Henry Foundation
Henry Foundation experiences fluctuating revenues and occasional deficits, with no reported officer compensation.
EIN: 205861163 · Midland, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $3.4M |
| Program Spending | 80% |
| Net Assets | $667K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Henry Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Henry Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Henry Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $2.7M and expenses of $3.4M.
Revenue and Expenses
Henry Foundation reported $2.7M in revenue and $3.4M in expenses, a deficit of $655K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Henry Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.7M (80%) |
Across stored filings, Henry Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 10 stored filing years |
| Peer context | Compare with At&T Corp Management & Nonrepresent Employees Postretirement Welfare | Texas and Philanthropy context |
Trust Check
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Henry Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henry Foundation
Henry Foundation (EIN: 205861163) is a nonprofit organization based in Midland, TX, classified under NTEE code T20. The organization reported total revenue of $3.1M and total assets of $740K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henry Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 56.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-654,880 |
| Total Assets | $667K |
| Total Liabilities | $504 |
| Net Assets | $667K |
| Operating Margin | -24.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 2.4 months |
Financial Health Grade: C
In 2023, Henry Foundation reported a deficit of $655K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Henry Foundation's revenue has grown at a compound annual growth rate (CAGR) of 56.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.6% | +16.3% | -49.5% |
| 2022 | +0.8% | +14.8% | +31.4% |
| 2021 | +24.4% | -22.8% | +192.9% |
| 2020 | -50.0% | -36.8% | -67.3% |
| 2019 | +254182.9% | +98.9% | -10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Henry Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Henry Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $655K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Henry Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for directing funds to its mission.
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 Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $2,006 in 2015 vs. $6,923,445 in 2014).
- Expenses frequently exceeding revenue in recent years (e.g., 202312, 202012, 201912), indicating potential reliance on reserves or unsustainable spending.
- Asset base shows considerable fluctuation, from $343,500 in 202012 to $3,764,540 in 201412, which could impact long-term stability.
Strengths
The following positive indicators were identified for Henry Foundation:
- Consistent 0% officer compensation across all filings, indicating high financial transparency and dedication of funds to mission.
- Generally very low liabilities, often $1, suggesting sound debt management.
- Maintains a substantial asset base in many years, providing a buffer for operations despite revenue fluctuations.
Frequently Asked Questions about Henry Foundation
Is Henry Foundation a legitimate charity?
Henry Foundation (EIN: 205861163) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.1M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Henry Foundation spend its money?
Henry Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Henry Foundation tax-deductible?
Henry Foundation is registered as a tax-exempt nonprofit (EIN: 205861163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Henry Foundation's spending goes to programs?
Henry Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Henry Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Henry Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Henry Foundation located?
Henry Foundation is headquartered in Midland, Texas and files with the IRS under EIN 205861163. It is classified under NTEE code T20.
How many years of IRS 990 filings does Henry Foundation have?
Henry Foundation has 10 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 $3.1M in total revenue.
What is the primary source of the Henry Foundation's revenue, given its significant fluctuations?
The provided IRS 990 data does not detail the specific sources of revenue (e.g., grants, donations, investments), making it difficult to ascertain the primary source or the reasons for its volatility.
How does the Henry Foundation manage its expenses when they exceed revenue, as seen in 202312 ($3,356,568 expenses vs. $2,701,688 revenue)?
When expenses exceed revenue, organizations typically draw from accumulated assets or reserves. The foundation's asset base has fluctuated, suggesting it may utilize these funds during deficit periods.
What are the specific programs or activities that the Henry Foundation funds, given its NTEE code T20 (Philanthropy, Voluntarism & Grantmaking Foundations)?
The NTEE code T20 indicates the foundation is primarily involved in grantmaking. However, the provided data does not specify the beneficiaries or types of grants awarded.
Filing History
IRS 990 filing history for Henry Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Henry Foundation's revenue has grown by 21338.6%, moving from $13K to $2.7M. Total assets decreased by 27.7% over the same period, from $923K to $667K. Total functional expenses rose by 6476.3%, from $51K to $3.4M. In its most recent filing year (2023), Henry Foundation reported a deficit of $655K, with expenses exceeding revenue. The organization holds $504 in liabilities against $667K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $667K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $3.4M | $667K | $504 | — | — |
| 2022 | $3.2M | $2.9M | $1.3M | $1 | — | View 990 |
| 2021 | $3.2M | $2.5M | $1.0M | $1 | — | View 990 |
| 2020 | $2.6M | $3.3M | $344K | $1 | — | View 990 |
| 2019 | $5.1M | $5.2M | $1.0M | $700 | — | View 990 |
| 2015 | $2K | $2.6M | $1.2M | $1 | — | View 990 |
| 2014 | $6.9M | $3.9M | $3.8M | $16 | — | View 990 |
| 2013 | $2.0M | $3.1M | $812K | $196 | — | View 990 |
| 2012 | $1.3M | $234K | $1.9M | $165 | — | View 990 |
| 2011 | $13K | $51K | $923K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $3.4M, and assets of $667K (revenue -15.6% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.9M, and assets of $1.3M (revenue +0.8% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.5M, and assets of $1.0M (revenue +24.4% year-over-year).
- 2020: Revenue of $2.6M, expenses of $3.3M, and assets of $344K (revenue -50.0% year-over-year).
- 2019: Revenue of $5.1M, expenses of $5.2M, and assets of $1.0M (revenue +254182.9% year-over-year).
- 2015: Revenue of $2K, expenses of $2.6M, and assets of $1.2M (revenue -100.0% year-over-year).
- 2014: Revenue of $6.9M, expenses of $3.9M, and assets of $3.8M (revenue +246.0% year-over-year).
- 2013: Revenue of $2.0M, expenses of $3.1M, and assets of $812K (revenue +59.9% year-over-year).
- 2012: Revenue of $1.3M, expenses of $234K, and assets of $1.9M (revenue +9828.3% year-over-year).
- 2011: Revenue of $13K, expenses of $51K, and assets of $923K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henry Foundation:
Data Sources and Methodology
This transparency report for Henry 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.