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $182K, and assets of $2.0M (revenue +1118.0% year-over-year).
- 2019: Revenue of $134K, expenses of $108K, and assets of $566K (revenue +8.0% year-over-year).
- 2015: Revenue of $124K, expenses of $142K, and assets of $618K (revenue +79.6% year-over-year).
- 2014: Revenue of $69K, expenses of $135K, and assets of $634K (revenue -33.5% year-over-year).
- 2013: Revenue of $104K, expenses of $130K, and assets of $700K (revenue +35.1% year-over-year).
- 2012: Revenue of $77K, expenses of $155K, and assets of $727K (revenue +407.6% year-over-year).
- 2011: Revenue of $15K, expenses of $154K, and assets of $804K.
Data Sources and Methodology
This transparency report for Harpo 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.