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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Henry Foundation (EIN: 205861163) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Henry Foundation spend its money?
Henry Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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 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.
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.