Horne Family Charitable Foundation
Horne Family Charitable Foundation consistently reports zero officer compensation while drawing down assets to fund operations.
EIN: 202017251 · Birmingham, AL · NTEE: T20 · Updated: 2026-03-28
Is Horne Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horne Family Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horne Family Charitable Foundation
Horne Family Charitable Foundation (EIN: 202017251) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T20. The organization reported total revenue of $246K and total assets of $261K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horne Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horne Family Charitable Foundation is a small nonprofit that has been operating for 19 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $114K |
| Total Expenses | $180K |
| Surplus / Deficit | $-66,118 |
| Total Assets | $261K |
| Total Liabilities | $1 |
| Net Assets | $261K |
| Operating Margin | -58.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 17.4 months |
Financial Health Grade: B
In 2020, Horne Family Charitable Foundation reported a deficit of $66K with expenses exceeding revenue, holds 17.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Horne Family Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -2.6% | +60.4% | -20.2% |
| 2019 | +379.1% | +9.8% | -28.9% |
| 2015 | -7.0% | +3.8% | -14.4% |
| 2014 | +26.5% | +6.9% | -11.8% |
| 2013 | -69.6% | +5.7% | -10.5% |
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 Horne Family Charitable 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Horne Family Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, 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 salaries are paid to officers, which is highly efficient for an organization of this size.
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 Horne Family Charitable Foundation's IRS 990 filings:
- Consistent decline in total assets over the past decade, from $701,199 in 2011 to $261,460 in 2020, suggesting reliance on principal for operations.
Strengths
The following positive indicators were identified for Horne Family Charitable Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Minimal liabilities, consistently reported at $1 or $0, demonstrating strong financial management.
- Consistent filing of IRS Form 990s, indicating good transparency.
Frequently Asked Questions about Horne Family Charitable Foundation
Is Horne Family Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Horne Family Charitable Foundation (EIN: 202017251) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Horne Family Charitable Foundation spend its money?
Horne Family Charitable Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horne Family Charitable Foundation tax-deductible?
Horne Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 202017251). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Horne Family Charitable Foundation a good charity?
Based on the available data, the Horne Family Charitable Foundation appears to be a well-managed grantmaking organization with a strong commitment to its mission, evidenced by zero officer compensation and minimal liabilities. Its consistent grantmaking, even when expenses exceed revenue, suggests a dedication to its purpose, though it is drawing down its asset base.
How does the foundation fund its operations given fluctuating revenue?
The foundation appears to fund its operations by utilizing its asset base, as evidenced by expenses often exceeding revenue (e.g., $179,993 expenses vs. $113,875 revenue in 2020) and a decline in total assets from $701,199 in 2011 to $261,460 in 2020.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent downward trend over the past decade, decreasing from $701,199 in 2011 to $261,460 in 2020.
Filing History
IRS 990 filing history for Horne Family Charitable Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Horne Family Charitable Foundation's revenue has grown by 81%, moving from $63K to $114K. Total assets decreased by 62.7% over the same period, from $701K to $261K. Total functional expenses rose by 92.1%, from $94K to $180K. In its most recent filing year (2020), Horne Family Charitable Foundation reported a deficit of $66K, with expenses exceeding revenue. The organization holds $1 in liabilities against $261K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $261K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $114K | $180K | $261K | $1 | — | View 990 |
| 2019 | $117K | $112K | $328K | $1 | — | View 990 |
| 2015 | $24K | $102K | $461K | $1 | — | View 990 |
| 2014 | $26K | $98K | $539K | $1 | — | View 990 |
| 2013 | $21K | $92K | $611K | $1 | — | View 990 |
| 2012 | $68K | $87K | $682K | $0 | — | View 990 |
| 2011 | $63K | $94K | $701K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $114K, expenses of $180K, and assets of $261K (revenue -2.6% year-over-year).
- 2019: Revenue of $117K, expenses of $112K, and assets of $328K (revenue +379.1% year-over-year).
- 2015: Revenue of $24K, expenses of $102K, and assets of $461K (revenue -7.0% year-over-year).
- 2014: Revenue of $26K, expenses of $98K, and assets of $539K (revenue +26.5% year-over-year).
- 2013: Revenue of $21K, expenses of $92K, and assets of $611K (revenue -69.6% year-over-year).
- 2012: Revenue of $68K, expenses of $87K, and assets of $682K (revenue +8.5% year-over-year).
- 2011: Revenue of $63K, expenses of $94K, and assets of $701K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horne Family Charitable Foundation:
Data Sources and Methodology
This transparency report for Horne Family Charitable 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.