Hesed Foundation Inc
Hesed Foundation consistently spends more than it earns, drawing down on its substantial asset base.
EIN: 20513464 · Rye Beach, NH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $123K |
| Total Expenses | $70K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $800,000. |
| Net Assets | $838K |
| Transparency Score | 75/100 |
Is Hesed Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hesed Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hesed Foundation Inc
Hesed Foundation Inc (EIN: 20513464) is a nonprofit organization based in Rye Beach, NH, classified under NTEE code T22. The organization reported total revenue of $123K and total assets of $812K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hesed Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hesed Foundation Inc is a small nonprofit that has been operating for 26 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $70K |
| Surplus / Deficit | $-44,118 |
| Total Assets | $864K |
| Total Liabilities | $27K |
| Net Assets | $838K |
| Operating Margin | -171.6% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 148.6 months |
Financial Health Grade: B
In 2023, Hesed Foundation Inc reported a deficit of $44K with expenses exceeding revenue, holds 148.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Hesed Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.6% | -2.3% | -2.0% |
| 2022 | -59.5% | -10.2% | -0.7% |
| 2021 | +134.3% | +4.9% | +10.1% |
| 2020 | +7.9% | -15.6% | -0.9% |
| 2019 | -9.5% | +21.9% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Hesed Foundation Inc 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, Hesed Foundation Inc 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 $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization with assets exceeding $800,000.
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 Hesed Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $69,823 expenses vs. $25,705 revenue in 2023.
- Gradual decline in total assets over the last decade, from $950,104 in 2014 to $864,451 in 2023.
Strengths
The following positive indicators were identified for Hesed Foundation Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in executive pay.
- Substantial asset base ($864,451 in 2023) provides financial stability despite deficit spending.
- Consistent filing of IRS Form 990s over many years, demonstrating transparency and compliance.
Frequently Asked Questions about Hesed Foundation Inc
Is Hesed Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hesed Foundation Inc (EIN: 20513464) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Hesed Foundation Inc spend its money?
Hesed Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hesed Foundation Inc tax-deductible?
Hesed Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20513464). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hesed Foundation Inc CEO make?
Hesed Foundation Inc's highest-compensated officer earns $800,000. annually. The organization reported $123K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hesed Foundation Inc's spending goes to programs?
Hesed Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hesed Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hesed Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hesed Foundation Inc located?
Hesed Foundation Inc is headquartered in Rye Beach, New Hampshire and files with the IRS under EIN 20513464. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hesed Foundation Inc have?
Hesed Foundation Inc has 11 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 $123K in total revenue.
Is Hesed Foundation Inc. financially sustainable given its revenue-expense trend?
The foundation has consistently spent more than its revenue in most recent years (e.g., $69,823 expenses vs. $25,705 revenue in 2023). While its substantial asset base of $864,451 provides a buffer, this trend is not sustainable long-term without increased revenue or reduced spending.
What is the primary use of the organization's funds?
Given its NTEE code T22 (Private Grantmaking Foundations) and the absence of officer compensation, it is highly probable that the majority of its expenses are directed towards grants and related program activities, though specific program spending data is not provided.
How has the organization's asset base changed over time?
The organization's assets have gradually declined from a peak of $950,104 in 2014 to $864,451 in 2023, reflecting the consistent pattern of expenses exceeding revenue.
Filing History
IRS 990 filing history for Hesed Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Hesed Foundation Inc's revenue has declined by 54.5%, moving from $56K to $26K. Total assets decreased by 22.1% over the same period, from $1.1M to $864K. Total functional expenses rose by 33.1%, from $52K to $70K. In its most recent filing year (2023), Hesed Foundation Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $27K in liabilities against $864K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $838K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $70K | $864K | $27K | — | — |
| 2022 | $65K | $71K | $882K | $1 | — | View 990 |
| 2021 | $161K | $80K | $888K | $1 | — | View 990 |
| 2020 | $69K | $76K | $806K | $1 | — | — |
| 2019 | $64K | $90K | $813K | $0 | — | View 990 |
| 2018 | $70K | $74K | $861K | $22K | — | View 990 |
| 2015 | $36K | $71K | $917K | $0 | — | View 990 |
| 2014 | $100K | $79K | $950K | $0 | — | View 990 |
| 2013 | $59K | $56K | $929K | $0 | — | View 990 |
| 2012 | $50K | $56K | $928K | $0 | — | View 990 |
| 2011 | $56K | $52K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $70K, and assets of $864K (revenue -60.6% year-over-year).
- 2022: Revenue of $65K, expenses of $71K, and assets of $882K (revenue -59.5% year-over-year).
- 2021: Revenue of $161K, expenses of $80K, and assets of $888K (revenue +134.3% year-over-year).
- 2020: Revenue of $69K, expenses of $76K, and assets of $806K (revenue +7.9% year-over-year).
- 2019: Revenue of $64K, expenses of $90K, and assets of $813K (revenue -9.5% year-over-year).
- 2018: Revenue of $70K, expenses of $74K, and assets of $861K (revenue +94.5% year-over-year).
- 2015: Revenue of $36K, expenses of $71K, and assets of $917K (revenue -63.7% year-over-year).
- 2014: Revenue of $100K, expenses of $79K, and assets of $950K (revenue +68.8% year-over-year).
- 2013: Revenue of $59K, expenses of $56K, and assets of $929K (revenue +18.8% year-over-year).
- 2012: Revenue of $50K, expenses of $56K, and assets of $928K (revenue -11.9% year-over-year).
- 2011: Revenue of $56K, expenses of $52K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hesed Foundation Inc:
Data Sources and Methodology
This transparency report for Hesed 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.