Horne Family Charitable Foundation
EIN: 550761702 · Wheeling, WV · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $53K |
| Total Expenses | $39K |
| Net Assets | $85K |
Is Horne Family Charitable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horne Family Charitable Foundation
Horne Family Charitable Foundation (EIN: 550761702) is a nonprofit organization based in Wheeling, WV, classified under NTEE code T30. The organization reported total revenue of $53K and total assets of $75K 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 micro nonprofit that has been operating for 27 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $39K |
| Surplus / Deficit | $-7,639 |
| Total Assets | $85K |
| Total Liabilities | $1 |
| Net Assets | $85K |
| Operating Margin | -24.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 26.3 months |
Financial Health Grade: B
In 2022, Horne Family Charitable Foundation reported a deficit of $8K with expenses exceeding revenue, holds 26.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Horne Family Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -39.5% | -41.4% | -8.9% |
| 2021 | +4.3% | +24.4% | -14.1% |
| 2020 | -5.9% | +18.5% | -4.3% |
| 2019 | +522.4% | -19.6% | -40.4% |
| 2015 | -38.3% | +15.3% | -20.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Horne Family Charitable Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Horne Family Charitable Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Horne Family Charitable Foundation
Is Horne Family Charitable Foundation a legitimate charity?
Horne Family Charitable Foundation (EIN: 550761702) is a registered tax-exempt nonprofit based in West Virginia. It has 9 years of IRS 990 filings on record. Total revenue: $53K. No red flags identified. Financial health grade: B.
How does Horne Family Charitable Foundation spend its money?
Horne Family Charitable Foundation reported $53K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Horne Family Charitable Foundation tax-deductible?
Horne Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 550761702). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Horne Family Charitable Foundation located?
Horne Family Charitable Foundation is headquartered in Wheeling, West Virginia and files with the IRS under EIN 550761702. It is classified under NTEE code T30.
How many years of IRS 990 filings does Horne Family Charitable Foundation have?
Horne Family Charitable Foundation has 9 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 $53K in total revenue.
Filing History
IRS 990 filing history for Horne Family Charitable Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Horne Family Charitable Foundation's revenue has grown by 19.6%, moving from $26K to $31K. Total assets decreased by 74.9% over the same period, from $340K to $85K. Total functional expenses fell by 16.2%, from $47K to $39K. In its most recent filing year (2022), Horne Family Charitable Foundation reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $85K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $85K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $31K | $39K | $85K | $1 | — | View 990 |
| 2021 | $52K | $67K | $94K | $1 | — | — |
| 2020 | $50K | $54K | $109K | $1 | — | View 990 |
| 2019 | $53K | $45K | $114K | $1 | — | View 990 |
| 2015 | $8K | $56K | $191K | $1 | — | View 990 |
| 2014 | $14K | $49K | $239K | $1 | — | View 990 |
| 2013 | $19K | $59K | $274K | $0 | — | View 990 |
| 2012 | $13K | $39K | $314K | $0 | — | View 990 |
| 2011 | $26K | $47K | $340K | $125 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $31K, expenses of $39K, and assets of $85K (revenue -39.5% year-over-year).
- 2021: Revenue of $52K, expenses of $67K, and assets of $94K (revenue +4.3% year-over-year).
- 2020: Revenue of $50K, expenses of $54K, and assets of $109K (revenue -5.9% year-over-year).
- 2019: Revenue of $53K, expenses of $45K, and assets of $114K (revenue +522.4% year-over-year).
- 2015: Revenue of $8K, expenses of $56K, and assets of $191K (revenue -38.3% year-over-year).
- 2014: Revenue of $14K, expenses of $49K, and assets of $239K (revenue -26.1% year-over-year).
- 2013: Revenue of $19K, expenses of $59K, and assets of $274K (revenue +47.8% year-over-year).
- 2012: Revenue of $13K, expenses of $39K, and assets of $314K (revenue -52.0% year-over-year).
- 2011: Revenue of $26K, expenses of $47K, and assets of $340K.
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.