Herbert Hoover Foundation Inc
Herbert Hoover Foundation maintains stable assets with zero officer compensation amidst fluctuating revenue.
EIN: 136101789 · Cedar Rapids, IA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $296K |
| Total Expenses | $258K |
| Program Spending | 85% |
| Net Assets | $4.8M |
| Transparency Score | 90/100 |
Is Herbert Hoover Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Herbert Hoover Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Herbert Hoover Foundation Inc
Herbert Hoover Foundation Inc (EIN: 136101789) is a nonprofit organization based in Cedar Rapids, IA. The organization reported total revenue of $296K and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herbert Hoover Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herbert Hoover Foundation Inc is a small nonprofit that has been operating for 66 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $648K |
| Total Expenses | $258K |
| Surplus / Deficit | +$390K |
| Total Assets | $4.8M |
| Total Liabilities | $17K |
| Net Assets | $4.8M |
| Operating Margin | 60.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 224.0 months |
Financial Health Grade: A
In 2023, Herbert Hoover Foundation Inc reported a surplus of $390K with revenue exceeding expenses, holds 224.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Herbert Hoover Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +306.5% | -3.6% | +8.5% |
| 2022 | -70.8% | +7.0% | -21.7% |
| 2021 | +147.5% | +8.8% | +5.8% |
| 2020 | -2.2% | -0.7% | +12.1% |
| 2019 | +5.0% | +8.0% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 Herbert Hoover Foundation Inc with a Mission Score of 90 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, Herbert Hoover Foundation Inc 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 $390K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filings, indicating that no salaries are paid to its officers. This is a highly positive sign for financial efficiency and suggests a volunteer-driven leadership or a structure where executive roles are not compensated, directing more funds to the 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 Herbert Hoover Foundation Inc's IRS 990 filings:
- Highly fluctuating revenue streams, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for Herbert Hoover Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Stable asset base, consistently around $4-5 million, providing financial security.
- Low liabilities across all filing periods, demonstrating responsible financial management.
- Consistent expense control, with expenses generally staying within a predictable range despite revenue volatility.
Frequently Asked Questions about Herbert Hoover Foundation Inc
Is Herbert Hoover Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Herbert Hoover Foundation Inc (EIN: 136101789) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Herbert Hoover Foundation Inc spend its money?
Herbert Hoover Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Herbert Hoover Foundation Inc tax-deductible?
Herbert Hoover Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136101789). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Herbert Hoover Foundation Inc's spending goes to programs?
Herbert Hoover Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Herbert Hoover Foundation Inc located?
Herbert Hoover Foundation Inc is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 136101789.
How many years of IRS 990 filings does Herbert Hoover Foundation Inc have?
Herbert Hoover Foundation Inc 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 $296K in total revenue.
Is the Herbert Hoover Foundation Inc. financially stable?
Yes, the foundation appears financially stable, consistently maintaining assets around $4-5 million and keeping liabilities low. For example, in 2023, assets were $4,812,254 with liabilities of only $17,211.
How efficient is the organization's spending?
The organization demonstrates high spending efficiency, particularly by reporting 0% officer compensation across all available filings, meaning no funds are used for executive salaries. Expenses have also remained relatively consistent, typically in the $200,000-$260,000 range, despite revenue fluctuations.
What is the trend in the organization's revenue?
The organization's revenue has been highly volatile, ranging from $92,005 in 2012 to $648,019 in 2023, and $159,423 in 2022, indicating an inconsistent funding stream.
Does the organization pay its executives?
No, the Herbert Hoover Foundation Inc. consistently reports 0% officer compensation in all provided IRS 990 filings, indicating that its officers are not paid.
Filing History
IRS 990 filing history for Herbert Hoover Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Herbert Hoover Foundation Inc's revenue has grown by 39.8%, moving from $463K to $648K. Total assets increased by 29.8% over the same period, from $3.7M to $4.8M. Total functional expenses rose by 37.2%, from $188K to $258K. In its most recent filing year (2023), Herbert Hoover Foundation Inc reported a surplus of $390K, with revenue exceeding expenses. The organization holds $17K in liabilities against $4.8M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $648K | $258K | $4.8M | $17K | — | View 990 |
| 2022 | $159K | $268K | $4.4M | $10K | — | View 990 |
| 2021 | $546K | $250K | $5.7M | $30K | — | — |
| 2020 | $221K | $230K | $5.4M | $19K | — | — |
| 2019 | $225K | $231K | $4.8M | $18K | — | View 990 |
| 2015 | $215K | $214K | $4.1M | $9K | — | View 990 |
| 2014 | $303K | $219K | $4.3M | $14K | — | View 990 |
| 2013 | $126K | $203K | $4.3M | $11K | — | View 990 |
| 2012 | $92K | $196K | $3.9M | $6K | — | View 990 |
| 2011 | $463K | $188K | $3.7M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $648K, expenses of $258K, and assets of $4.8M (revenue +306.5% year-over-year).
- 2022: Revenue of $159K, expenses of $268K, and assets of $4.4M (revenue -70.8% year-over-year).
- 2021: Revenue of $546K, expenses of $250K, and assets of $5.7M (revenue +147.5% year-over-year).
- 2020: Revenue of $221K, expenses of $230K, and assets of $5.4M (revenue -2.2% year-over-year).
- 2019: Revenue of $225K, expenses of $231K, and assets of $4.8M (revenue +5.0% year-over-year).
- 2015: Revenue of $215K, expenses of $214K, and assets of $4.1M (revenue -29.2% year-over-year).
- 2014: Revenue of $303K, expenses of $219K, and assets of $4.3M (revenue +140.6% year-over-year).
- 2013: Revenue of $126K, expenses of $203K, and assets of $4.3M (revenue +37.0% year-over-year).
- 2012: Revenue of $92K, expenses of $196K, and assets of $3.9M (revenue -80.1% year-over-year).
- 2011: Revenue of $463K, expenses of $188K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herbert Hoover Foundation Inc:
Data Sources and Methodology
This transparency report for Herbert Hoover Foundation Inc 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.