Harris Glover Foundation Inc
Harris Glover Foundation maintains substantial assets with volatile annual revenue and expenses, reporting no officer compensation.
EIN: 208114447 · Raleigh, NC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $204K |
| Total Expenses | $149K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Harris Glover Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harris Glover Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harris Glover Foundation Inc
Harris Glover Foundation Inc (EIN: 208114447) is a nonprofit organization based in Raleigh, NC, classified under NTEE code T20. The organization reported total revenue of $204K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harris Glover Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harris Glover Foundation Inc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $149K |
| Surplus / Deficit | $-20,384 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -15.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 130.4 months |
Financial Health Grade: B
In 2023, Harris Glover Foundation Inc reported a deficit of $20K with expenses exceeding revenue, holds 130.4 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 Glover Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -87.9% | +670.9% | -1.2% |
| 2022 | +586.8% | -13.6% | +30.1% |
| 2021 | +216.3% | -57.4% | +11.8% |
| 2020 | -50.4% | -76.5% | -0.3% |
| 2019 | -46.3% | +594.5% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2008 |
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 Glover Foundation Inc with a Mission Score of 75 out of 100 (Good). 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, Harris Glover Foundation 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 $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means not disclosed as officer compensation. This suggests a high dedication of resources to the mission rather than administrative salaries.
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 Glover Foundation Inc's IRS 990 filings:
- Significant year-to-year volatility in revenue and expenses, making financial planning and consistent program delivery potentially challenging.
- Expenses exceeded revenue in the latest filing (202312), with $149,206 in expenses against $128,822 in revenue, indicating a deficit for that period.
Strengths
The following positive indicators were identified for Harris Glover Foundation Inc:
- Strong asset base ($1,621,029 in 202312) providing financial stability and reserves.
- Consistently low liabilities ($1 across most filings) indicating strong financial solvency.
- Zero reported officer compensation, suggesting efficient use of funds and dedication to mission.
- Long filing history (10 filings) indicating sustained operation over more than a decade.
Frequently Asked Questions about Harris Glover Foundation Inc
Is Harris Glover Foundation Inc a legitimate charity?
Harris Glover Foundation Inc (EIN: 208114447) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $204K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Harris Glover Foundation Inc spend its money?
Harris Glover Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harris Glover Foundation Inc tax-deductible?
Harris Glover Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208114447). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harris Glover Foundation Inc CEO make?
Harris Glover Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $204K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harris Glover Foundation Inc's spending goes to programs?
Harris Glover Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harris Glover Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Harris Glover Foundation Inc 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 Glover Foundation Inc located?
Harris Glover Foundation Inc is headquartered in Raleigh, North Carolina and files with the IRS under EIN 208114447. It is classified under NTEE code T20.
How many years of IRS 990 filings does Harris Glover Foundation Inc have?
Harris Glover Foundation Inc 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 $204K in total revenue.
What are the specific programs or activities the Harris Glover Foundation Inc. supports?
The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations - Private Grantmaking Foundations'. This suggests the organization primarily provides grants to other entities, but specific program details are not available in the provided financial summary.
Why is there such significant year-to-year volatility in revenue and expenses?
The revenue fluctuated from $1,066,450 in 202212 to $128,822 in 202312, and expenses varied from $19,355 in 202212 to $149,206 in 202312. This volatility could be due to large, infrequent donations, specific project cycles, or investment performance, but without further detail, the exact reasons are unclear.
How does the organization manage to operate with $0 officer compensation?
The consistent reporting of $0 officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that executive services are provided pro bono or through other entities, which is a strong indicator of resource efficiency.
Filing History
IRS 990 filing history for Harris Glover Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harris Glover Foundation Inc's revenue has declined by 82%, moving from $716K to $129K. Total assets increased by 145.5% over the same period, from $660K to $1.6M. Total functional expenses fell by 1.2%, from $151K to $149K. In its most recent filing year (2023), Harris Glover Foundation Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $129K | $149K | $1.6M | $1 | — | — |
| 2022 | $1.1M | $19K | $1.6M | $1 | — | View 990 |
| 2021 | $155K | $22K | $1.3M | $1 | — | View 990 |
| 2020 | $49K | $53K | $1.1M | $1 | — | — |
| 2019 | $99K | $224K | $1.1M | $1 | — | View 990 |
| 2015 | $184K | $32K | $1.0M | $1 | — | View 990 |
| 2014 | $44K | $32K | $884K | $1 | — | View 990 |
| 2013 | $127K | $14K | $872K | $1 | — | View 990 |
| 2012 | $122K | $23K | $759K | $1 | — | View 990 |
| 2011 | $716K | $151K | $660K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $129K, expenses of $149K, and assets of $1.6M (revenue -87.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $19K, and assets of $1.6M (revenue +586.8% year-over-year).
- 2021: Revenue of $155K, expenses of $22K, and assets of $1.3M (revenue +216.3% year-over-year).
- 2020: Revenue of $49K, expenses of $53K, and assets of $1.1M (revenue -50.4% year-over-year).
- 2019: Revenue of $99K, expenses of $224K, and assets of $1.1M (revenue -46.3% year-over-year).
- 2015: Revenue of $184K, expenses of $32K, and assets of $1.0M (revenue +319.8% year-over-year).
- 2014: Revenue of $44K, expenses of $32K, and assets of $884K (revenue -65.3% year-over-year).
- 2013: Revenue of $127K, expenses of $14K, and assets of $872K (revenue +3.7% year-over-year).
- 2012: Revenue of $122K, expenses of $23K, and assets of $759K (revenue -82.9% year-over-year).
- 2011: Revenue of $716K, expenses of $151K, and assets of $660K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harris Glover Foundation Inc:
Data Sources and Methodology
This transparency report for Harris Glover 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.