Hart Family Foundation Inc
Hart Family Foundation Inc. operates as a private foundation with declining revenue and consistent asset base, making grants without executive compensation.
EIN: 208027268 · Reno, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28 |
| Total Expenses | $9K |
| Program Spending | 90% |
| Net Assets | $331K |
| Transparency Score | 75/100 |
Is Hart Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hart Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hart Family Foundation Inc
Hart Family Foundation Inc (EIN: 208027268) is a nonprofit organization based in Reno, NV, classified under NTEE code T20. The organization reported total revenue of $28 and total assets of $211K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hart Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hart Family Foundation Inc is a micro 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 -23.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33 |
| Total Expenses | $9K |
| Surplus / Deficit | $-8,477 |
| Total Assets | $331K |
| Total Liabilities | $1 |
| Net Assets | $331K |
| Operating Margin | -25687.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 467.1 months |
Financial Health Grade: B
In 2023, Hart Family Foundation Inc reported a deficit of $8K with expenses exceeding revenue, holds 467.1 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), Hart Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | +77.5% | -2.5% |
| 2022 | +2.9% | +111.8% | -1.4% |
| 2021 | -52.8% | -93.0% | -0.6% |
| 2020 | -60.2% | +344.0% | -8.5% |
| 2019 | -42.4% | -79.1% | -13.5% |
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 Hart Family 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Hart Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executives or officers are paid, which is highly efficient for a nonprofit of its size and type.
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 Hart Family Foundation Inc's IRS 990 filings:
- Consistently low and declining annual revenue compared to expenses, indicating reliance on asset drawdowns.
- Lack of detailed program spending breakdown in available data, making it difficult to assess specific impact.
Strengths
The following positive indicators were identified for Hart Family Foundation Inc:
- Zero officer compensation, indicating efficient use of funds for its mission.
- Stable financial position with minimal liabilities ($1 or $0 across all filings).
- Maintains a significant asset base ($331,287 in 2023) despite low revenue, providing long-term stability.
Frequently Asked Questions about Hart Family Foundation Inc
Is Hart Family Foundation Inc a legitimate charity?
Hart Family Foundation Inc (EIN: 208027268) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $28. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hart Family Foundation Inc spend its money?
Hart Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hart Family Foundation Inc tax-deductible?
Hart Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208027268). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hart Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hart Family 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 Hart Family Foundation Inc located?
Hart Family Foundation Inc is headquartered in Reno, Nevada and files with the IRS under EIN 208027268. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hart Family Foundation Inc have?
Hart Family 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 $28 in total revenue.
What are the specific programs or grants the Hart Family Foundation Inc. supports?
The provided IRS 990 data does not detail specific programs or grant recipients. As a private grantmaking foundation (NTEE T20), its primary activity is likely making grants to other organizations or individuals, but the filings do not specify the nature or beneficiaries of these grants.
Why has the foundation's revenue declined so significantly over the past decade?
Revenue has decreased from $832 in 2011 to $33 in 2023. This decline could be due to various factors such as reduced investment income, a deliberate strategy to draw down the endowment, or a shift in funding sources not captured in simple 'revenue' figures. Without more detailed financial statements, the exact reason is unclear.
How does the foundation cover its expenses when annual revenue is consistently lower?
The foundation consistently reports expenses exceeding its annual revenue (e.g., $8,510 expenses vs. $33 revenue in 2023). This indicates it is likely drawing down its substantial asset base, which was $331,287 in 2023, to cover its operational costs and grantmaking activities.
Filing History
IRS 990 filing history for Hart Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hart Family Foundation Inc's revenue has declined by 96%, moving from $832 to $33. Total assets decreased by 39.6% over the same period, from $548K to $331K. Total functional expenses fell by 82.2%, from $48K to $9K. In its most recent filing year (2023), Hart Family Foundation Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $331K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $331K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33 | $9K | $331K | $1 | — | — |
| 2022 | $35 | $5K | $340K | $1 | — | View 990 |
| 2021 | $34 | $2K | $345K | $1 | — | — |
| 2020 | $72 | $32K | $347K | $1 | — | — |
| 2019 | $181 | $7K | $379K | $1 | — | View 990 |
| 2015 | $314 | $35K | $438K | $1 | — | View 990 |
| 2014 | $399 | $32K | $473K | $1 | — | View 990 |
| 2013 | $423 | $2K | $505K | $1 | — | View 990 |
| 2012 | $527 | $42K | $506K | $1 | — | View 990 |
| 2011 | $832 | $48K | $548K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33, expenses of $9K, and assets of $331K (revenue -5.7% year-over-year).
- 2022: Revenue of $35, expenses of $5K, and assets of $340K (revenue +2.9% year-over-year).
- 2021: Revenue of $34, expenses of $2K, and assets of $345K (revenue -52.8% year-over-year).
- 2020: Revenue of $72, expenses of $32K, and assets of $347K (revenue -60.2% year-over-year).
- 2019: Revenue of $181, expenses of $7K, and assets of $379K (revenue -42.4% year-over-year).
- 2015: Revenue of $314, expenses of $35K, and assets of $438K (revenue -21.3% year-over-year).
- 2014: Revenue of $399, expenses of $32K, and assets of $473K (revenue -5.7% year-over-year).
- 2013: Revenue of $423, expenses of $2K, and assets of $505K (revenue -19.7% year-over-year).
- 2012: Revenue of $527, expenses of $42K, and assets of $506K (revenue -36.7% year-over-year).
- 2011: Revenue of $832, expenses of $48K, and assets of $548K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hart Family Foundation Inc:
Data Sources and Methodology
This transparency report for Hart Family 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.