Hoffman Brouse Foundation
Hoffman Brouse Foundation faces persistent operating deficits and declining assets.
EIN: 202072534 · Wilmington, DE · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $97K |
| Program Spending | 80% |
| Net Assets | $909K |
| Transparency Score | 65/100 |
Is Hoffman Brouse Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoffman Brouse Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hoffman Brouse Foundation
Hoffman Brouse Foundation (EIN: 202072534) is a nonprofit organization based in Wilmington, DE, classified under NTEE code P60. The organization reported total revenue of $283K and total assets of $891K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoffman Brouse Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoffman Brouse Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $97K |
| Surplus / Deficit | $-63,973 |
| Total Assets | $909K |
| Total Liabilities | $1 |
| Net Assets | $909K |
| Operating Margin | -196.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 113.1 months |
Financial Health Grade: B
In 2023, Hoffman Brouse Foundation reported a deficit of $64K with expenses exceeding revenue, holds 113.1 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), Hoffman Brouse Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.3% | +8.0% | -6.6% |
| 2022 | +7.9% | -4.8% | -2.9% |
| 2020 | -106.7% | -23.9% | -8.9% |
| 2019 | -33.8% | +32.9% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Hoffman Brouse Foundation with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hoffman Brouse Foundation 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 deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Hoffman Brouse Foundation reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for minimizing administrative 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 Hoffman Brouse Foundation's IRS 990 filings:
- Consistent operating deficits (e.g., $96,504 expenses vs. $32,531 revenue in 2023).
- Declining asset base over recent years (from $1,140,728 in 2019 to $909,210 in 2023).
- Unusually low and consistent reported liabilities of $1 across all filings.
Strengths
The following positive indicators were identified for Hoffman Brouse Foundation:
- No reported officer compensation, indicating efficient use of funds in this area.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Maintains a substantial asset base ($909,210 in 2023) relative to its annual revenue, providing some financial cushion.
Frequently Asked Questions about Hoffman Brouse Foundation
Is Hoffman Brouse Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoffman Brouse Foundation (EIN: 202072534) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Hoffman Brouse Foundation spend its money?
Hoffman Brouse Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hoffman Brouse Foundation tax-deductible?
Hoffman Brouse Foundation is registered as a tax-exempt nonprofit (EIN: 202072534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hoffman Brouse Foundation's spending goes to programs?
Hoffman Brouse Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hoffman Brouse Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Hoffman Brouse Foundation is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hoffman Brouse Foundation located?
Hoffman Brouse Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 202072534. It is classified under NTEE code P60.
How many years of IRS 990 filings does Hoffman Brouse Foundation have?
Hoffman Brouse 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 $283K in total revenue.
Is the Hoffman Brouse Foundation financially sustainable given its consistent operating deficits?
The foundation has consistently spent more than it earned in recent years (e.g., $96,504 expenses vs. $32,531 revenue in 2023), leading to a decline in its asset base from over $1.1 million in 2019 to $909,210 in 2023. This trend suggests a need for increased revenue or reduced expenses to ensure long-term sustainability.
What is the primary cause of the declining asset base?
The declining asset base is primarily due to the foundation's consistent operating deficits, where annual expenses have frequently exceeded annual revenues, drawing down its reserves over time.
How does the foundation manage to operate with such low reported liabilities?
The consistent reporting of $1 in liabilities across all filings is unusual for an active organization and could indicate that the foundation has minimal outstanding debts or that certain liabilities are not being fully captured or reported in a standard manner. Further detail from the full 990 forms would be needed to understand this.
Filing History
IRS 990 filing history for Hoffman Brouse Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hoffman Brouse Foundation's revenue has declined by 62.4%, moving from $86K to $33K. Total assets decreased by 1.5% over the same period, from $923K to $909K. Total functional expenses rose by 42.6%, from $68K to $97K. In its most recent filing year (2023), Hoffman Brouse Foundation reported a deficit of $64K, with expenses exceeding revenue. The organization holds $1 in liabilities against $909K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $909K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $97K | $909K | $1 | — | — |
| 2022 | $61K | $89K | $973K | $1 | — | View 990 |
| 2021 | $56K | $94K | $1.0M | $1 | — | — |
| 2020 | $-2,204 | $99K | $1.0M | $1 | — | — |
| 2019 | $33K | $130K | $1.1M | $1 | — | View 990 |
| 2015 | $50K | $98K | $1.0M | $1 | — | View 990 |
| 2014 | $109K | $90K | $1.1M | $1 | — | View 990 |
| 2013 | $176K | $101K | $1.0M | $1 | — | View 990 |
| 2012 | $117K | $67K | $973K | $1 | — | View 990 |
| 2011 | $86K | $68K | $923K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $97K, and assets of $909K (revenue -46.3% year-over-year).
- 2022: Revenue of $61K, expenses of $89K, and assets of $973K (revenue +7.9% year-over-year).
- 2021: Revenue of $56K, expenses of $94K, and assets of $1.0M.
- 2020: Revenue of $-2,204, expenses of $99K, and assets of $1.0M (revenue -106.7% year-over-year).
- 2019: Revenue of $33K, expenses of $130K, and assets of $1.1M (revenue -33.8% year-over-year).
- 2015: Revenue of $50K, expenses of $98K, and assets of $1.0M (revenue -54.6% year-over-year).
- 2014: Revenue of $109K, expenses of $90K, and assets of $1.1M (revenue -38.1% year-over-year).
- 2013: Revenue of $176K, expenses of $101K, and assets of $1.0M (revenue +51.1% year-over-year).
- 2012: Revenue of $117K, expenses of $67K, and assets of $973K (revenue +34.9% year-over-year).
- 2011: Revenue of $86K, expenses of $68K, and assets of $923K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoffman Brouse Foundation:
Data Sources and Methodology
This transparency report for Hoffman Brouse 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.