Hillenbrand Family Foundation
Hillenbrand Family Foundation's assets have declined significantly over the past decade as expenses consistently outpace revenue.
EIN: 134050660 · Charleston, SC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $176K |
| Total Expenses | $137K |
| Program Spending | 90% |
| Net Assets | $57K |
| Transparency Score | 85/100 |
Is Hillenbrand Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hillenbrand Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hillenbrand Family Foundation
Hillenbrand Family Foundation (EIN: 134050660) is a nonprofit organization based in Charleston, SC, classified under NTEE code T20. The organization reported total revenue of $176K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hillenbrand Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hillenbrand Family Foundation is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $137K |
| Surplus / Deficit | $-17,941 |
| Total Assets | $57K |
| Total Liabilities | $1 |
| Net Assets | $57K |
| Operating Margin | -15.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2023, Hillenbrand Family Foundation reported a deficit of $18K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hillenbrand Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.3% | -33.3% | -78.6% |
| 2022 | +12.9% | -20.0% | -35.2% |
| 2021 | -20.4% | +0.7% | +32.6% |
| 2020 | +10.4% | -24.1% | +16.9% |
| 2019 | -21.8% | -44.9% | -73.5% |
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 Hillenbrand Family Foundation with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Hillenbrand Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is unpaid, which is a strong positive for efficiency and resource allocation.
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 Hillenbrand Family Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade, from $2.2M in 2011 to $56K in 2023, indicating a potential winding down or significant distribution of principal.
Strengths
The following positive indicators were identified for Hillenbrand Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication of resources to the mission.
- Low liabilities (often $0 or $1) across all reported periods, suggesting sound financial management.
- Clear and consistent IRS 990 filing history, demonstrating strong transparency.
- Expenses frequently exceeding revenue, indicating active distribution of funds rather than accumulation.
Frequently Asked Questions about Hillenbrand Family Foundation
Is Hillenbrand Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hillenbrand Family Foundation (EIN: 134050660) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Hillenbrand Family Foundation spend its money?
Hillenbrand Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hillenbrand Family Foundation tax-deductible?
Hillenbrand Family Foundation is registered as a tax-exempt nonprofit (EIN: 134050660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hillenbrand Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hillenbrand Family 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 Hillenbrand Family Foundation located?
Hillenbrand Family Foundation is headquartered in Charleston, South Carolina and files with the IRS under EIN 134050660. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hillenbrand Family Foundation have?
Hillenbrand Family 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 $176K in total revenue.
Is the Hillenbrand Family Foundation a good charity?
As a private foundation, its 'goodness' is measured by its effectiveness in distributing funds. The consistent decline in assets from $2,247,790 in 2011 to $56,902 in 2023, coupled with expenses frequently exceeding revenue, suggests it is actively distributing its resources. The 0% officer compensation is a strong positive indicator of efficiency.
Why are the foundation's assets decreasing?
The consistent decrease in assets, from over $2.2 million in 2011 to $56,902 in 2023, is likely due to the foundation's strategy of distributing its principal (corpus) through grants and expenses that frequently exceed its annual revenue. This is a common approach for some private foundations aiming to disburse their funds over time.
What is the foundation's spending efficiency?
The foundation demonstrates high spending efficiency in terms of executive compensation, reporting 0% for officers across all filings. While a detailed breakdown of program vs. administrative expenses isn't provided, the absence of officer salaries suggests a lean operational structure, maximizing funds available for its mission.
Filing History
IRS 990 filing history for Hillenbrand Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hillenbrand Family Foundation's revenue has declined by 58.5%, moving from $286K to $119K. Total assets decreased by 97.5% over the same period, from $2.2M to $57K. Total functional expenses fell by 85.7%, from $952K to $137K. In its most recent filing year (2023), Hillenbrand Family Foundation reported a deficit of $18K, with expenses exceeding revenue. The organization holds $1 in liabilities against $57K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $57K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $137K | $57K | $1 | — | View 990 |
| 2022 | $202K | $205K | $265K | $1 | — | View 990 |
| 2021 | $179K | $256K | $409K | $1 | — | View 990 |
| 2020 | $225K | $254K | $309K | $1 | — | View 990 |
| 2019 | $204K | $335K | $264K | $0 | — | View 990 |
| 2015 | $260K | $607K | $996K | $0 | — | View 990 |
| 2014 | $191K | $544K | $1.6M | $0 | — | View 990 |
| 2013 | $516K | $572K | $1.9M | $0 | — | View 990 |
| 2012 | $194K | $477K | $2.0M | $0 | — | View 990 |
| 2011 | $286K | $952K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $137K, and assets of $57K (revenue -41.3% year-over-year).
- 2022: Revenue of $202K, expenses of $205K, and assets of $265K (revenue +12.9% year-over-year).
- 2021: Revenue of $179K, expenses of $256K, and assets of $409K (revenue -20.4% year-over-year).
- 2020: Revenue of $225K, expenses of $254K, and assets of $309K (revenue +10.4% year-over-year).
- 2019: Revenue of $204K, expenses of $335K, and assets of $264K (revenue -21.8% year-over-year).
- 2015: Revenue of $260K, expenses of $607K, and assets of $996K (revenue +36.0% year-over-year).
- 2014: Revenue of $191K, expenses of $544K, and assets of $1.6M (revenue -62.9% year-over-year).
- 2013: Revenue of $516K, expenses of $572K, and assets of $1.9M (revenue +166.3% year-over-year).
- 2012: Revenue of $194K, expenses of $477K, and assets of $2.0M (revenue -32.2% year-over-year).
- 2011: Revenue of $286K, expenses of $952K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hillenbrand Family Foundation:
Data Sources and Methodology
This transparency report for Hillenbrand 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.