Hoenes Foundation Inc
Hoenes Foundation Inc shows consistent asset growth and no executive compensation over a decade.
EIN: 200878440 · Marietta, GA · NTEE: T22 · Updated: 2026-03-28
Is Hoenes Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoenes Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hoenes Foundation Inc
Hoenes Foundation Inc (EIN: 200878440) is a nonprofit organization based in Marietta, GA, classified under NTEE code T22. The organization reported total revenue of $187K and total assets of $258K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoenes Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoenes Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 54.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $177K |
| Surplus / Deficit | +$746 |
| Total Assets | $250K |
| Total Liabilities | $1 |
| Net Assets | $250K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 16.9 months |
Financial Health Grade: A
In 2023, Hoenes Foundation Inc reported a surplus of $746 with revenue exceeding expenses, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hoenes Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 54.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +6.6% | +0.3% |
| 2022 | +7.4% | +31.7% | +4.9% |
| 2021 | +32.1% | -13.0% | +19.9% |
| 2020 | -14.2% | -3.3% | -9.0% |
| 2019 | +139.5% | +27790.9% | +221.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Hoenes Foundation Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Hoenes Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $746, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not reflected as officer compensation, which is highly favorable for 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.
Strengths
The following positive indicators were identified for Hoenes Foundation Inc:
- Consistent 0% officer compensation, indicating high resource allocation to mission.
- Strong and consistent asset growth from $5,838 in 2011 to $250,184 in 2023.
- Minimal liabilities ($1 in recent years), demonstrating sound financial management.
- Steady increase in revenue, from $1,000 in 2011 to $177,946 in 2023, showing organizational growth.
- Consistent IRS 990 filing history over a decade, indicating transparency and compliance.
Frequently Asked Questions about Hoenes Foundation Inc
Is Hoenes Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoenes Foundation Inc (EIN: 200878440) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Hoenes Foundation Inc spend its money?
Hoenes Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hoenes Foundation Inc tax-deductible?
Hoenes Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200878440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hoenes Foundation Inc a good charity?
Based on the provided data, Hoenes Foundation Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to directing resources towards its mission by reporting 0% officer compensation for over a decade.
How has the Hoenes Foundation's revenue grown over time?
The Hoenes Foundation's revenue has grown substantially, from $1,000 in 2011 to $177,946 in 2023, indicating significant expansion and increased financial capacity.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, increasing from $5,838 in 2011 to $250,184 in 2023, reflecting effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Hoenes Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hoenes Foundation Inc's revenue has grown by 17694.6%, moving from $1K to $178K. Total assets increased by 4185.4% over the same period, from $6K to $250K. Total functional expenses rose by 38845.1%, from $455 to $177K. In its most recent filing year (2023), Hoenes Foundation Inc reported a surplus of $746, with revenue exceeding expenses. The organization holds $1 in liabilities against $250K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $250K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $178K | $177K | $250K | $1 | — | View 990 |
| 2022 | $178K | $166K | $249K | $1 | — | View 990 |
| 2021 | $166K | $126K | $238K | $1 | — | — |
| 2020 | $125K | $145K | $198K | $1 | — | — |
| 2019 | $146K | $150K | $218K | $0 | — | View 990 |
| 2015 | $61K | $538 | $68K | $0 | — | View 990 |
| 2014 | $1K | $537 | $7K | $0 | — | View 990 |
| 2013 | $1K | $536 | $7K | $0 | — | View 990 |
| 2012 | $1K | $415 | $6K | $0 | — | View 990 |
| 2011 | $1K | $455 | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $178K, expenses of $177K, and assets of $250K (revenue +0.0% year-over-year).
- 2022: Revenue of $178K, expenses of $166K, and assets of $249K (revenue +7.4% year-over-year).
- 2021: Revenue of $166K, expenses of $126K, and assets of $238K (revenue +32.1% year-over-year).
- 2020: Revenue of $125K, expenses of $145K, and assets of $198K (revenue -14.2% year-over-year).
- 2019: Revenue of $146K, expenses of $150K, and assets of $218K (revenue +139.5% year-over-year).
- 2015: Revenue of $61K, expenses of $538, and assets of $68K (revenue +6000.0% year-over-year).
- 2014: Revenue of $1K, expenses of $537, and assets of $7K (revenue -2.0% year-over-year).
- 2013: Revenue of $1K, expenses of $536, and assets of $7K (revenue +1.0% year-over-year).
- 2012: Revenue of $1K, expenses of $415, and assets of $6K (revenue +1.0% year-over-year).
- 2011: Revenue of $1K, expenses of $455, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoenes Foundation Inc:
Data Sources and Methodology
This transparency report for Hoenes 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.