Henry Family Foundation

Henry Family Foundation faces significant asset depletion due to sustained deficit spending.

EIN: 20516848 · Fountain Hls, AZ · NTEE: T22 · Updated: 2026-03-28

$267KRevenue

$238KAssets

55/100Mission Score (Fair)

T22

About Henry Family Foundation

Henry Family Foundation (EIN: 20516848) is a nonprofit organization based in Fountain Hls, AZ, classified under NTEE code T22. The organization reported total revenue of $267K and total assets of $238K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Henry Family Foundation, a private foundation, exhibits a concerning financial trend with expenses consistently exceeding revenue in recent years. For instance, in 2022, expenses were $197,709 against revenue of only $24,275, and in 2021, expenses were $217,829 against $78,861 in revenue. This indicates a reliance on drawing down assets, which have decreased from $550,862 in 2020 to $237,752 in 2022. While the organization reports zero officer compensation, which is a positive for efficiency, the overall financial sustainability is questionable given the significant and sustained deficit spending. The NTEE code T22 suggests it's a private grantmaking foundation, and without detailed program spending breakdowns, it's difficult to fully assess program efficiency, but the declining asset base is a significant concern for its long-term ability to fulfill its mission.

The foundation's transparency is generally good, with consistent IRS 990 filings. The lack of officer compensation is a strong point, indicating that administrative costs related to executive salaries are non-existent. However, the substantial decrease in assets over the past few years, from a peak of $550,862 in 2020 to $237,752 in 2022, raises questions about the sustainability of its grantmaking activities. The foundation's ability to continue its operations at current spending levels without a significant increase in revenue or a reduction in expenses is a primary concern.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Henry Family Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 80%
fundraising: 0%

According to IRS 990 filings, Henry Family Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating no executive salaries are paid, which is highly efficient for 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 Henry Family Foundation's IRS 990 filings:

Consistent deficit spending: Expenses significantly exceed revenue in recent years (e.g., 2022 expenses $197,709 vs. revenue $24,275).
Rapid asset depletion: Assets decreased from $550,862 in 2020 to $237,752 in 2022.
Unclear long-term financial viability given current spending patterns.

Strengths

The following positive indicators were identified for Henry Family Foundation:

Zero officer compensation, indicating high efficiency in executive overhead.
Consistent IRS 990 filing history, demonstrating transparency.

Frequently Asked Questions about Henry Family Foundation

Is the Henry Family Foundation financially sustainable?

Based on the recent filings, the foundation is not financially sustainable, with expenses significantly exceeding revenue in 2021 ($217,829 expenses vs. $78,861 revenue) and 2022 ($197,709 expenses vs. $24,275 revenue), leading to a rapid depletion of assets.

What is the primary reason for the decline in assets?

The primary reason for the decline in assets, from $550,862 in 2020 to $237,752 in 2022, is the consistent deficit spending where annual expenses have far outstripped annual revenues.

How does the foundation manage executive compensation?

The foundation reports 0% officer compensation in all available filings, indicating that no salaries are paid to its officers.

Filing History

IRS 990 filing history for Henry Family Foundation showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2022), Henry Family Foundation's revenue has grown by 38.3%, moving from $18K to $24K. Total assets decreased by 46.2% over the same period, from $442K to $238K. Total functional expenses rose by 613.6%, from $28K to $198K. In its most recent filing year (2022), Henry Family Foundation reported a deficit of $173K, with expenses exceeding revenue. The organization holds $1 in liabilities against $238K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $238K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$24K	$198K	$238K	$1	—	View 990
2021	$79K	$218K	$411K	$1	—	—
2020	$59K	$35K	$551K	$1	—	—
2019	$71K	$36K	$528K	$0	—	View 990
2015	$32K	$29K	$472K	$0	—	View 990
2014	$24K	$28K	$469K	$0	—	View 990
2013	$60K	$27K	$473K	$0	—	View 990
2012	$28K	$27K	$440K	$0	—	View 990
2011	$18K	$28K	$442K	$0	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $24K, expenses of $198K, and assets of $238K (revenue -69.2% year-over-year).
2021: Revenue of $79K, expenses of $218K, and assets of $411K (revenue +34.7% year-over-year).
2020: Revenue of $59K, expenses of $35K, and assets of $551K (revenue -17.0% year-over-year).
2019: Revenue of $71K, expenses of $36K, and assets of $528K (revenue +122.7% year-over-year).
2015: Revenue of $32K, expenses of $29K, and assets of $472K (revenue +32.9% year-over-year).
2014: Revenue of $24K, expenses of $28K, and assets of $469K (revenue -60.2% year-over-year).
2013: Revenue of $60K, expenses of $27K, and assets of $473K (revenue +116.0% year-over-year).
2012: Revenue of $28K, expenses of $27K, and assets of $440K (revenue +57.8% year-over-year).
2011: Revenue of $18K, expenses of $28K, and assets of $442K.

Data Sources and Methodology

This transparency report for Henry 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.