Hearing Health Foundation

Hearing Health Foundation shows strong asset base despite fluctuating revenues and occasional operational deficits.

EIN: 131882107 · New York, NY · NTEE: H20 · Updated: 2026-03-28

$8.5MRevenue

$14.3MAssets

85/100Mission Score (Excellent)

H20

About Hearing Health Foundation

Hearing Health Foundation (EIN: 131882107) is a nonprofit organization based in New York, NY, classified under NTEE code H20. The organization reported total revenue of $8.5M and total assets of $14.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hearing Health Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Hearing Health Foundation demonstrates a generally stable financial position with fluctuating revenue and expenses over the past decade. While the organization reported a significant revenue of $8,487,849 in its latest filing, the most recent detailed 990 (202309) shows expenses ($4,848,488) exceeding revenue ($3,637,053), resulting in a deficit for that period. This trend of expenses occasionally surpassing revenue has been observed in several past filings, such as 201709 and 201509, indicating a need for careful financial management to ensure long-term sustainability. However, the organization maintains a healthy asset base, with assets consistently above $8 million and reaching $14,344,426 in the latest report, providing a buffer against operational deficits.

The foundation's transparency is commendable, particularly with the consistent reporting of 0% officer compensation across all available filings. This suggests that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor confidence. The NTEE code H20 (Diseases, Disorders, Medical Disciplines, General) aligns well with its mission, and the consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and public disclosure. The organization's ability to attract substantial revenue, as seen in the latest figure, suggests strong donor support for its mission.

Despite the occasional operational deficits, the overall financial health appears sound due to substantial assets. The challenge lies in consistently aligning expenses with revenue to avoid drawing down reserves. The absence of reported officer compensation is a significant strength in terms of transparency and efficient use of funds, allowing more resources to be directed towards program services. Further analysis of the functional expense breakdown would provide a clearer picture of spending efficiency across programs, administration, and fundraising.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hearing Health Foundation with a Mission Score of 85 out of 100 (Excellent). 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: 80%
fundraising: 10%

According to IRS 990 filings, Hearing Health Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer categories, which is highly favorable for donor perception and resource allocation.

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 Hearing Health Foundation's IRS 990 filings:

Expenses exceeded revenue in several periods (e.g., 202309, 201709, 201509), indicating potential operational deficits that could draw down reserves if not managed.

Strengths

The following positive indicators were identified for Hearing Health Foundation:

Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds and strong transparency.
Maintains a robust asset base, with assets consistently above $8 million and reaching $14,344,426, providing financial stability.
Long history of IRS 990 filings (13 filings), demonstrating commitment to regulatory compliance and public disclosure.
Significant increase in latest reported revenue ($8,487,849), suggesting strong donor support and fundraising capacity.

Frequently Asked Questions about Hearing Health Foundation

Is Hearing Health Foundation a good charity?

Based on the available data, Hearing Health Foundation appears to be a good charity. It maintains a strong asset base ($14,344,426 latest), consistently files its IRS 990s, and reports 0% officer compensation, indicating a commitment to directing funds towards its mission rather than executive salaries.

What is the trend in Hearing Health Foundation's revenue?

Hearing Health Foundation's revenue has fluctuated significantly over the past decade, ranging from a low of $2,373,632 in 201809 to a high of $8,487,849 in the latest period. While there's no consistent upward trend, the latest revenue figure is substantially higher than previous years.

Does Hearing Health Foundation have sufficient assets?

Yes, Hearing Health Foundation appears to have sufficient assets. Its assets have consistently been above $8 million, reaching $14,344,426 in the latest report, which provides a strong financial cushion relative to its annual expenses.

Filing History

IRS 990 filing history for Hearing Health Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hearing Health Foundation's revenue has grown by 79.6%, moving from $2.0M to $3.6M. Total assets increased by 194.6% over the same period, from $4.1M to $12.2M. Total functional expenses rose by 147.1%, from $2.0M to $4.8M. In its most recent filing year (2023), Hearing Health Foundation reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $696K in liabilities against $12.2M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $11.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.6M	$4.8M	$12.2M	$696K	—	View 990
2022	$5.6M	$4.0M	$12.4M	$163K	—	View 990
2021	$5.7M	$2.8M	$12.3M	$114K	—	View 990
2020	$2.9M	$1.7M	$9.0M	$171K	—	View 990
2019	$2.6M	$2.6M	$8.4M	$701K	—	View 990
2018	$2.4M	$2.2M	$8.7M	$866K	—	View 990
2017	$3.4M	$3.6M	$9.6M	$1.9M	—	View 990
2016	$3.8M	$3.1M	$8.7M	$1.1M	—	View 990
2015	$2.5M	$2.9M	$7.6M	$829K	—	View 990
2014	$3.0M	$3.0M	$8.1M	$775K	—	View 990
2013	$8.0M	$3.2M	$8.4M	$978K	—	View 990
2012	$2.1M	$3.0M	$3.5M	$822K	—	View 990
2011	$2.0M	$2.0M	$4.1M	$630K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.6M, expenses of $4.8M, and assets of $12.2M (revenue -35.3% year-over-year).
2022: Revenue of $5.6M, expenses of $4.0M, and assets of $12.4M (revenue -2.0% year-over-year).
2021: Revenue of $5.7M, expenses of $2.8M, and assets of $12.3M (revenue +95.0% year-over-year).
2020: Revenue of $2.9M, expenses of $1.7M, and assets of $9.0M (revenue +11.8% year-over-year).
2019: Revenue of $2.6M, expenses of $2.6M, and assets of $8.4M (revenue +10.8% year-over-year).
2018: Revenue of $2.4M, expenses of $2.2M, and assets of $8.7M (revenue -30.5% year-over-year).
2017: Revenue of $3.4M, expenses of $3.6M, and assets of $9.6M (revenue -9.3% year-over-year).
2016: Revenue of $3.8M, expenses of $3.1M, and assets of $8.7M (revenue +49.9% year-over-year).
2015: Revenue of $2.5M, expenses of $2.9M, and assets of $7.6M (revenue -15.3% year-over-year).
2014: Revenue of $3.0M, expenses of $3.0M, and assets of $8.1M (revenue -62.8% year-over-year).
2013: Revenue of $8.0M, expenses of $3.2M, and assets of $8.4M (revenue +275.1% year-over-year).
2012: Revenue of $2.1M, expenses of $3.0M, and assets of $3.5M (revenue +4.9% year-over-year).
2011: Revenue of $2.0M, expenses of $2.0M, and assets of $4.1M.

Data Sources and Methodology

This transparency report for Hearing Health 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.