Hasbrofoundation Inc
Hasbro Foundation: Declining Revenue, Strong Program Spending
EIN: 222538470 · Pawtucket, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $3.4M |
| Transparency Score | 75/100 |
Is Hasbrofoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hasbrofoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hasbrofoundation Inc
Hasbrofoundation Inc (EIN: 222538470) is a nonprofit organization based in Pawtucket, RI. The organization reported total revenue of $1.2M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hasbrofoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hasbrofoundation Inc is a mid-size nonprofit that has been operating for 41 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-479,669 |
| Total Assets | $3.8M |
| Total Liabilities | $352K |
| Net Assets | $3.4M |
| Operating Margin | -41.0% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 27.6 months |
Financial Health Grade: B
In 2023, Hasbrofoundation Inc reported a deficit of $480K with expenses exceeding revenue, holds 27.6 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Hasbrofoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.1% | -47.8% | -14.2% |
| 2022 | -19.6% | +2.4% | +29.4% |
| 2021 | +146.7% | +50.7% | +123.4% |
| 2020 | -2.4% | -8.1% | +33.0% |
| 2019 | +1229.4% | -45.2% | -10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Hasbrofoundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Hasbrofoundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $480K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.3%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting that executive salaries are likely absorbed by Hasbro Inc. rather than directly by the foundation's budget.
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 Hasbrofoundation Inc's IRS 990 filings:
- Significant decline in reported revenue from $4,057,439 in 2022 to $1,170,993 in 2023, raising questions about future funding stability.
- Lack of a dedicated, comprehensive website for the foundation makes it difficult to assess program details and impact.
Strengths
The following positive indicators were identified for Hasbrofoundation Inc:
- Consistently high percentage of spending directed towards programs (e.g., 90% in 2023 based on available data), indicating a strong commitment to its mission.
- Maintains a substantial asset base ($3,789,852 in 2023) despite revenue fluctuations, providing some financial buffer.
Frequently Asked Questions about Hasbrofoundation Inc
Is Hasbrofoundation Inc a legitimate charity?
Hasbrofoundation Inc (EIN: 222538470) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.2M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Hasbrofoundation Inc spend its money?
Hasbrofoundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hasbrofoundation Inc tax-deductible?
Hasbrofoundation Inc is registered as a tax-exempt nonprofit (EIN: 222538470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hasbrofoundation Inc CEO make?
Hasbrofoundation Inc's highest-compensated officer earns $0 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hasbrofoundation Inc's spending goes to programs?
Hasbrofoundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hasbrofoundation Inc located?
Hasbrofoundation Inc is headquartered in Pawtucket, Rhode Island and files with the IRS under EIN 222538470.
How many years of IRS 990 filings does Hasbrofoundation Inc have?
Hasbrofoundation Inc has 11 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 $1.2M in total revenue.
What does Hasbrofoundation Inc do?
Hasbrofoundation Inc is a nonprofit organization in the Unknown sector, located in Pawtucket, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Hasbrofoundation Inc have?
Hasbrofoundation Inc reported total revenue of $1,220,757. Based on 11 IRS 990 filings on record.
What are Hasbrofoundation Inc's total assets?
Hasbrofoundation Inc holds total assets of $1,932,219 as reported in IRS 990 filings.
Where is Hasbrofoundation Inc located?
Hasbrofoundation Inc is based in Pawtucket, Rhode Island.
What is Hasbrofoundation Inc's EIN?
Hasbrofoundation Inc's Employer Identification Number (EIN) is 222538470. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hasbrofoundation Inc?
Hasbrofoundation Inc is classified under NTEE code Unknown (Unknown).
Is Hasbrofoundation Inc a registered 501(c)(3)?
Hasbrofoundation Inc appears in IRS records (EIN: 222538470). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hasbrofoundation Inc file IRS Form 990?
Yes, Hasbrofoundation Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Hasbrofoundation Inc's revenue in 2023?
In the 202312 filing period, Hasbrofoundation Inc reported total revenue of $1,170,993, total expenses of $1,650,662, and net assets of $3,789,852.
Is Hasbrofoundation Inc's revenue growing or declining?
Hasbrofoundation Inc's revenue is declining. Revenue went from $4,057,439 (202212) to $1,170,993 (202312), a -71.1% change. Based on 11 filings on record.
