Harris Finch Foundation
Harris Finch Foundation maintains strong asset growth and reports no officer compensation.
EIN: 205842018 · Raleigh, NC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $983K |
| Total Expenses | $360K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.9M |
| Transparency Score | 90/100 |
Is Harris Finch Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harris Finch Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harris Finch Foundation
Harris Finch Foundation (EIN: 205842018) is a nonprofit organization based in Raleigh, NC, classified under NTEE code T20. The organization reported total revenue of $983K and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harris Finch Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harris Finch Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $377K |
| Total Expenses | $360K |
| Surplus / Deficit | +$17K |
| Total Assets | $4.9M |
| Total Liabilities | $1 |
| Net Assets | $4.9M |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 161.9 months |
Financial Health Grade: A
In 2023, Harris Finch Foundation reported a surplus of $17K with revenue exceeding expenses, holds 161.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Harris Finch Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | +8.7% | +0.3% |
| 2022 | +10.1% | -3.4% | -0.2% |
| 2021 | -51.5% | +17.9% | -0.7% |
| 2020 | -0.4% | +3.2% | +10.6% |
| 2019 | +1.0% | +55.1% | +48.3% |
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 Harris Finch Foundation with a Mission Score of 90 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, Harris Finch 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 surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a volunteer-led organization or that compensation is covered by an affiliated entity, which is highly favorable for donor confidence and suggests efficient use of funds relative to the organization's size and asset base of over $5 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.
Red Flags
The following concerns were identified during AI analysis of Harris Finch Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
- Specifics on grant recipients and their impact are not available, limiting full mission effectiveness assessment.
Strengths
The following positive indicators were identified for Harris Finch Foundation:
- Consistent asset growth from $1.7M in 2011 to over $5.4M currently.
- Reported 0% officer compensation across all filings, indicating high operational efficiency.
- Generally maintains a revenue surplus over expenses, contributing to financial stability.
- Low liabilities ($0-$1) across all reported periods, suggesting strong financial health and minimal debt.
Frequently Asked Questions about Harris Finch Foundation
Is Harris Finch Foundation a legitimate charity?
Harris Finch Foundation (EIN: 205842018) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $983K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Harris Finch Foundation spend its money?
Harris Finch Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harris Finch Foundation tax-deductible?
Harris Finch Foundation is registered as a tax-exempt nonprofit (EIN: 205842018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harris Finch Foundation CEO make?
Harris Finch Foundation's highest-compensated officer earns $5 annually. The organization reported $983K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harris Finch Foundation's spending goes to programs?
Harris Finch Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harris Finch Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Harris Finch Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harris Finch Foundation located?
Harris Finch Foundation is headquartered in Raleigh, North Carolina and files with the IRS under EIN 205842018. It is classified under NTEE code T20.
How many years of IRS 990 filings does Harris Finch Foundation have?
Harris Finch 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 $983K in total revenue.
Is Harris Finch Foundation a good charity?
Based on the available data, the Harris Finch Foundation appears to be a financially sound organization with strong asset growth and a notable commitment to efficiency, evidenced by 0% reported officer compensation. Its role as a grantmaking foundation (NTEE T20) means its 'program' impact is through grants to other organizations. Without knowing the recipients or impact of these grants, a full assessment of its 'goodness' is limited, but its financial health and operational efficiency are positive indicators.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent and significant growth, increasing from $1,731,691 in 2011 to $4,857,902 in 2023, and currently reported at $5,446,033. This indicates strong financial management and accumulation of resources over time.
How does the foundation's revenue compare to its expenses?
In most recent years, the foundation's revenue has exceeded its expenses, contributing to asset growth. For example, in 2023, revenue was $376,900 against expenses of $360,151. There was one year (2021) where expenses ($342,897) slightly exceeded revenue ($302,956), but overall, the trend shows a healthy surplus.
Filing History
IRS 990 filing history for Harris Finch Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harris Finch Foundation's revenue has grown by 15%, moving from $328K to $377K. Total assets increased by 180.5% over the same period, from $1.7M to $4.9M. Total functional expenses rose by 359.1%, from $78K to $360K. In its most recent filing year (2023), Harris Finch Foundation reported a surplus of $17K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $377K | $360K | $4.9M | $1 | — | View 990 |
| 2022 | $334K | $331K | $4.8M | $1 | — | View 990 |
| 2021 | $303K | $343K | $4.9M | $1 | — | — |
| 2020 | $625K | $291K | $4.9M | $1 | — | View 990 |
| 2019 | $628K | $282K | $4.4M | $0 | — | View 990 |
| 2015 | $621K | $182K | $3.0M | $0 | — | View 990 |
| 2014 | $588K | $165K | $2.5M | $0 | — | View 990 |
| 2013 | $386K | $127K | $2.2M | $0 | — | View 990 |
| 2012 | $353K | $94K | $2.0M | $0 | — | View 990 |
| 2011 | $328K | $78K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $377K, expenses of $360K, and assets of $4.9M (revenue +13.0% year-over-year).
- 2022: Revenue of $334K, expenses of $331K, and assets of $4.8M (revenue +10.1% year-over-year).
- 2021: Revenue of $303K, expenses of $343K, and assets of $4.9M (revenue -51.5% year-over-year).
- 2020: Revenue of $625K, expenses of $291K, and assets of $4.9M (revenue -0.4% year-over-year).
- 2019: Revenue of $628K, expenses of $282K, and assets of $4.4M (revenue +1.0% year-over-year).
- 2015: Revenue of $621K, expenses of $182K, and assets of $3.0M (revenue +5.7% year-over-year).
- 2014: Revenue of $588K, expenses of $165K, and assets of $2.5M (revenue +52.3% year-over-year).
- 2013: Revenue of $386K, expenses of $127K, and assets of $2.2M (revenue +9.5% year-over-year).
- 2012: Revenue of $353K, expenses of $94K, and assets of $2.0M (revenue +7.5% year-over-year).
- 2011: Revenue of $328K, expenses of $78K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harris Finch Foundation:
Data Sources and Methodology
This transparency report for Harris Finch 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.