Hirschhorn Foundation Inc
Hirschhorn Foundation shows inconsistent revenue and recurring expense deficits, maintaining substantial assets.
EIN: 133002070 · Salt Lake City, UT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $111K |
| Program Spending | 70% |
| Net Assets | $917K |
| Transparency Score | 60/100 |
Is Hirschhorn Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hirschhorn Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hirschhorn Foundation Inc
Hirschhorn Foundation Inc (EIN: 133002070) is a nonprofit organization based in Salt Lake City, UT. The organization reported total revenue of $152K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hirschhorn Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hirschhorn Foundation Inc is a small nonprofit that has been operating for 47 years, with 8 years of IRS 990 filings on record (2012–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -300.8% | +144.8% | -3.4% |
| 2022 | -56.6% | +5.1% | -1.1% |
| 2021 | +238.5% | -30.5% | +2.6% |
| 2020 | +238.7% | -57.4% | -26.8% |
| 2015 | -95.9% | +50.4% | -7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Hirschhorn Foundation Inc with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hirschhorn Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 22.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's officers are either uncompensated volunteers or receive compensation below the reporting threshold, which can indicate a 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 Hirschhorn Foundation Inc's IRS 990 filings:
- Inconsistent revenue generation, including negative revenue in 2023.
- Expenses frequently exceed revenue, indicating potential reliance on asset drawdowns.
- Lack of NTEE code in provided data limits understanding of specific mission focus.
Strengths
The following positive indicators were identified for Hirschhorn Foundation Inc:
- Consistent filing of IRS Form 990s, demonstrating compliance.
- Substantial asset base ($1,200,850 latest) provides financial stability.
- No reported officer compensation, suggesting low administrative overhead in this area.
Frequently Asked Questions about Hirschhorn Foundation Inc
Is Hirschhorn Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hirschhorn Foundation Inc (EIN: 133002070) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Hirschhorn Foundation Inc spend its money?
Hirschhorn Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hirschhorn Foundation Inc tax-deductible?
Hirschhorn Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133002070). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hirschhorn Foundation Inc's spending goes to programs?
Hirschhorn Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Hirschhorn Foundation Inc located?
Hirschhorn Foundation Inc is headquartered in Salt Lake City, Utah and files with the IRS under EIN 133002070.
How many years of IRS 990 filings does Hirschhorn Foundation Inc have?
Hirschhorn Foundation Inc has 8 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 $152K in total revenue.
Why did the Hirschhorn Foundation Inc. report negative revenue of $-64,666 in 2023?
Negative revenue can occur due to various reasons such as significant returns, allowances, or adjustments that exceed gross receipts, or a substantial loss on investments. The specific reason would require reviewing the detailed 990 filing for 2023.
What is the nature of the consistent $260,000 liability reported by the organization?
The consistent liability of $260,000 across multiple years (2014-2023) suggests a long-term debt or obligation, such as a mortgage, loan, or specific grant obligation. The detailed 990 forms would specify the type of liability.
How does the organization cover its expenses when revenue is significantly lower, as seen in 2023 ($ -64,666 revenue vs. $110,933 expenses)?
When expenses exceed revenue, organizations typically draw from their accumulated assets or reserves to cover the deficit. This is evident in the decrease in assets from $1,217,958 in 2022 to $1,176,747 in 2023.
Filing History
IRS 990 filing history for Hirschhorn Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Hirschhorn Foundation Inc's revenue has declined by 193%, moving from $70K to $-64,666. Total assets decreased by 22.6% over the same period, from $1.5M to $1.2M. Total functional expenses rose by 210.9%, from $36K to $111K. The organization holds $260K in liabilities against $1.2M in assets (debt-to-asset ratio: 22.1%), resulting in net assets of $917K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-64,666 | $111K | $1.2M | $260K | — | View 990 |
| 2022 | $32K | $45K | $1.2M | $260K | — | View 990 |
| 2021 | $74K | $43K | $1.2M | $260K | — | View 990 |
| 2020 | $22K | $62K | $1.2M | $260K | — | View 990 |
| 2015 | $6K | $146K | $1.6M | $260K | — | View 990 |
| 2014 | $159K | $97K | $1.8M | $260K | — | View 990 |
| 2013 | $65K | $29K | $1.6M | $160K | — | View 990 |
| 2012 | $70K | $36K | $1.5M | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-64,666, expenses of $111K, and assets of $1.2M (revenue -300.8% year-over-year).
- 2022: Revenue of $32K, expenses of $45K, and assets of $1.2M (revenue -56.6% year-over-year).
- 2021: Revenue of $74K, expenses of $43K, and assets of $1.2M (revenue +238.5% year-over-year).
- 2020: Revenue of $22K, expenses of $62K, and assets of $1.2M (revenue +238.7% year-over-year).
- 2015: Revenue of $6K, expenses of $146K, and assets of $1.6M (revenue -95.9% year-over-year).
- 2014: Revenue of $159K, expenses of $97K, and assets of $1.8M (revenue +145.5% year-over-year).
- 2013: Revenue of $65K, expenses of $29K, and assets of $1.6M (revenue -7.0% year-over-year).
- 2012: Revenue of $70K, expenses of $36K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hirschhorn Foundation Inc:
Data Sources and Methodology
This transparency report for Hirschhorn 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.