What is Hasbrofoundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hasbrofoundation Inc covers tax period 202312. It shows revenue of $1,170,993, expenses of $1,650,662, total assets of $3,789,852, and liabilities of $352,000.
How much does Hasbrofoundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Hasbrofoundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Hasbrofoundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hasbrofoundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Hasbrofoundation Inc?
The following concerns were identified: Significant decline in reported revenue from $4,057,439 in 2022 to $1,170,993 in 2023, raising questions about future funding stability.. Lack of a dedicated, comprehensive website for the foundation makes it difficult to assess program details and impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hasbrofoundation Inc's strengths?
Positive indicators for Hasbrofoundation Inc include: Consistently high percentage of spending directed towards programs (e.g., 90% in 2023 based on available data), indicating a strong commitment to its mission.. Maintains a substantial asset base ($3,789,852 in 2023) despite revenue fluctuations, providing some financial buffer.. These findings are derived from AI analysis of the organization's financial filings.
How does Hasbrofoundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting that executive salaries are likely absorbed by Hasbro Inc. rather than directly by the foundation's budget. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial drop in revenue from 2022 to 2023, what is the foundation's strategy to ensure sustainable funding for its programs going forward?
The 2023 revenue of $1,170,993 is a significant decrease from previous years, suggesting a potential shift in funding sources or a planned reduction in activity. Without further information, it's unclear how the foundation plans to maintain its program spending levels.
How does the foundation measure and report the impact of its programs, especially since detailed program descriptions are not easily found?
The absence of a dedicated foundation website or easily accessible impact reports makes it challenging for external stakeholders to understand the specific outcomes and reach of the programs funded by the Hasbro Foundation.
Filing History
IRS 990 filing history for Hasbrofoundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Hasbrofoundation Inc's revenue has grown by 372%, moving from $248K to $1.2M. Total assets decreased by 57.6% over the same period, from $8.9M to $3.8M. Total functional expenses fell by 71.9%, from $5.9M to $1.7M. In its most recent filing year (2023), Hasbrofoundation Inc reported a deficit of $480K, with expenses exceeding revenue. The organization holds $352K in liabilities against $3.8M in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.7M | $3.8M | $352K | — | — |
| 2022 | $4.1M | $3.2M | $4.4M | $502K | — | View 990 |
| 2021 | $5.0M | $3.1M | $3.4M | $397K | — | View 990 |
| 2020 | $2.0M | $2.0M | $1.5M | $382K | — | View 990 |
| 2019 | $2.1M | $2.2M | $1.1M | $0 | — | View 990 |
| 2018 | $158K | $4.1M | $1.3M | $0 | — | View 990 |
| 2015 | $4.3M | $3.3M | $2.3M | $7K | — | View 990 |
| 2014 | $1.9M | $3.4M | $1.3M | $7K | — | View 990 |
| 2013 | $1.7M | $3.3M | $2.9M | $7K | — | View 990 |
| 2012 | $262K | $4.1M | $4.7M | $7K | — | View 990 |
| 2011 | $248K | $5.9M | $8.9M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.7M, and assets of $3.8M (revenue -71.1% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.2M, and assets of $4.4M (revenue -19.6% year-over-year).
- 2021: Revenue of $5.0M, expenses of $3.1M, and assets of $3.4M (revenue +146.7% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.0M, and assets of $1.5M (revenue -2.4% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.2M, and assets of $1.1M (revenue +1229.4% year-over-year).
- 2018: Revenue of $158K, expenses of $4.1M, and assets of $1.3M (revenue -96.3% year-over-year).
- 2015: Revenue of $4.3M, expenses of $3.3M, and assets of $2.3M (revenue +132.5% year-over-year).
- 2014: Revenue of $1.9M, expenses of $3.4M, and assets of $1.3M (revenue +11.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $3.3M, and assets of $2.9M (revenue +534.5% year-over-year).
- 2012: Revenue of $262K, expenses of $4.1M, and assets of $4.7M (revenue +5.5% year-over-year).
- 2011: Revenue of $248K, expenses of $5.9M, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hasbrofoundation Inc:
Data Sources and Methodology
This transparency report for Hasbrofoundation 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.