Hires Family Resources Inc
Hires Family Resources Inc. consistently operates on a lean budget with no reported officer compensation, often spending near or slightly above its annual revenue.
EIN: 10613834 · Yakima, WA · NTEE: P40 · Updated: 2026-03-28
Is Hires Family Resources Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hires Family Resources Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hires Family Resources Inc
Hires Family Resources Inc (EIN: 10613834) is a nonprofit organization based in Yakima, WA, classified under NTEE code P40. The organization reported total revenue of $281K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hires Family Resources Inc'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 Hires Family Resources Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Hires Family Resources 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of this revenue size and suggests a strong commitment to minimizing overhead.
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 Hires Family Resources Inc's IRS 990 filings:
- Consistent expenses exceeding revenue in recent years (e.g., 2023, 2022, 2016, 2015, 2014) could indicate reliance on prior reserves or short-term funding gaps.
- Very low asset base relative to annual revenue, which could limit resilience during unexpected financial challenges.
Strengths
The following positive indicators were identified for Hires Family Resources Inc:
- Zero reported officer compensation across all filings, indicating a strong commitment to minimizing administrative overhead and maximizing program funding.
- Consistent filing history (13 filings) demonstrates good transparency and compliance with IRS regulations.
- Generally low liabilities, indicating responsible financial management, with a notable recovery from a 2020 spike.
- Stable revenue stream over the past decade, suggesting consistent donor or grant support.
Frequently Asked Questions about Hires Family Resources Inc
Is Hires Family Resources Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hires Family Resources Inc (EIN: 10613834) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Hires Family Resources Inc spend its money?
Hires Family Resources Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hires Family Resources Inc tax-deductible?
Hires Family Resources Inc is registered as a tax-exempt nonprofit (EIN: 10613834). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hires Family Resources Inc. manage to operate without any reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that any compensation for key personnel is categorized differently, such as general salaries, rather than officer compensation. This is a significant operational model that allows more funds to be directed to programs.
What is the primary reason for the low asset base relative to annual revenue?
The low asset base (e.g., $10,247 in 2023 against $379,504 revenue) suggests that Hires Family Resources Inc. operates with minimal reserves and fixed assets, likely focusing on immediate program delivery rather than accumulating significant financial or physical capital. This can indicate a lean, direct-service oriented approach.
What caused the spike in liabilities in 2020 to $49,063?
The provided data does not specify the exact cause of the liability spike in 2020. However, such an increase could be due to short-term loans, deferred revenue, or increased accounts payable, possibly related to operational adjustments during the COVID-19 pandemic. The subsequent reduction in liabilities indicates effective management and repayment.
Filing History
IRS 990 filing history for Hires Family Resources Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hires Family Resources Inc's revenue has grown by 30.1%, moving from $292K to $380K. Total assets decreased by 74.5% over the same period, from $40K to $10K. Total functional expenses rose by 40.9%, from $281K to $396K. In its most recent filing year (2023), Hires Family Resources Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $757 in liabilities against $10K in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $380K | $396K | $10K | $757 | — | — |
| 2022 | $345K | $374K | $27K | $947 | — | View 990 |
| 2021 | $328K | $295K | $56K | $439 | — | View 990 |
| 2020 | $387K | $380K | $71K | $49K | — | View 990 |
| 2019 | $384K | $375K | $16K | $614 | — | View 990 |
| 2018 | $320K | $319K | $13K | $628 | — | View 990 |
| 2017 | $350K | $340K | $11K | $632 | — | View 990 |
| 2016 | $337K | $368K | $10K | $9K | — | View 990 |
| 2015 | $374K | $379K | $31K | $11K | — | View 990 |
| 2014 | $316K | $342K | $26K | $756 | — | View 990 |
| 2013 | $305K | $278K | $51K | $0 | — | View 990 |
| 2012 | $247K | $264K | $24K | $0 | — | View 990 |
| 2011 | $292K | $281K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $380K, expenses of $396K, and assets of $10K (revenue +10.0% year-over-year).
- 2022: Revenue of $345K, expenses of $374K, and assets of $27K (revenue +5.2% year-over-year).
- 2021: Revenue of $328K, expenses of $295K, and assets of $56K (revenue -15.2% year-over-year).
- 2020: Revenue of $387K, expenses of $380K, and assets of $71K (revenue +0.8% year-over-year).
- 2019: Revenue of $384K, expenses of $375K, and assets of $16K (revenue +19.8% year-over-year).
- 2018: Revenue of $320K, expenses of $319K, and assets of $13K (revenue -8.5% year-over-year).
- 2017: Revenue of $350K, expenses of $340K, and assets of $11K (revenue +3.9% year-over-year).
- 2016: Revenue of $337K, expenses of $368K, and assets of $10K (revenue -9.8% year-over-year).
- 2015: Revenue of $374K, expenses of $379K, and assets of $31K (revenue +18.1% year-over-year).
- 2014: Revenue of $316K, expenses of $342K, and assets of $26K (revenue +3.5% year-over-year).
- 2013: Revenue of $305K, expenses of $278K, and assets of $51K (revenue +23.6% year-over-year).
- 2012: Revenue of $247K, expenses of $264K, and assets of $24K (revenue -15.3% year-over-year).
- 2011: Revenue of $292K, expenses of $281K, and assets of $40K.
Data Sources and Methodology
This transparency report for Hires Family Resources 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.