Horatio Williams Foundation
Horatio Williams Foundation maintains over $1 million in assets despite recent years of expenses exceeding revenue.
EIN: 204981277 · Detroit, MI · NTEE: N31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $997K |
| Total Expenses | $495K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Horatio Williams Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horatio Williams Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horatio Williams Foundation
Horatio Williams Foundation (EIN: 204981277) is a nonprofit organization based in Detroit, MI, classified under NTEE code N31. The organization reported total revenue of $997K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horatio Williams Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horatio Williams Foundation is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $473K |
| Total Expenses | $495K |
| Surplus / Deficit | $-22,176 |
| Total Assets | $1.2M |
| Total Liabilities | $163K |
| Net Assets | $1.1M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 29.6 months |
Financial Health Grade: B
In 2023, Horatio Williams Foundation reported a deficit of $22K with expenses exceeding revenue, holds 29.6 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Horatio Williams Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | -17.5% | -1.8% |
| 2022 | +22.3% | +28.2% | -13.1% |
| 2021 | -55.8% | +31.7% | +1.4% |
| 2020 | +139.0% | -11.0% | +63.2% |
| 2019 | +19.1% | +25.2% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Horatio Williams Foundation with a Mission Score of 85 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: 80%
- fundraising: 5%
According to IRS 990 filings, Horatio Williams 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 $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a volunteer-led executive team or that compensation is covered by other means, which is highly favorable for resource allocation to programs.
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 Horatio Williams Foundation's IRS 990 filings:
- Inconsistent revenue streams leading to several years where expenses exceeded revenue (e.g., 2023, 2022, 2021)
- Liabilities have increased in recent years, reaching $163,151 in 2023, though still manageable relative to assets.
Strengths
The following positive indicators were identified for Horatio Williams Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
- Strong asset base, consistently over $1 million, providing financial stability.
- Consistent IRS 990 filing history over 12 periods, demonstrating good transparency and compliance.
- Clear alignment with NTEE code N31 (Youth Development Programs), indicating a focused mission.
Frequently Asked Questions about Horatio Williams Foundation
Is Horatio Williams Foundation a legitimate charity?
Horatio Williams Foundation (EIN: 204981277) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $997K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Horatio Williams Foundation spend its money?
Horatio Williams Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Horatio Williams Foundation tax-deductible?
Horatio Williams Foundation is registered as a tax-exempt nonprofit (EIN: 204981277). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Horatio Williams Foundation's spending goes to programs?
Horatio Williams Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horatio Williams Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Horatio Williams Foundation is above average for NTEE category N31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horatio Williams Foundation located?
Horatio Williams Foundation is headquartered in Detroit, Michigan and files with the IRS under EIN 204981277. It is classified under NTEE code N31.
How many years of IRS 990 filings does Horatio Williams Foundation have?
Horatio Williams Foundation has 12 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 $997K in total revenue.
Is the Horatio Williams Foundation financially sustainable given recent revenue shortfalls?
While the foundation has experienced several years where expenses exceeded revenue (e.g., 2023, 2022, 2021), its substantial asset base, consistently over $1 million, provides a buffer. However, sustained deficits could impact long-term sustainability if not addressed by increased revenue or reduced expenses.
What is the impact of 0% officer compensation on the organization's efficiency?
The 0% officer compensation is a significant positive, as it means more of the organization's funds are directly available for program services and operational costs, rather than executive salaries. This enhances spending efficiency and demonstrates a strong commitment to the mission.
How has the organization's revenue trended over the past few years?
Revenue has fluctuated significantly, from a high of $755,723 in 2020 to $333,745 in 2021, and then increasing to $472,590 in 2023. This variability suggests a need for diversified and stable funding sources.
Filing History
IRS 990 filing history for Horatio Williams Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Horatio Williams Foundation's revenue has grown by 194.6%, moving from $160K to $473K. Total assets increased by 88132% over the same period, from $1K to $1.2M. Total functional expenses rose by 215.5%, from $157K to $495K. In its most recent filing year (2023), Horatio Williams Foundation reported a deficit of $22K, with expenses exceeding revenue. The organization holds $163K in liabilities against $1.2M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $473K | $495K | $1.2M | $163K | — | View 990 |
| 2022 | $408K | $600K | $1.2M | $163K | — | View 990 |
| 2021 | $334K | $468K | $1.4M | $158K | — | View 990 |
| 2020 | $756K | $355K | $1.4M | $164K | — | — |
| 2019 | $316K | $399K | $863K | $20K | — | View 990 |
| 2018 | $265K | $319K | $928K | $1K | — | View 990 |
| 2017 | $628K | $499K | $1.1M | $48K | — | View 990 |
| 2016 | $294K | $320K | $984K | $73K | — | View 990 |
| 2014 | $220K | $292K | $1.0M | $53K | — | View 990 |
| 2013 | $311K | $227K | $1.0M | $0 | — | View 990 |
| 2012 | $1.2M | $229K | $959K | $0 | — | View 990 |
| 2011 | $160K | $157K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $473K, expenses of $495K, and assets of $1.2M (revenue +15.8% year-over-year).
- 2022: Revenue of $408K, expenses of $600K, and assets of $1.2M (revenue +22.3% year-over-year).
- 2021: Revenue of $334K, expenses of $468K, and assets of $1.4M (revenue -55.8% year-over-year).
- 2020: Revenue of $756K, expenses of $355K, and assets of $1.4M (revenue +139.0% year-over-year).
- 2019: Revenue of $316K, expenses of $399K, and assets of $863K (revenue +19.1% year-over-year).
- 2018: Revenue of $265K, expenses of $319K, and assets of $928K (revenue -57.7% year-over-year).
- 2017: Revenue of $628K, expenses of $499K, and assets of $1.1M (revenue +113.5% year-over-year).
- 2016: Revenue of $294K, expenses of $320K, and assets of $984K (revenue +33.6% year-over-year).
- 2014: Revenue of $220K, expenses of $292K, and assets of $1.0M (revenue -29.3% year-over-year).
- 2013: Revenue of $311K, expenses of $227K, and assets of $1.0M (revenue -73.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $229K, and assets of $959K (revenue +639.4% year-over-year).
- 2011: Revenue of $160K, expenses of $157K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horatio Williams Foundation:
Data Sources and Methodology
This transparency report for Horatio Williams 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.