Horeinu Foundation
Horeinu Foundation consistently reports minimal expenses relative to revenue, accumulating assets over time.
EIN: 113380676 · Baltimore, MD · NTEE: J00Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $437K |
| Total Expenses | $465 |
| Program Spending | 80% |
| Net Assets | $309K |
| Transparency Score | 65/100 |
Is Horeinu Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horeinu Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horeinu Foundation
Horeinu Foundation (EIN: 113380676) is a nonprofit organization based in Baltimore, MD, classified under NTEE code J00Z. The organization reported total revenue of $437K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horeinu Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horeinu Foundation is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11K |
| Total Expenses | $465 |
| Surplus / Deficit | +$10K |
| Total Assets | $309K |
| Total Liabilities | $1 |
| Net Assets | $309K |
| Operating Margin | 95.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7969.0 months |
Financial Health Grade: A
In 2023, Horeinu Foundation reported a surplus of $10K with revenue exceeding expenses, holds 7969.0 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), Horeinu Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.1% | +2.6% | +3.5% |
| 2022 | +19.9% | -17.2% | +4.3% |
| 2021 | -25.4% | -96.1% | +3.7% |
| 2020 | -86.1% | -73.9% | -1.0% |
| 2019 | +815.9% | +683.8% | +22.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Horeinu Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Horeinu 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 surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is common for smaller, volunteer-run nonprofits.
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 Horeinu Foundation's IRS 990 filings:
- Consistently low reported expenses relative to revenue, raising questions about program activity and fund utilization.
- Significant discrepancy between latest reported revenue ($437,142) and historical annual revenues, without clear explanation.
- Lack of detailed expense breakdown in available data makes it difficult to assess true spending efficiency.
Strengths
The following positive indicators were identified for Horeinu Foundation:
- Consistent asset growth over time, indicating financial stability.
- Negligible liabilities ($1 across all filings), suggesting strong financial management and no debt.
- No reported officer compensation, indicating a volunteer-driven leadership.
Frequently Asked Questions about Horeinu Foundation
Is Horeinu Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Horeinu Foundation (EIN: 113380676) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Horeinu Foundation spend its money?
Horeinu Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horeinu Foundation tax-deductible?
Horeinu Foundation is registered as a tax-exempt nonprofit (EIN: 113380676). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Horeinu Foundation's spending goes to programs?
Horeinu Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Horeinu Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Horeinu Foundation is above average for NTEE category J00Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Horeinu Foundation located?
Horeinu Foundation is headquartered in Baltimore, Maryland and files with the IRS under EIN 113380676. It is classified under NTEE code J00Z.
How many years of IRS 990 filings does Horeinu Foundation have?
Horeinu 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 $437K in total revenue.
What is the nature of Horeinu Foundation's programs, given its consistently low reported expenses?
The consistently low reported expenses (e.g., $465 in 2023 against $10,694 revenue) suggest that either the organization has extremely low operational costs for its programs, or a significant portion of its revenue is not being immediately expended on program activities, but rather accumulated or used in ways not reflected in typical expense categories.
Why is the latest reported revenue of $437,142 so much higher than historical annual revenues?
The latest revenue figure of $437,142 is an outlier compared to the historical annual revenues, which typically range from $3,877 to $77,287. This significant increase warrants further investigation into its source and how these funds are being utilized or planned for use.
How does Horeinu Foundation manage to operate with such minimal reported expenses?
The organization's ability to operate with expenses as low as $453 in 2022 and $465 in 2023, while maintaining assets, suggests a highly volunteer-driven model or that many operational costs are covered by in-kind donations or other unrecorded means. Without detailed expense breakdowns, it's difficult to ascertain the exact mechanism.
Filing History
IRS 990 filing history for Horeinu Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Horeinu Foundation's revenue has declined by 69%, moving from $35K to $11K. Total assets increased by 54.4% over the same period, from $200K to $309K. Total functional expenses fell by 98.6%, from $34K to $465. In its most recent filing year (2023), Horeinu Foundation reported a surplus of $10K, with revenue exceeding expenses. The organization holds $1 in liabilities against $309K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $309K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $465 | $309K | $1 | — | View 990 |
| 2022 | $10K | $453 | $298K | $1 | — | View 990 |
| 2021 | $8K | $547 | $286K | $1 | — | — |
| 2020 | $11K | $14K | $276K | $1 | — | — |
| 2019 | $77K | $54K | $279K | $1 | — | View 990 |
| 2015 | $8K | $7K | $227K | $1 | — | View 990 |
| 2014 | $6K | $8K | $225K | $1 | — | View 990 |
| 2013 | $4K | $4K | $227K | $1 | — | View 990 |
| 2012 | $30K | $3K | $227K | $1 | — | View 990 |
| 2011 | $35K | $34K | $200K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $465, and assets of $309K (revenue +11.1% year-over-year).
- 2022: Revenue of $10K, expenses of $453, and assets of $298K (revenue +19.9% year-over-year).
- 2021: Revenue of $8K, expenses of $547, and assets of $286K (revenue -25.4% year-over-year).
- 2020: Revenue of $11K, expenses of $14K, and assets of $276K (revenue -86.1% year-over-year).
- 2019: Revenue of $77K, expenses of $54K, and assets of $279K (revenue +815.9% year-over-year).
- 2015: Revenue of $8K, expenses of $7K, and assets of $227K (revenue +47.3% year-over-year).
- 2014: Revenue of $6K, expenses of $8K, and assets of $225K (revenue +47.8% year-over-year).
- 2013: Revenue of $4K, expenses of $4K, and assets of $227K (revenue -87.2% year-over-year).
- 2012: Revenue of $30K, expenses of $3K, and assets of $227K (revenue -12.0% year-over-year).
- 2011: Revenue of $35K, expenses of $34K, and assets of $200K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horeinu Foundation:
Data Sources and Methodology
This transparency report for Horeinu 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.