Hats Of Wisdom
EIN: 814068872 · Delta Junction, AK · NTEE: F32
Is Hats Of Wisdom Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hats Of Wisdom
Hats Of Wisdom (EIN: 814068872) is a nonprofit organization based in Delta Junction, AK, classified under NTEE code F32. The organization reported total revenue of $470K and total assets of $65K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hats Of Wisdom's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hats Of Wisdom is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2019–2024). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $470K |
| Total Expenses | $485K |
| Surplus / Deficit | $-15,149 |
| Total Assets | $65K |
| Total Liabilities | $53K |
| Net Assets | $12K |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 81.8% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2024, Hats Of Wisdom reported a deficit of $15K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 81.8% (high leverage).
Financial Trends
Over 6 years of filings (2019–2024), Hats Of Wisdom's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +46.2% | +25.3% | -40.5% |
| 2023 | -13.7% | -3.8% | -37.0% |
| 2022 | +37.3% | +53.1% | -9.1% |
| 2021 | -9.4% | -16.6% | +56.6% |
| 2020 | +8.2% | +9.5% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hats Of Wisdom has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hats Of Wisdom with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.8%.
Frequently Asked Questions about Hats Of Wisdom
Is Hats Of Wisdom a legitimate charity?
Based on AI analysis of IRS 990 filings, Hats Of Wisdom (EIN: 814068872) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hats Of Wisdom spend its money?
Detailed spending breakdown data is not yet available for Hats Of Wisdom. Check back for updated IRS 990 analysis.
Are donations to Hats Of Wisdom tax-deductible?
Hats Of Wisdom is registered as a tax-exempt nonprofit (EIN: 814068872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hats Of Wisdom showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2019–2024), Hats Of Wisdom's revenue has grown by 69.9%, moving from $277K to $470K. Total assets decreased by 41.8% over the same period, from $112K to $65K. Total functional expenses rose by 68.5%, from $288K to $485K. In its most recent filing year (2024), Hats Of Wisdom reported a deficit of $15K, with expenses exceeding revenue. The organization holds $53K in liabilities against $65K in assets (debt-to-asset ratio: 81.8%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $470K | $485K | $65K | $53K | — | — |
| 2023 | $322K | $387K | $109K | $82K | — | View 990 |
| 2022 | $372K | $403K | $173K | $108K | — | View 990 |
| 2021 | $271K | $263K | $191K | $95K | — | View 990 |
| 2020 | $299K | $315K | $122K | $50K | — | View 990 |
| 2019 | $277K | $288K | $112K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $470K, expenses of $485K, and assets of $65K (revenue +46.2% year-over-year).
- 2023: Revenue of $322K, expenses of $387K, and assets of $109K (revenue -13.7% year-over-year).
- 2022: Revenue of $372K, expenses of $403K, and assets of $173K (revenue +37.3% year-over-year).
- 2021: Revenue of $271K, expenses of $263K, and assets of $191K (revenue -9.4% year-over-year).
- 2020: Revenue of $299K, expenses of $315K, and assets of $122K (revenue +8.2% year-over-year).
- 2019: Revenue of $277K, expenses of $288K, and assets of $112K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hats Of Wisdom:
Data Sources and Methodology
This transparency report for Hats Of Wisdom 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.