Hartness Foundation
Hartness Foundation consistently spends more than it earns, drawing down assets.
EIN: 205376522 · Greer, SC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $903K |
| Total Expenses | $852K |
| Program Spending | 90% |
| Net Assets | $6.5M |
| Transparency Score | 75/100 |
Is Hartness Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hartness Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hartness Foundation
Hartness Foundation (EIN: 205376522) is a nonprofit organization based in Greer, SC, classified under NTEE code T22. The organization reported total revenue of $903K and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hartness Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hartness 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 21.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $721K |
| Total Expenses | $852K |
| Surplus / Deficit | $-131,249 |
| Total Assets | $6.5M |
| Total Liabilities | $1 |
| Net Assets | $6.5M |
| Operating Margin | -18.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 91.5 months |
Financial Health Grade: B
In 2023, Hartness Foundation reported a deficit of $131K with expenses exceeding revenue, holds 91.5 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), Hartness Foundation's revenue has grown at a compound annual growth rate (CAGR) of 21.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | -0.2% | -2.7% |
| 2022 | +42.9% | +19.4% | -2.4% |
| 2020 | -126.7% | +6.7% | -10.3% |
| 2019 | -84.4% | +15.8% | -14.9% |
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 Hartness Foundation 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hartness Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $131K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Hartness Foundation consistently reports 0% officer compensation across all available filings, indicating either a volunteer-led executive team or that executive salaries are not reported under this category, which is highly transparent and positive for an organization of its asset size.
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 Hartness Foundation's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in most recent years (e.g., 2023 expenses $852,406 vs. revenue $721,157).
- Declining asset base over time, from $9,264,218 in 2015 to $6,500,618 in 2023, indicating unsustainable spending relative to income.
- Negative revenue reported in 2020 ($-88,491), which warrants further investigation into its cause.
Strengths
The following positive indicators were identified for Hartness Foundation:
- Zero reported officer compensation across all filings, indicating strong transparency or volunteer leadership.
- Substantial asset base of over $6 million, providing a buffer despite operational deficits.
- Long filing history (10 filings), suggesting a well-established organization.
Frequently Asked Questions about Hartness Foundation
Is Hartness Foundation a legitimate charity?
Hartness Foundation (EIN: 205376522) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $903K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hartness Foundation spend its money?
Hartness Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Hartness Foundation tax-deductible?
Hartness Foundation is registered as a tax-exempt nonprofit (EIN: 205376522). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hartness Foundation's spending goes to programs?
Hartness Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hartness Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hartness Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hartness Foundation located?
Hartness Foundation is headquartered in Greer, South Carolina and files with the IRS under EIN 205376522. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hartness Foundation have?
Hartness 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 $903K in total revenue.
How does the Hartness Foundation plan to address its consistent operational deficits?
The filings show a pattern of expenses exceeding revenue, leading to asset depletion. Understanding their strategy to achieve financial sustainability is crucial.
What is the primary source of the Hartness Foundation's revenue, given the fluctuations and negative revenue in 2020?
Revenue has varied significantly, including a negative figure in 2020 (-$88,491). Clarifying the revenue streams and reasons for such fluctuations would provide insight into financial stability.
What are the specific program activities funded by the Hartness Foundation?
While the NTEE code T22 indicates a private foundation, more detail on the specific programs and their impact would help assess mission effectiveness.
Filing History
IRS 990 filing history for Hartness Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hartness Foundation's revenue has grown by 932.2%, moving from $70K to $721K. Total assets decreased by 21.6% over the same period, from $8.3M to $6.5M. Total functional expenses rose by 145%, from $348K to $852K. In its most recent filing year (2023), Hartness Foundation reported a deficit of $131K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $721K | $852K | $6.5M | $1 | — | — |
| 2022 | $691K | $854K | $6.7M | $1 | — | View 990 |
| 2021 | $484K | $715K | $6.8M | $1 | — | View 990 |
| 2020 | $-88,491 | $727K | $7.1M | $1 | — | View 990 |
| 2019 | $331K | $681K | $7.9M | $0 | — | View 990 |
| 2015 | $2.1M | $588K | $9.3M | $0 | — | View 990 |
| 2014 | $383K | $511K | $7.7M | $0 | — | View 990 |
| 2013 | $250K | $458K | $7.9M | $0 | — | View 990 |
| 2012 | $211K | $436K | $8.1M | $0 | — | View 990 |
| 2011 | $70K | $348K | $8.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $721K, expenses of $852K, and assets of $6.5M (revenue +4.3% year-over-year).
- 2022: Revenue of $691K, expenses of $854K, and assets of $6.7M (revenue +42.9% year-over-year).
- 2021: Revenue of $484K, expenses of $715K, and assets of $6.8M.
- 2020: Revenue of $-88,491, expenses of $727K, and assets of $7.1M (revenue -126.7% year-over-year).
- 2019: Revenue of $331K, expenses of $681K, and assets of $7.9M (revenue -84.4% year-over-year).
- 2015: Revenue of $2.1M, expenses of $588K, and assets of $9.3M (revenue +454.9% year-over-year).
- 2014: Revenue of $383K, expenses of $511K, and assets of $7.7M (revenue +53.2% year-over-year).
- 2013: Revenue of $250K, expenses of $458K, and assets of $7.9M (revenue +18.3% year-over-year).
- 2012: Revenue of $211K, expenses of $436K, and assets of $8.1M (revenue +202.6% year-over-year).
- 2011: Revenue of $70K, expenses of $348K, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hartness Foundation:
Data Sources and Methodology
This transparency report for Hartness 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.