Haymaker Foundation Inc
Haymaker Foundation Inc operates with minimal revenue and consistent deficits, indicating severe financial instability.
EIN: 202035975 · Lexington, KY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3 |
| Total Expenses | $400 |
| Net Assets | $4K |
| Transparency Score | 10/100 |
Is Haymaker Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Haymaker Foundation Inc
Haymaker Foundation Inc (EIN: 202035975) is a nonprofit organization based in Lexington, KY, classified under NTEE code T20. The organization reported total revenue of $3 and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haymaker Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haymaker Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -47.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4 |
| Total Expenses | $400 |
| Surplus / Deficit | $-396 |
| Total Assets | $4K |
| Total Liabilities | $1 |
| Net Assets | $4K |
| Operating Margin | -9900.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 109.1 months |
Financial Health Grade: B
In 2023, Haymaker Foundation Inc reported a deficit of $396 with expenses exceeding revenue, holds 109.1 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), Haymaker Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -47.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | -14.0% | -9.8% |
| 2022 | -20.0% | -26.0% | -10.3% |
| 2021 | -99.9% | -15.1% | -12.2% |
| 2020 | -79.1% | -96.8% | +500.5% |
| 2019 | +855.3% | +674.6% | -12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Haymaker Foundation Inc with a Mission Score of 10 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.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Haymaker Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $396, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating no salaries or other compensation paid to officers, which is a positive for transparency given the organization's minimal financial activity.
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 Haymaker Foundation Inc's IRS 990 filings:
- Extremely low and declining revenue (e.g., $4 in 2023)
- Consistent and significant deficit spending (e.g., $400 expenses vs. $4 revenue in 2023)
- Declining asset base over recent years (from $4,493 in 2021 to $3,636 in 2023)
- Lack of clear programmatic spending given minimal financial activity
Strengths
The following positive indicators were identified for Haymaker Foundation Inc:
- No reported officer compensation across all filings, indicating good transparency on executive pay.
Frequently Asked Questions about Haymaker Foundation Inc
Is Haymaker Foundation Inc a legitimate charity?
Haymaker Foundation Inc (EIN: 202035975) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 10/100. It has 10 years of IRS 990 filings on record. Total revenue: $3. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does Haymaker Foundation Inc spend its money?
Haymaker Foundation Inc reported $3 in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Haymaker Foundation Inc tax-deductible?
Haymaker Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202035975). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Haymaker Foundation Inc compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Haymaker Foundation Inc is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Haymaker Foundation Inc located?
Haymaker Foundation Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 202035975. It is classified under NTEE code T20.
How many years of IRS 990 filings does Haymaker Foundation Inc have?
Haymaker 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 $3 in total revenue.
Is Haymaker Foundation Inc actively operating?
Based on the extremely low revenue figures (e.g., $4 in 2023) and expenses significantly exceeding revenue, it appears the organization is either minimally active or largely dormant.
How does Haymaker Foundation Inc fund its operations?
With revenues consistently in the single digits in recent years and expenses much higher (e.g., $400 in expenses vs. $4 revenue in 2023), it's unclear how the organization sustains even minimal operations, as it consistently operates at a deficit.
What is the purpose of Haymaker Foundation Inc given its financial scale?
Given the minimal financial activity and consistent deficits, the practical impact or purpose of the organization's operations is questionable, as it lacks the financial resources to conduct significant programmatic work.
Filing History
IRS 990 filing history for Haymaker Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Haymaker Foundation Inc's revenue has declined by 100%, moving from $8K to $4. Total assets decreased by 69.9% over the same period, from $12K to $4K. Total functional expenses fell by 95.5%, from $9K to $400. In its most recent filing year (2023), Haymaker Foundation Inc reported a deficit of $396, with expenses exceeding revenue. The organization holds $1 in liabilities against $4K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4 | $400 | $4K | $1 | — | — |
| 2022 | $4 | $465 | $4K | $1 | — | — |
| 2021 | $5 | $628 | $4K | $1 | — | — |
| 2020 | $5K | $740 | $5K | $1 | — | — |
| 2019 | $24K | $23K | $852 | $1 | — | View 990 |
| 2015 | $3K | $3K | $974 | $1 | — | View 990 |
| 2014 | $7K | $7K | $1K | $1 | — | View 990 |
| 2013 | $3K | $4K | $2K | $0 | — | View 990 |
| 2012 | $230K | $239K | $4K | $350 | — | View 990 |
| 2011 | $8K | $9K | $12K | $350 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4, expenses of $400, and assets of $4K (revenue +0.0% year-over-year).
- 2022: Revenue of $4, expenses of $465, and assets of $4K (revenue -20.0% year-over-year).
- 2021: Revenue of $5, expenses of $628, and assets of $4K (revenue -99.9% year-over-year).
- 2020: Revenue of $5K, expenses of $740, and assets of $5K (revenue -79.1% year-over-year).
- 2019: Revenue of $24K, expenses of $23K, and assets of $852 (revenue +855.3% year-over-year).
- 2015: Revenue of $3K, expenses of $3K, and assets of $974 (revenue -65.3% year-over-year).
- 2014: Revenue of $7K, expenses of $7K, and assets of $1K (revenue +152.6% year-over-year).
- 2013: Revenue of $3K, expenses of $4K, and assets of $2K (revenue -98.8% year-over-year).
- 2012: Revenue of $230K, expenses of $239K, and assets of $4K (revenue +2608.2% year-over-year).
- 2011: Revenue of $8K, expenses of $9K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haymaker Foundation Inc:
Data Sources and Methodology
This transparency report for Haymaker 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.