Honey Hollow Foundation Inc
Honey Hollow Foundation experiences significant revenue volatility while maintaining substantial assets and reporting no officer compensation.
EIN: 201266294 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $942K |
| Total Expenses | $315K |
| Program Spending | 70% |
| Net Assets | $5.1M |
| Transparency Score | 65/100 |
Is Honey Hollow Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Honey Hollow Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Honey Hollow Foundation Inc
Honey Hollow Foundation Inc (EIN: 201266294) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $942K and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Honey Hollow Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Honey Hollow Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $315K |
| Surplus / Deficit | $-305,055 |
| Total Assets | $5.1M |
| Total Liabilities | $1 |
| Net Assets | $5.1M |
| Operating Margin | -3181.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 194.3 months |
Financial Health Grade: B
In 2023, Honey Hollow Foundation Inc reported a deficit of $305K with expenses exceeding revenue, holds 194.3 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), Honey Hollow Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -98.8% | +8.3% | -5.6% |
| 2022 | -78.9% | +157.3% | +10.7% |
| 2021 | +7417.6% | +40.1% | +323.1% |
| 2020 | -37.4% | -10.7% | -2.5% |
| 2019 | -39.6% | +33.8% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Honey Hollow Foundation Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Honey Hollow Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% 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 $305K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that no salaries are paid to its officers, which is a strong positive for resource allocation directly to its mission.
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 Honey Hollow Foundation Inc's IRS 990 filings:
- Extreme revenue volatility, with 2023 revenue ($9,588) being significantly lower than expenses ($314,643).
- Consistent reporting of $1 in liabilities across all filings, which is an unusual financial reporting anomaly.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Honey Hollow Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds by not paying executive salaries.
- Significant growth in assets from $913,659 in 2011 to over $5 million in recent years, demonstrating strong financial stewardship and asset accumulation.
- Long filing history (10 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Honey Hollow Foundation Inc
Is Honey Hollow Foundation Inc a legitimate charity?
Honey Hollow Foundation Inc (EIN: 201266294) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $942K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Honey Hollow Foundation Inc spend its money?
Honey Hollow Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Honey Hollow Foundation Inc tax-deductible?
Honey Hollow Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201266294). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Honey Hollow Foundation Inc's spending goes to programs?
Honey Hollow Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Honey Hollow Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Honey Hollow Foundation Inc 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 Honey Hollow Foundation Inc located?
Honey Hollow Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 201266294. It is classified under NTEE code T20.
How many years of IRS 990 filings does Honey Hollow Foundation Inc have?
Honey Hollow Foundation Inc 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 $942K in total revenue.
How does Honey Hollow Foundation Inc. sustain its operations with such volatile revenue, especially in years like 2023 where expenses ($314,643) far exceeded revenue ($9,588)?
The organization likely relies on its substantial asset base ($5,095,707 in 2023) to cover operational expenses during periods of low revenue, possibly drawing from investment income or prior year surpluses. This suggests a foundation model rather than a service-delivery model reliant on annual public support.
What is the nature of the 'Liabilities=$1' reported consistently across all filings?
The consistent reporting of $1 in liabilities is highly unusual and suggests either a simplified accounting practice, a specific legal structure where liabilities are minimal or handled off-balance sheet, or potentially an error in summary reporting. It warrants further investigation into the detailed financial statements to understand the true liability structure.
Given the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), what are the primary program activities of Honey Hollow Foundation Inc.?
As a grantmaking foundation, its primary program activities would typically involve making grants to other organizations or individuals to support charitable causes aligned with its mission. The provided data does not detail specific grant recipients or program areas, but its NTEE code strongly indicates this function.
Filing History
IRS 990 filing history for Honey Hollow Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Honey Hollow Foundation Inc's revenue has declined by 85.8%, moving from $67K to $10K. Total assets increased by 457.7% over the same period, from $914K to $5.1M. Total functional expenses rose by 515%, from $51K to $315K. In its most recent filing year (2023), Honey Hollow Foundation Inc reported a deficit of $305K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $315K | $5.1M | $1 | — | View 990 |
| 2022 | $811K | $290K | $5.4M | $1 | — | — |
| 2021 | $3.8M | $113K | $4.9M | $1 | — | View 990 |
| 2020 | $51K | $81K | $1.2M | $1 | — | — |
| 2019 | $82K | $90K | $1.2M | $1 | — | View 990 |
| 2015 | $135K | $67K | $1.1M | $1 | — | View 990 |
| 2014 | $140K | $65K | $1.0M | $1 | — | View 990 |
| 2013 | $115K | $58K | $948K | $1 | — | View 990 |
| 2012 | $31K | $55K | $890K | $1 | — | View 990 |
| 2011 | $67K | $51K | $914K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $315K, and assets of $5.1M (revenue -98.8% year-over-year).
- 2022: Revenue of $811K, expenses of $290K, and assets of $5.4M (revenue -78.9% year-over-year).
- 2021: Revenue of $3.8M, expenses of $113K, and assets of $4.9M (revenue +7417.6% year-over-year).
- 2020: Revenue of $51K, expenses of $81K, and assets of $1.2M (revenue -37.4% year-over-year).
- 2019: Revenue of $82K, expenses of $90K, and assets of $1.2M (revenue -39.6% year-over-year).
- 2015: Revenue of $135K, expenses of $67K, and assets of $1.1M (revenue -3.7% year-over-year).
- 2014: Revenue of $140K, expenses of $65K, and assets of $1.0M (revenue +21.7% year-over-year).
- 2013: Revenue of $115K, expenses of $58K, and assets of $948K (revenue +269.3% year-over-year).
- 2012: Revenue of $31K, expenses of $55K, and assets of $890K (revenue -53.7% year-over-year).
- 2011: Revenue of $67K, expenses of $51K, and assets of $914K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Honey Hollow Foundation Inc:
Data Sources and Methodology
This transparency report for Honey Hollow 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.