Ho Chen Family Foundation
Ho Chen Family Foundation shows asset growth and no officer compensation, but inconsistent revenue-to-expense ratios.
EIN: 203863571 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $247K |
| Total Expenses | $71K |
| Program Spending | 90% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Ho Chen Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ho Chen Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ho Chen Family Foundation
Ho Chen Family Foundation (EIN: 203863571) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $247K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ho Chen Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ho Chen Family Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $71K |
| Surplus / Deficit | $-55,442 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -356.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 223.8 months |
Financial Health Grade: B
In 2023, Ho Chen Family Foundation reported a deficit of $55K with expenses exceeding revenue, holds 223.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -87.7% | +0.5% | -3.5% |
| 2022 | -53.3% | +182.0% | +4.2% |
| 2021 | +86.3% | -55.2% | +23.0% |
| 2020 | -21.3% | +20.9% | +9.2% |
| 2019 | +6651.4% | +13.6% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Ho Chen 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, Ho Chen 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 $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Ho Chen Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly efficient for a foundation of its size.
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 Ho Chen Family Foundation's IRS 990 filings:
- Inconsistent revenue-to-expense ratio, with expenses exceeding revenue in some years (e.g., 2023: Revenue $15,544, Expenses $70,986).
Strengths
The following positive indicators were identified for Ho Chen Family Foundation:
- Consistent asset growth, reaching $1,430,057.
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Extremely low liabilities ($1 consistently reported), demonstrating strong financial health.
- Long filing history (10 filings) indicating sustained operation.
Frequently Asked Questions about Ho Chen Family Foundation
Is Ho Chen Family Foundation a legitimate charity?
Ho Chen Family Foundation (EIN: 203863571) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $247K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Ho Chen Family Foundation spend its money?
Ho Chen Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ho Chen Family Foundation tax-deductible?
Ho Chen Family Foundation is registered as a tax-exempt nonprofit (EIN: 203863571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ho Chen Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ho Chen 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 Ho Chen Family Foundation located?
Ho Chen Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 203863571. It is classified under NTEE code T20.
How many years of IRS 990 filings does Ho Chen Family Foundation have?
Ho Chen 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 $247K in total revenue.
Is Ho Chen Family Foundation a good charity?
Based on the available data, the Ho Chen Family Foundation appears to be a well-managed private foundation with strong asset growth and no executive compensation. Its consistent low liabilities and volunteer leadership are positive indicators. However, without detailed program spending breakdowns, it's difficult to fully assess its direct charitable impact.
How does the foundation manage its expenses relative to its revenue?
The foundation's expense management relative to revenue is inconsistent. In 2023, expenses ($70,986) were significantly higher than revenue ($15,544), while in 2021, revenue ($271,171) far exceeded expenses ($25,052). This suggests that the foundation may rely on investment returns or prior year surpluses to cover operational costs in some periods.
What is the trend in the foundation's assets?
The Ho Chen Family Foundation has shown a consistent upward trend in its assets, growing from $1,057,955 in 2011 to $1,430,057 in the latest period, indicating sound financial management and growth of its endowment.
Filing History
IRS 990 filing history for Ho Chen Family Foundation showing financial trends over 10 years of public records:
Total assets increased by 25.1% over the same period, from $1.1M to $1.3M. Total functional expenses rose by 66.8%, from $43K to $71K. In its most recent filing year (2023), Ho Chen Family Foundation reported a deficit of $55K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $71K | $1.3M | $1 | — | View 990 |
| 2022 | $127K | $71K | $1.4M | $1 | — | View 990 |
| 2021 | $271K | $25K | $1.3M | $1 | — | View 990 |
| 2020 | $146K | $56K | $1.1M | $1 | — | — |
| 2019 | $185K | $46K | $980K | $1 | — | View 990 |
| 2015 | $3K | $41K | $863K | $1 | — | View 990 |
| 2014 | $5K | $43K | $901K | $1 | — | View 990 |
| 2013 | $-15,197 | $29K | $940K | $1 | — | View 990 |
| 2012 | $-21,142 | $53K | $984K | $1 | — | View 990 |
| 2011 | $-34,457 | $43K | $1.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $71K, and assets of $1.3M (revenue -87.7% year-over-year).
- 2022: Revenue of $127K, expenses of $71K, and assets of $1.4M (revenue -53.3% year-over-year).
- 2021: Revenue of $271K, expenses of $25K, and assets of $1.3M (revenue +86.3% year-over-year).
- 2020: Revenue of $146K, expenses of $56K, and assets of $1.1M (revenue -21.3% year-over-year).
- 2019: Revenue of $185K, expenses of $46K, and assets of $980K (revenue +6651.4% year-over-year).
- 2015: Revenue of $3K, expenses of $41K, and assets of $863K (revenue -46.1% year-over-year).
- 2014: Revenue of $5K, expenses of $43K, and assets of $901K.
- 2013: Revenue of $-15,197, expenses of $29K, and assets of $940K.
- 2012: Revenue of $-21,142, expenses of $53K, and assets of $984K.
- 2011: Revenue of $-34,457, expenses of $43K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ho Chen Family Foundation:
Data Sources and Methodology
This transparency report for Ho Chen 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.