Hemsworth Foundation
Hemsworth Foundation sees significant revenue surge after years of modest and inconsistent income, maintaining zero officer compensation.
EIN: 204278074 · Almena, KS · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $678K |
| Total Expenses | $53K |
| Program Spending | 85% |
| Net Assets | $754K |
| Transparency Score | 80/100 |
Is Hemsworth Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hemsworth Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hemsworth Foundation
Hemsworth Foundation (EIN: 204278074) is a nonprofit organization based in Almena, KS, classified under NTEE code T22. The organization reported total revenue of $678K and total assets of $944K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hemsworth Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hemsworth Foundation is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 49.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $53K |
| Surplus / Deficit | +$51K |
| Total Assets | $772K |
| Total Liabilities | $18K |
| Net Assets | $754K |
| Operating Margin | 48.9% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 174.1 months |
Financial Health Grade: A
In 2023, Hemsworth Foundation reported a surplus of $51K with revenue exceeding expenses, holds 174.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Hemsworth Foundation's revenue has grown at a compound annual growth rate (CAGR) of 49.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +166.9% | +1.7% | +9.7% |
| 2022 | -6.3% | +50.8% | -1.9% |
| 2020 | -200.6% | +65.6% | -10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Hemsworth Foundation with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Hemsworth Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization, which is highly favorable for minimizing administrative costs.
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 Hemsworth Foundation's IRS 990 filings:
- Inconsistent historical revenue, including a negative revenue period in 2020 (-$20,974), raises questions about financial predictability.
- Significant jump in 'Latest Revenue' without context could indicate a one-time event rather than sustainable growth, requiring further investigation.
Strengths
The following positive indicators were identified for Hemsworth Foundation:
- Consistent reporting of 0% officer compensation across all filings demonstrates strong financial transparency and low administrative burden related to executive pay.
- Assets have grown to $944,218, indicating a solid financial foundation.
- Consistent filing of IRS Form 990s demonstrates good governance and transparency practices.
Frequently Asked Questions about Hemsworth Foundation
Is Hemsworth Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hemsworth Foundation (EIN: 204278074) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Hemsworth Foundation spend its money?
Hemsworth Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hemsworth Foundation tax-deductible?
Hemsworth Foundation is registered as a tax-exempt nonprofit (EIN: 204278074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hemsworth Foundation's spending goes to programs?
Hemsworth Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hemsworth Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Hemsworth Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hemsworth Foundation located?
Hemsworth Foundation is headquartered in Almena, Kansas and files with the IRS under EIN 204278074. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hemsworth Foundation have?
Hemsworth Foundation has 5 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 $678K in total revenue.
What is the source of the significant revenue increase to $677,693 in the latest period, and is it sustainable?
The provided data shows a substantial increase in revenue from $104,096 in 2023 to $677,693 in the latest period. The specific source (e.g., large donation, investment gains, new grants) is not detailed in the summary, but understanding this is crucial for assessing future financial stability.
Given the NTEE code T22, how does the Hemsworth Foundation deploy its assets and what are its primary grant-making activities?
As a grant-making foundation, the organization's effectiveness is tied to its grant distribution. Further details on its grant recipients, impact, and selection process would provide insight into its programmatic reach, especially given its growing asset base of $944,218.
What is the detailed breakdown of expenses (program, administrative, fundraising) for the latest period?
While overall expenses are reported, a detailed breakdown is essential to confirm the efficiency of spending and ensure that the majority of funds are directed towards charitable activities, especially with the recent revenue surge.
Filing History
IRS 990 filing history for Hemsworth Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Hemsworth Foundation's revenue has grown by 399.5%, moving from $21K to $104K. Total assets decreased by 2.2% over the same period, from $789K to $772K. Total functional expenses rose by 50.7%, from $35K to $53K. In its most recent filing year (2023), Hemsworth Foundation reported a surplus of $51K, with revenue exceeding expenses. The organization holds $18K in liabilities against $772K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $754K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $53K | $772K | $18K | — | — |
| 2022 | $39K | $52K | $703K | $1 | — | View 990 |
| 2021 | $42K | $35K | $717K | $1 | — | View 990 |
| 2020 | $-20,974 | $58K | $710K | $1 | — | View 990 |
| 2019 | $21K | $35K | $789K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $53K, and assets of $772K (revenue +166.9% year-over-year).
- 2022: Revenue of $39K, expenses of $52K, and assets of $703K (revenue -6.3% year-over-year).
- 2021: Revenue of $42K, expenses of $35K, and assets of $717K.
- 2020: Revenue of $-20,974, expenses of $58K, and assets of $710K (revenue -200.6% year-over-year).
- 2019: Revenue of $21K, expenses of $35K, and assets of $789K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hemsworth Foundation:
Data Sources and Methodology
This transparency report for Hemsworth 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.