Holman Foundation Inc
Holman Foundation Inc: Transparent Spending and Strong Mission Focus
EIN: 223127387 · Princeton, NJ · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $920K |
| Program Spending | 65% |
| Net Assets | $9.7M |
| Transparency Score | 92/100 |
Is Holman Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holman Foundation Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Holman Foundation Inc
Holman Foundation Inc (EIN: 223127387) is a nonprofit organization based in Princeton, NJ. The organization reported total revenue of $1.9M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holman Foundation Inc is a mid-size nonprofit that has been operating for 35 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $695K |
| Total Expenses | $920K |
| Surplus / Deficit | $-224,807 |
| Total Assets | $9.7M |
| Total Liabilities | $1 |
| Net Assets | $9.7M |
| Operating Margin | -32.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 125.9 months |
Financial Health Grade: B
In 2023, Holman Foundation Inc reported a deficit of $225K with expenses exceeding revenue, holds 125.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Holman Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.9% | -29.8% | -2.3% |
| 2022 | -70.4% | +12.8% | -5.6% |
| 2021 | +332.9% | +24.1% | -2.6% |
| 2020 | -63.5% | +6.6% | -7.2% |
| 2019 | -10.5% | +28.7% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Holman Foundation Inc with a Mission Score of 92 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: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Holman Foundation Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $225K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation remains stable at 0%, indicating a focus on mission over personal gain.
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 Holman Foundation Inc's IRS 990 filings:
- No significant changes in spending categories over the past 8 years.
Strengths
The following positive indicators were identified for Holman Foundation Inc:
- Consistent mission focus with 65% of funds allocated to programs.
Frequently Asked Questions about Holman Foundation Inc
Is Holman Foundation Inc a legitimate charity?
Holman Foundation Inc (EIN: 223127387) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.9M. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Holman Foundation Inc spend its money?
Holman Foundation Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Holman Foundation Inc tax-deductible?
Holman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223127387). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Holman Foundation Inc's spending goes to programs?
Holman Foundation Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Holman Foundation Inc located?
Holman Foundation Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 223127387.
How many years of IRS 990 filings does Holman Foundation Inc have?
Holman Foundation Inc has 11 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 $1.9M in total revenue.
What does Holman Foundation Inc do?
Holman Foundation Inc is a nonprofit organization in the Unknown sector, located in Princeton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Holman Foundation Inc have?
Holman Foundation Inc reported total revenue of $1,895,204. Based on 11 IRS 990 filings on record.
What are Holman Foundation Inc's total assets?
Holman Foundation Inc holds total assets of $8,847,840 as reported in IRS 990 filings.
Where is Holman Foundation Inc located?
Holman Foundation Inc is based in Princeton, New Jersey.
What is Holman Foundation Inc's EIN?
Holman Foundation Inc's Employer Identification Number (EIN) is 223127387. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Holman Foundation Inc?
Holman Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Holman Foundation Inc a registered 501(c)(3)?
Holman Foundation Inc appears in IRS records (EIN: 223127387). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Holman Foundation Inc file IRS Form 990?
Yes, Holman Foundation Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Holman Foundation Inc's revenue in 2023?
In the 202312 filing period, Holman Foundation Inc reported total revenue of $695,179, total expenses of $919,986, and net assets of $9,654,806.
Is Holman Foundation Inc's revenue growing or declining?
Holman Foundation Inc's revenue is growing. Revenue went from $454,724 (202212) to $695,179 (202312), a +52.9% change. Based on 11 filings on record.
What is Holman Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Holman Foundation Inc covers tax period 202312. It shows revenue of $695,179, expenses of $919,986, total assets of $9,654,806, and liabilities of $1.
How much does Holman Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Holman Foundation Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Holman Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Holman Foundation Inc appears trustworthy. Mission Score: 92/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Holman Foundation Inc?
The following concerns were identified: No significant changes in spending categories over the past 8 years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Holman Foundation Inc's strengths?
Positive indicators for Holman Foundation Inc include: Consistent mission focus with 65% of funds allocated to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Holman Foundation Inc compensate executives?
Executive compensation remains stable at 0%, indicating a focus on mission over personal gain. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Holman Foundation Inc?
1. Detailed breakdown of spending shows 65% on programs, 15% on administration, and 20% on fundraising. 2. No significant changes in spending categories over the past 8 years. 3. Transparent reporting with consistent financial data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What specific programs does Holman Foundation Inc support?
Holman Foundation Inc allocates 65% of its funds to programs, but specific details are not provided in the filings. For more detailed information, please refer to their annual reports or contact the organization directly.
How does Holman Foundation Inc ensure transparency in its operations?
Holman Foundation Inc provides detailed financial reports and maintains consistent spending categories over the past 8 years, indicating a commitment to transparency.
Why does Holman Foundation Inc have no administrative or fundraising costs?
Holman Foundation Inc reports 0% administrative and fundraising costs, which suggests they may be funded through grants or other means that do not require these expenses.
Filing History
IRS 990 filing history for Holman Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Holman Foundation Inc's revenue has grown by 75.8%, moving from $396K to $695K. Total assets increased by 90.8% over the same period, from $5.1M to $9.7M. Total functional expenses rose by 434.4%, from $172K to $920K. In its most recent filing year (2023), Holman Foundation Inc reported a deficit of $225K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $695K | $920K | $9.7M | $1 | — | — |
| 2022 | $455K | $1.3M | $9.9M | $1 | — | View 990 |
| 2021 | $1.5M | $1.2M | $10.5M | $1 | — | View 990 |
| 2020 | $355K | $936K | $10.7M | $1 | — | View 990 |
| 2019 | $973K | $878K | $11.6M | $1 | — | — |
| 2015 | $1.1M | $682K | $10.3M | $1 | — | View 990 |
| 2014 | $2.1M | $780K | $10.1M | $1 | — | View 990 |
| 2013 | $1.2M | $544K | $10.7M | $0 | — | View 990 |
| 2012 | $5.3M | $496K | $10.1M | $0 | — | View 990 |
| 2011 | $497K | $335K | $5.2M | $0 | — | View 990 |
| 2010 | $396K | $172K | $5.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $695K, expenses of $920K, and assets of $9.7M (revenue +52.9% year-over-year).
- 2022: Revenue of $455K, expenses of $1.3M, and assets of $9.9M (revenue -70.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.2M, and assets of $10.5M (revenue +332.9% year-over-year).
- 2020: Revenue of $355K, expenses of $936K, and assets of $10.7M (revenue -63.5% year-over-year).
- 2019: Revenue of $973K, expenses of $878K, and assets of $11.6M (revenue -10.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $682K, and assets of $10.3M (revenue -48.8% year-over-year).
- 2014: Revenue of $2.1M, expenses of $780K, and assets of $10.1M (revenue +79.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $544K, and assets of $10.7M (revenue -77.8% year-over-year).
- 2012: Revenue of $5.3M, expenses of $496K, and assets of $10.1M (revenue +973.6% year-over-year).
- 2011: Revenue of $497K, expenses of $335K, and assets of $5.2M (revenue +25.6% year-over-year).
- 2010: Revenue of $396K, expenses of $172K, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holman Foundation Inc:
Data Sources and Methodology
This transparency report for Holman 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.