Hendrick Family Foundation
EIN: 364837270 · Charlotte, NC · NTEE: T20
Is Hendrick Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hendrick Family Foundation
Hendrick Family Foundation (EIN: 364837270) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T20. The organization reported total revenue of $4.6M and total assets of $431K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hendrick Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hendrick Family Foundation is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 49.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$96K |
| Total Assets | $895K |
| Net Assets | $895K |
| Operating Margin | 2.3% |
| Months of Reserves | 2.7 months |
Financial Health Grade: A
In 2023, Hendrick Family Foundation reported a surplus of $96K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2016–2023), Hendrick Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 49.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +98.8% | +116.1% | +12.0% |
| 2022 | +56.5% | +138.5% | +35.6% |
| 2021 | +609.3% | +9.5% | +1116.8% |
| 2020 | -86.3% | -59.5% | -91.5% |
| 2019 | -24.0% | +24.5% | -41.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hendrick Family 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 Hendrick Family 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 surplus of $96K, with revenue exceeding expenses.
Frequently Asked Questions about Hendrick Family Foundation
Is Hendrick Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hendrick Family Foundation (EIN: 364837270) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hendrick Family Foundation spend its money?
Detailed spending breakdown data is not yet available for Hendrick Family Foundation. Check back for updated IRS 990 analysis.
Are donations to Hendrick Family Foundation tax-deductible?
Hendrick Family Foundation is registered as a tax-exempt nonprofit (EIN: 364837270). 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 Hendrick Family Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Hendrick Family Foundation's revenue has grown by 1555.3%, moving from $248K to $4.1M. Total assets increased by 578.8% over the same period, from $132K to $895K. Total functional expenses rose by 3357.4%, from $116K to $4.0M. In its most recent filing year (2023), Hendrick Family Foundation reported a surplus of $96K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $4.0M | $895K | $0 | — | — |
| 2022 | $2.1M | $1.9M | $799K | $0 | — | View 990 |
| 2021 | $1.3M | $777K | $590K | $0 | — | — |
| 2020 | $186K | $709K | $48K | $0 | — | — |
| 2019 | $1.4M | $1.8M | $572K | $295 | — | View 990 |
| 2018 | $1.8M | $1.4M | $969K | $0 | — | View 990 |
| 2017 | $1.2M | $742K | $594K | $0 | — | View 990 |
| 2016 | $248K | $116K | $132K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $4.0M, and assets of $895K (revenue +98.8% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.9M, and assets of $799K (revenue +56.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $777K, and assets of $590K (revenue +609.3% year-over-year).
- 2020: Revenue of $186K, expenses of $709K, and assets of $48K (revenue -86.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.8M, and assets of $572K (revenue -24.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.4M, and assets of $969K (revenue +48.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $742K, and assets of $594K (revenue +386.1% year-over-year).
- 2016: Revenue of $248K, expenses of $116K, and assets of $132K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hendrick Family Foundation:
Data Sources and Methodology
This transparency report for Hendrick Family 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.