Hot August Nights Foundation
Hot August Nights Foundation consistently directs funds to programs with volunteer leadership and growing assets.
EIN: 205999076 · Sparks, NV · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $452K |
| Total Expenses | $223K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 92/100 |
Is Hot August Nights Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hot August Nights Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hot August Nights Foundation
Hot August Nights Foundation (EIN: 205999076) is a nonprofit organization based in Sparks, NV, classified under NTEE code B82. The organization reported total revenue of $452K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hot August Nights Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hot August Nights Foundation is a small nonprofit that has been operating for 8 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $313K |
| Total Expenses | $223K |
| Surplus / Deficit | +$91K |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | 29.0% |
| Months of Reserves | 54.0 months |
Financial Health Grade: A
In 2023, Hot August Nights Foundation reported a surplus of $91K with revenue exceeding expenses, holds 54.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hot August Nights Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.4% | +6.8% | +8.4% |
| 2022 | -16.0% | +60.3% | +8.4% |
| 2021 | +214.1% | +86.0% | +28.2% |
| 2020 | -53.2% | -62.8% | +2.6% |
| 2019 | +4.0% | -6.9% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 Hot August Nights Foundation with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hot August Nights 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 surplus of $91K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers serve on a volunteer basis, which is highly commendable for an organization of its size with over $1 million in assets.
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.
Strengths
The following positive indicators were identified for Hot August Nights Foundation:
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Consistent growth in assets, reaching over $1 million in 2023.
- High percentage of expenses directed towards program services (e.g., 2023 expenses of $222,548 against revenue of $313,309, with strong program focus).
- Low liabilities reported across most periods, indicating good financial management.
- Positive revenue trend over the last few years, demonstrating increasing support.
Frequently Asked Questions about Hot August Nights Foundation
Is Hot August Nights Foundation a legitimate charity?
Hot August Nights Foundation (EIN: 205999076) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $452K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Hot August Nights Foundation spend its money?
Hot August Nights Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hot August Nights Foundation tax-deductible?
Hot August Nights Foundation is registered as a tax-exempt nonprofit (EIN: 205999076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hot August Nights Foundation CEO make?
Hot August Nights Foundation's highest-compensated officer earns $1 annually. The organization reported $452K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hot August Nights Foundation's spending goes to programs?
Hot August Nights Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hot August Nights Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hot August Nights Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hot August Nights Foundation located?
Hot August Nights Foundation is headquartered in Sparks, Nevada and files with the IRS under EIN 205999076. It is classified under NTEE code B82.
How many years of IRS 990 filings does Hot August Nights Foundation have?
Hot August Nights Foundation has 13 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 $452K in total revenue.
Is Hot August Nights Foundation a good charity?
Based on its financial data, Hot August Nights Foundation appears to be a very good charity. It consistently allocates a high percentage of its expenses to programs, maintains healthy asset levels, and operates with volunteer leadership, demonstrating strong financial stewardship and mission focus.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown a positive upward trend, increasing from $101,109 in 2020 to $313,309 in 2023, indicating growing support and financial capacity.
What is the organization's asset growth like?
The organization has demonstrated strong asset growth, increasing from $665,219 in 2020 to $1,002,039 in 2023, indicating sound financial management and accumulation of resources.
Filing History
IRS 990 filing history for Hot August Nights Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hot August Nights Foundation's revenue has grown by 142%, moving from $129K to $313K. Total assets increased by 68.5% over the same period, from $595K to $1.0M. Total functional expenses rose by 322.9%, from $53K to $223K. In its most recent filing year (2023), Hot August Nights Foundation reported a surplus of $91K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $313K | $223K | $1.0M | $0 | — | View 990 |
| 2022 | $267K | $208K | $925K | $13K | — | — |
| 2021 | $318K | $130K | $853K | $0 | — | View 990 |
| 2020 | $101K | $70K | $665K | $0 | — | — |
| 2019 | $216K | $188K | $648K | $14K | — | View 990 |
| 2018 | $208K | $202K | $614K | $9K | — | View 990 |
| 2017 | $217K | $201K | $607K | $7K | — | View 990 |
| 2016 | $196K | $199K | $585K | $1K | — | — |
| 2015 | $129K | $141K | $587K | $-579 | — | — |
| 2014 | $134K | $157K | $608K | $8K | — | — |
| 2013 | $122K | $114K | $634K | $11K | — | — |
| 2012 | $121K | $94K | $618K | $3K | — | View 990 |
| 2011 | $129K | $53K | $595K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $313K, expenses of $223K, and assets of $1.0M (revenue +17.4% year-over-year).
- 2022: Revenue of $267K, expenses of $208K, and assets of $925K (revenue -16.0% year-over-year).
- 2021: Revenue of $318K, expenses of $130K, and assets of $853K (revenue +214.1% year-over-year).
- 2020: Revenue of $101K, expenses of $70K, and assets of $665K (revenue -53.2% year-over-year).
- 2019: Revenue of $216K, expenses of $188K, and assets of $648K (revenue +4.0% year-over-year).
- 2018: Revenue of $208K, expenses of $202K, and assets of $614K (revenue -4.4% year-over-year).
- 2017: Revenue of $217K, expenses of $201K, and assets of $607K (revenue +11.1% year-over-year).
- 2016: Revenue of $196K, expenses of $199K, and assets of $585K (revenue +51.3% year-over-year).
- 2015: Revenue of $129K, expenses of $141K, and assets of $587K (revenue -3.3% year-over-year).
- 2014: Revenue of $134K, expenses of $157K, and assets of $608K (revenue +9.7% year-over-year).
- 2013: Revenue of $122K, expenses of $114K, and assets of $634K (revenue +0.6% year-over-year).
- 2012: Revenue of $121K, expenses of $94K, and assets of $618K (revenue -6.5% year-over-year).
- 2011: Revenue of $129K, expenses of $53K, and assets of $595K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hot August Nights Foundation:
Data Sources and Methodology
This transparency report for Hot August Nights 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.