Harrington Foundation

Harrington Foundation reports $1 in revenue for five consecutive years while expenses consistently exceed income, leading to asset depletion.

EIN: 203132508 · Adel, IA · NTEE: T202 · Updated: 2026-03-28

$1KRevenue

$105Assets

10/100Mission Score (Very Poor)

T202

About Harrington Foundation

Harrington Foundation (EIN: 203132508) is a nonprofit organization based in Adel, IA, classified under NTEE code T202. The organization reported total revenue of $1K and total assets of $105 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harrington Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Harrington Foundation exhibits concerning financial trends, with its latest reported revenue at a mere $1 in 2023, while expenses were $11. This pattern of minimal revenue ($1 annually from 2019-2023) against significantly higher expenses (e.g., $956 in 2022, $870 in 2021) suggests a reliance on depleting assets or other undisclosed funding sources, which is unsustainable. The organization's assets have also shown a sharp decline from a peak of $2,802 in 2019 to $172 in 2023, indicating a significant draw-down. The consistent reporting of $1 in revenue for several years, despite varying expenses, raises questions about the accuracy and completeness of its financial disclosures, impacting its overall transparency. Without a clear explanation for this revenue discrepancy, it's difficult to fully assess its financial health or spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Harrington Foundation with a Mission Score of 10 out of 100 (Very 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: 100%
programs: 0%
fundraising: 0%

According to IRS 990 filings, Harrington Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all filings, which is positive for resource allocation but unusual for an active entity, potentially indicating volunteer leadership or compensation being reported under other expense categories.

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 Harrington Foundation's IRS 990 filings:

Consistent reporting of $1 in revenue for five consecutive years (2019-2023) despite higher expenses.
Expenses consistently and significantly exceed reported revenue, indicating an unsustainable financial model.
Significant depletion of assets from $2,802 in 2019 to $172 in 2023.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering assessment of spending efficiency.

Strengths

The following positive indicators were identified for Harrington Foundation:

Reports 0% officer compensation across all available filings, indicating no direct executive salary burden.

Frequently Asked Questions about Harrington Foundation

Why has the Harrington Foundation reported only $1 in revenue for the past five years (2019-2023) despite having varying expenses?

The filings consistently show $1 in revenue from 2019 to 2023, while expenses ranged from $11 to $956. This significant and consistent discrepancy between reported revenue and expenses is not explained in the provided data and raises concerns about the organization's funding model and financial reporting.

How is the Harrington Foundation funding its operations when expenses consistently exceed reported revenue?

With revenue at $1 and expenses as high as $956 (2022), the organization appears to be funding operations by drawing down its assets, which have decreased from $2,802 in 2019 to $172 in 2023. This is an unsustainable financial model.

What are the specific program activities and their associated costs, given the minimal reported revenue and high expenses?

The provided data does not offer a breakdown of expenses into program, administrative, or fundraising categories. Given the overall financial picture, it's unclear how much, if any, of the expenses are directly supporting programmatic work.

Filing History

IRS 990 filing history for Harrington Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Harrington Foundation's revenue has declined by 99.9%, moving from $775 to $1. Total assets increased by 102.4% over the same period, from $85 to $172. Total functional expenses fell by 98.7%, from $851 to $11. In its most recent filing year (2023), Harrington Foundation reported a deficit of $10, with expenses exceeding revenue. The organization holds $1 in liabilities against $172 in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $171.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1	$11	$172	$1	—	—
2022	$1	$956	$183	$1	—	View 990
2021	$1	$870	$1K	$1	—	—
2020	$1	$793	$2K	$1	—	—
2019	$1	$832	$3K	$1	—	—
2015	$500	$480	$125	$1	—	View 990
2014	$525	$525	$105	$1	—	View 990
2013	$600	$580	$105	$0	—	View 990
2012	$775	$775	$85	$0	—	View 990
2011	$775	$851	$85	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1, expenses of $11, and assets of $172 (revenue +0.0% year-over-year).
2022: Revenue of $1, expenses of $956, and assets of $183 (revenue +0.0% year-over-year).
2021: Revenue of $1, expenses of $870, and assets of $1K (revenue +0.0% year-over-year).
2020: Revenue of $1, expenses of $793, and assets of $2K (revenue +0.0% year-over-year).
2019: Revenue of $1, expenses of $832, and assets of $3K (revenue -99.8% year-over-year).
2015: Revenue of $500, expenses of $480, and assets of $125 (revenue -4.8% year-over-year).
2014: Revenue of $525, expenses of $525, and assets of $105 (revenue -12.5% year-over-year).
2013: Revenue of $600, expenses of $580, and assets of $105 (revenue -22.6% year-over-year).
2012: Revenue of $775, expenses of $775, and assets of $85 (revenue +0.0% year-over-year).
2011: Revenue of $775, expenses of $851, and assets of $85.

Data Sources and Methodology

This transparency report for Harrington 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.