Holmes Foundation
Holmes Foundation reports $0 revenue and assets in latest filing, indicating minimal or no current financial activity.
EIN: 202047135 · Des Moines, IA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $7K |
| Program Spending | 100% |
| Net Assets | $929 |
| Transparency Score | 40/100 |
Is Holmes Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holmes Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holmes Foundation
Holmes Foundation (EIN: 202047135) is a nonprofit organization based in Des Moines, IA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holmes Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holmes Foundation is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $7K |
| Surplus / Deficit | $-656 |
| Total Assets | $930 |
| Total Liabilities | $1 |
| Net Assets | $929 |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 1.6 months |
Financial Health Grade: C
In 2015, Holmes Foundation reported a deficit of $656 with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Holmes Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -55.2% | -47.0% | -41.4% |
| 2014 | +18.4% | +14.6% | +170.6% |
| 2013 | +84.2% | +75.1% | +423.2% |
| 2012 | +33.0% | +3.4% | -39.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Holmes Foundation with a Mission Score of 40 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Holmes Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $656, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
No officer compensation was reported in any of the available filings, which is appropriate for an organization of this extremely small scale and suggests a volunteer-led operation.
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 Holmes Foundation's IRS 990 filings:
- Zero revenue and assets in the latest filing, suggesting inactivity.
- Consistently low assets across all periods, indicating limited financial stability or capacity.
Strengths
The following positive indicators were identified for Holmes Foundation:
- No officer compensation reported, indicating a volunteer-driven model and efficient use of limited funds for personnel.
Frequently Asked Questions about Holmes Foundation
Is Holmes Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Holmes Foundation (EIN: 202047135) significant concerns. Mission Score: 40/100. 2 red flags identified, 1 strength noted.
How does Holmes Foundation spend its money?
Holmes Foundation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holmes Foundation tax-deductible?
Holmes Foundation is registered as a tax-exempt nonprofit (EIN: 202047135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Holmes Foundation located?
Holmes Foundation is headquartered in Des Moines, Iowa and files with the IRS under EIN 202047135.
How many years of IRS 990 filings does Holmes Foundation have?
Holmes Foundation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Holmes Foundation currently active?
Based on the latest filing showing $0 in revenue and assets, it appears the Holmes Foundation may no longer be actively operating or is in a dormant state.
What is the primary purpose of Holmes Foundation?
With an 'Unknown' NTEE code and minimal financial activity, the specific programmatic focus of the Holmes Foundation cannot be determined from the provided data.
Filing History
IRS 990 filing history for Holmes Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Holmes Foundation's revenue has grown by 30%, moving from $5K to $7K. Total assets increased by 400% over the same period, from $186 to $930. Total functional expenses rose by 10%, from $7K to $7K. In its most recent filing year (2015), Holmes Foundation reported a deficit of $656, with expenses exceeding revenue. The organization holds $1 in liabilities against $930 in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $929.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $7K | $7K | $930 | $1 | — | View 990 |
| 2014 | $15K | $14K | $2K | $1 | — | View 990 |
| 2013 | $12K | $12K | $586 | $1 | — | View 990 |
| 2012 | $7K | $7K | $112 | $1 | — | View 990 |
| 2011 | $5K | $7K | $186 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $7K, expenses of $7K, and assets of $930 (revenue -55.2% year-over-year).
- 2014: Revenue of $15K, expenses of $14K, and assets of $2K (revenue +18.4% year-over-year).
- 2013: Revenue of $12K, expenses of $12K, and assets of $586 (revenue +84.2% year-over-year).
- 2012: Revenue of $7K, expenses of $7K, and assets of $112 (revenue +33.0% year-over-year).
- 2011: Revenue of $5K, expenses of $7K, and assets of $186.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holmes Foundation:
Data Sources and Methodology
This transparency report for Holmes 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.