Hemp Innovations Foundation
EIN: 861794881 · Washington, DC · NTEE: B02
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $247 |
| Net Assets | $21K |
Is Hemp Innovations Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hemp Innovations Foundation
Hemp Innovations Foundation (EIN: 861794881) is a nonprofit organization based in Washington, DC, classified under NTEE code B02. The organization reported total revenue of $2K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hemp Innovations Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hemp Innovations Foundation is a micro nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -94.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36 |
| Total Expenses | $247 |
| Surplus / Deficit | $-211 |
| Total Assets | $21K |
| Net Assets | $21K |
| Operating Margin | -586.1% |
| Months of Reserves | 1005.1 months |
Financial Health Grade: B
In 2023, Hemp Innovations Foundation reported a deficit of $211 with expenses exceeding revenue, holds 1005.1 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Hemp Innovations Foundation's revenue has declined at a compound annual growth rate (CAGR) of -94.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.9% | -98.4% | -1.0% |
| 2022 | +200.5% | +273.7% | +250.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hemp Innovations Foundation 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 Hemp Innovations Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $211, with expenses exceeding revenue.
Frequently Asked Questions about Hemp Innovations Foundation
Is Hemp Innovations Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hemp Innovations Foundation (EIN: 861794881) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hemp Innovations Foundation spend its money?
Detailed spending breakdown data is not yet available for Hemp Innovations Foundation. Check back for updated IRS 990 analysis.
Are donations to Hemp Innovations Foundation tax-deductible?
Hemp Innovations Foundation is registered as a tax-exempt nonprofit (EIN: 861794881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hemp Innovations Foundation located?
Hemp Innovations Foundation is headquartered in Washington, Washington DC and files with the IRS under EIN 861794881. It is classified under NTEE code B02.
How many years of IRS 990 filings does Hemp Innovations Foundation have?
Hemp Innovations Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2K in total revenue.
Filing History
IRS 990 filing history for Hemp Innovations Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Hemp Innovations Foundation's revenue has declined by 99.6%, moving from $10K to $36. Total assets increased by 247.3% over the same period, from $6K to $21K. Total functional expenses fell by 93.9%, from $4K to $247. In its most recent filing year (2023), Hemp Innovations Foundation reported a deficit of $211, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36 | $247 | $21K | $0 | — | — |
| 2022 | $30K | $15K | $21K | $0 | — | — |
| 2021 | $10K | $4K | $6K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $36, expenses of $247, and assets of $21K (revenue -99.9% year-over-year).
- 2022: Revenue of $30K, expenses of $15K, and assets of $21K (revenue +200.5% year-over-year).
- 2021: Revenue of $10K, expenses of $4K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hemp Innovations Foundation:
Data Sources and Methodology
This transparency report for Hemp Innovations 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.