Hjs Foundation Inc
Hjs Foundation Inc reports a drastic asset reduction to $1 in 2023 despite revenue of $36,363.
EIN: 205271947 · Charleston, SC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $8K |
| Program Spending | 80% |
| Net Assets | $0 |
| Transparency Score | 55/100 |
Is Hjs Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hjs Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hjs Foundation Inc
Hjs Foundation Inc (EIN: 205271947) is a nonprofit organization based in Charleston, SC, classified under NTEE code T20. The organization reported total revenue of $36K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hjs Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hjs Foundation Inc is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $8K |
| Surplus / Deficit | +$28K |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 76.9% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2023, Hjs Foundation Inc reported a surplus of $28K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hjs Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.2% | -72.8% | -100.0% |
| 2022 | -13.8% | +470.0% | +1.7% |
| 2021 | -0.5% | -71.2% | +10.2% |
| 2020 | +29.7% | -70.8% | +1.7% |
| 2019 | -20.5% | +696.1% | +322.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Hjs Foundation Inc with a Mission Score of 55 out of 100 (Fair). 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, Hjs 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 surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is positive for 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 Hjs Foundation Inc's IRS 990 filings:
- Drastic reduction in reported assets from $299,154 in 2022 to $1 in 2023 without clear explanation.
- Inconsistent revenue and expense patterns over the years, making financial forecasting difficult.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data.
Strengths
The following positive indicators were identified for Hjs Foundation Inc:
- Consistently reports 0% officer compensation, indicating low executive overhead.
- Maintained positive net income in the latest filing period (202312: Revenue $36,363, Expenses $8,400).
- Long history of IRS 990 filings, indicating compliance with reporting requirements.
Frequently Asked Questions about Hjs Foundation Inc
Is Hjs Foundation Inc a legitimate charity?
Hjs Foundation Inc (EIN: 205271947) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $36K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hjs Foundation Inc spend its money?
Hjs Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hjs Foundation Inc tax-deductible?
Hjs Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205271947). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hjs Foundation Inc's spending goes to programs?
Hjs Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hjs Foundation Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Hjs Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hjs Foundation Inc located?
Hjs Foundation Inc is headquartered in Charleston, South Carolina and files with the IRS under EIN 205271947. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hjs Foundation Inc have?
Hjs 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 $36K in total revenue.
What caused the Hjs Foundation Inc's assets to drop from $299,154 in 2022 to $1 in 2023?
The provided data does not specify the reason for this drastic reduction in assets. This would require reviewing the full IRS Form 990 for 2023, specifically Schedule D (Supplemental Financial Statements) and Part X (Balance Sheet), to understand the nature of the asset disposition.
Is Hjs Foundation Inc financially stable given its asset reduction?
The sudden reduction of assets to $1 in 2023 raises significant concerns about the organization's long-term financial stability, despite a positive net income in the latest period. A healthy asset base is crucial for operational resilience and future program funding.
What are the primary programs of Hjs Foundation Inc?
The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations'. Without the full 990, specific program details are not available, but it suggests the organization primarily engages in grantmaking or supporting other nonprofits.
Filing History
IRS 990 filing history for Hjs Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hjs Foundation Inc's revenue has grown by 351%, moving from $8K to $36K. Total assets decreased by 100% over the same period, from $28K to $1. Total functional expenses fell by 70.2%, from $28K to $8K. In its most recent filing year (2023), Hjs Foundation Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $8K | $1 | $1 | — | — |
| 2022 | $31K | $31K | $299K | $1 | — | — |
| 2021 | $36K | $5K | $294K | $1 | — | View 990 |
| 2020 | $36K | $19K | $267K | $1 | — | — |
| 2019 | $28K | $64K | $262K | $1 | — | View 990 |
| 2015 | $35K | $8K | $62K | $0 | — | View 990 |
| 2014 | $5K | $17K | $35K | $0 | — | View 990 |
| 2013 | $30K | $24K | $47K | $0 | — | View 990 |
| 2012 | $30K | $17K | $41K | $0 | — | View 990 |
| 2011 | $8K | $28K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $8K, and assets of $1 (revenue +17.2% year-over-year).
- 2022: Revenue of $31K, expenses of $31K, and assets of $299K (revenue -13.8% year-over-year).
- 2021: Revenue of $36K, expenses of $5K, and assets of $294K (revenue -0.5% year-over-year).
- 2020: Revenue of $36K, expenses of $19K, and assets of $267K (revenue +29.7% year-over-year).
- 2019: Revenue of $28K, expenses of $64K, and assets of $262K (revenue -20.5% year-over-year).
- 2015: Revenue of $35K, expenses of $8K, and assets of $62K (revenue +593.8% year-over-year).
- 2014: Revenue of $5K, expenses of $17K, and assets of $35K (revenue -83.2% year-over-year).
- 2013: Revenue of $30K, expenses of $24K, and assets of $47K (revenue +0.0% year-over-year).
- 2012: Revenue of $30K, expenses of $17K, and assets of $41K (revenue +272.9% year-over-year).
- 2011: Revenue of $8K, expenses of $28K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hjs Foundation Inc:
Data Sources and Methodology
This transparency report for Hjs 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.