Honey Perkins Family Foundation
Honey Perkins Family Foundation consistently operates with expenses often exceeding revenue, relying on its asset base.
EIN: 208042305 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $369K |
| Total Expenses | $56K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $791,332. |
| Net Assets | $706K |
| Transparency Score | 75/100 |
Is Honey Perkins Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Honey Perkins Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Honey Perkins Family Foundation
Honey Perkins Family Foundation (EIN: 208042305) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $369K and total assets of $791K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Honey Perkins Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Honey Perkins Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $56K |
| Surplus / Deficit | $-3,524 |
| Total Assets | $706K |
| Total Liabilities | $1 |
| Net Assets | $706K |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 151.3 months |
Financial Health Grade: B
In 2023, Honey Perkins Family Foundation reported a deficit of $4K with expenses exceeding revenue, holds 151.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.2% | -12.3% | -0.4% |
| 2022 | -71.0% | +33.9% | -4.6% |
| 2021 | +390.6% | -10.1% | +7.8% |
| 2020 | -58.0% | -9.3% | -4.5% |
| 2019 | -15.2% | +3.1% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Perkins Family Foundation with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Honey Perkins Family Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly commendable for an organization of its size with assets of $791,332.
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 Perkins Family Foundation's IRS 990 filings:
- Consistent operational deficits where expenses frequently exceed revenue (e.g., 2023: $56,016 expenses vs. $52,492 revenue; 2022: $63,878 expenses vs. $29,461 revenue).
- Highly variable and unpredictable revenue streams across reporting periods.
Strengths
The following positive indicators were identified for Honey Perkins Family Foundation:
- Zero officer compensation reported across all filings, indicating strong commitment to mission spending.
- Strong asset base ($791,332) providing financial stability despite operational deficits.
- Consistent and transparent IRS 990 filing history over a long period (10 filings).
Frequently Asked Questions about Honey Perkins Family Foundation
Is Honey Perkins Family Foundation a legitimate charity?
Honey Perkins Family Foundation (EIN: 208042305) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $369K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Honey Perkins Family Foundation spend its money?
Honey Perkins Family Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Honey Perkins Family Foundation tax-deductible?
Honey Perkins Family Foundation is registered as a tax-exempt nonprofit (EIN: 208042305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Honey Perkins Family Foundation CEO make?
Honey Perkins Family Foundation's highest-compensated officer earns $791,332. annually. The organization reported $369K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Honey Perkins Family Foundation's spending goes to programs?
Honey Perkins Family Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Honey Perkins Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Honey Perkins Family Foundation 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 Perkins Family Foundation located?
Honey Perkins Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208042305. It is classified under NTEE code T20.
How many years of IRS 990 filings does Honey Perkins Family Foundation have?
Honey Perkins Family 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 $369K in total revenue.
Is Honey Perkins Family Foundation a good charity?
The foundation exhibits strong financial transparency with consistent filings and zero officer compensation. While it frequently operates with expenses exceeding revenue, its substantial asset base ($791,332) provides stability. Its effectiveness depends on how it utilizes its assets to achieve its mission despite operational deficits.
How does the foundation sustain itself with recurring deficits?
The foundation appears to sustain itself by drawing from its significant asset base, which has grown from $670,338 in 2011 to $791,332 currently, despite several years where expenses outpaced revenue. This suggests investment income or prior contributions are supporting operations.
What is the trend in the foundation's revenue generation?
Revenue generation is highly inconsistent, ranging from a negative revenue of $-10,046 in 2011 to a high of $101,534 in 2021. The latest reported revenue is $52,492, which is lower than its expenses for the same period.
Filing History
IRS 990 filing history for Honey Perkins Family Foundation showing financial trends over 10 years of public records:
Total assets increased by 5.4% over the same period, from $670K to $706K. Total functional expenses rose by 35.2%, from $41K to $56K. In its most recent filing year (2023), Honey Perkins Family Foundation reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $706K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $706K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $56K | $706K | $1 | — | — |
| 2022 | $29K | $64K | $709K | $1 | — | View 990 |
| 2021 | $102K | $48K | $743K | $1 | — | View 990 |
| 2020 | $21K | $53K | $690K | $1 | — | View 990 |
| 2019 | $49K | $59K | $722K | $1 | — | — |
| 2015 | $58K | $57K | $727K | $1 | — | View 990 |
| 2014 | $73K | $59K | $725K | $1 | — | View 990 |
| 2013 | $78K | $50K | $712K | $1 | — | View 990 |
| 2012 | $58K | $45K | $684K | $1 | — | View 990 |
| 2011 | $-10,046 | $41K | $670K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $56K, and assets of $706K (revenue +78.2% year-over-year).
- 2022: Revenue of $29K, expenses of $64K, and assets of $709K (revenue -71.0% year-over-year).
- 2021: Revenue of $102K, expenses of $48K, and assets of $743K (revenue +390.6% year-over-year).
- 2020: Revenue of $21K, expenses of $53K, and assets of $690K (revenue -58.0% year-over-year).
- 2019: Revenue of $49K, expenses of $59K, and assets of $722K (revenue -15.2% year-over-year).
- 2015: Revenue of $58K, expenses of $57K, and assets of $727K (revenue -20.3% year-over-year).
- 2014: Revenue of $73K, expenses of $59K, and assets of $725K (revenue -6.2% year-over-year).
- 2013: Revenue of $78K, expenses of $50K, and assets of $712K (revenue +33.7% year-over-year).
- 2012: Revenue of $58K, expenses of $45K, and assets of $684K.
- 2011: Revenue of $-10,046, expenses of $41K, and assets of $670K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Honey Perkins Family Foundation:
Data Sources and Methodology
This transparency report for Honey Perkins Family 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.