Howard Hoffman And Sons Foundation Inc
Howard Hoffman And Sons Foundation Inc faces significant financial instability with recurring deficits and negative assets in recent years.
EIN: 200089283 · North Bergen, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $407K |
| Total Expenses | $527K |
| Program Spending | 80% |
| Net Assets | $-36,945 |
| Transparency Score | 45/100 |
Search Intent Cockpit
Howard Hoffman And Sons Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Howard Hoffman And Sons Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Howard Hoffman And Sons Foundation Inc in one place.
Form 990 Filing Summary
9 filing years are available, with latest revenue of $187K and expenses of $527K.
Revenue and Expenses
Howard Hoffman And Sons Foundation Inc reported $187K in revenue and $527K in expenses, a deficit of $340K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
45/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Howard Hoffman And Sons Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $422K (80%) |
Across stored filings, Howard Hoffman And Sons Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade D | 9 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Philanthropy context |
Trust Check
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Howard Hoffman And Sons Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Howard Hoffman And Sons Foundation Inc
Howard Hoffman And Sons Foundation Inc (EIN: 200089283) is a nonprofit organization based in North Bergen, NJ, classified under NTEE code T22. The organization reported total revenue of $407K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Howard Hoffman And Sons Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Howard Hoffman And Sons Foundation Inc is a small nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $527K |
| Surplus / Deficit | $-339,802 |
| Total Assets | $-36,944 |
| Total Liabilities | $1 |
| Net Assets | $-36,945 |
| Operating Margin | -181.4% |
| Months of Reserves | -0.8 months |
Financial Health Grade: D
In 2023, Howard Hoffman And Sons Foundation Inc reported a deficit of $340K with expenses exceeding revenue, holds -0.8 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2011–2023), Howard Hoffman And Sons Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.7% | -39.6% | -112.2% |
| 2022 | -92.8% | +14.8% | -71.1% |
| 2021 | +234.6% | +54.5% | +2441.1% |
| 2020 | +71.4% | +23.4% | +718.1% |
| 2019 | +87.8% | +107.6% | +43.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Howard Hoffman And Sons Foundation Inc with a Mission Score of 45 out of 100 (Fair). 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, Howard Hoffman And Sons Foundation Inc 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 $340K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Howard Hoffman And Sons Foundation Inc's IRS 990 filings:
- Negative assets reported in 2023 ($-36,944), indicating severe financial distress.
- Consistent and significant operating deficits in recent years (e.g., 2023: $187,300 revenue vs. $527,102 expenses; 2022: $127,701 revenue vs. $872,607 expenses).
- Highly volatile revenue streams, making financial planning and sustainability challenging.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Howard Hoffman And Sons Foundation Inc:
- Consistently reports 0% officer compensation, indicating no executive salaries are paid.
- Demonstrated ability to generate substantial revenue in some years (e.g., $1,766,499 in 2021).
Frequently Asked Questions about Howard Hoffman And Sons Foundation Inc
Is Howard Hoffman And Sons Foundation Inc a legitimate charity?
Howard Hoffman And Sons Foundation Inc (EIN: 200089283) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 45/100. It has 9 years of IRS 990 filings on record. Total revenue: $407K. 4 red flags identified. 2 strengths noted. Financial health grade: D.
How does Howard Hoffman And Sons Foundation Inc spend its money?
Howard Hoffman And Sons Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Howard Hoffman And Sons Foundation Inc tax-deductible?
Howard Hoffman And Sons Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200089283). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Howard Hoffman And Sons Foundation Inc's spending goes to programs?
Howard Hoffman And Sons Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Howard Hoffman And Sons Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Howard Hoffman And Sons Foundation Inc is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Howard Hoffman And Sons Foundation Inc located?
Howard Hoffman And Sons Foundation Inc is headquartered in North Bergen, New Jersey and files with the IRS under EIN 200089283. It is classified under NTEE code T22.
How many years of IRS 990 filings does Howard Hoffman And Sons Foundation Inc have?
Howard Hoffman And Sons Foundation Inc 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 $407K in total revenue.
Why did the organization's assets become negative in 2023?
In 2023, the organization reported assets of $-36,944, a significant decline from $302,858 in 2022. This is primarily due to expenses ($527,102) far exceeding revenue ($187,300) in that period, depleting any reserves.
What caused the large fluctuations in revenue between 2021 and 2023?
Revenue peaked at $1,766,499 in 2021, then dropped sharply to $127,701 in 2022 and $187,300 in 2023. The provided data does not specify the source of these revenues, making it difficult to pinpoint the exact cause of such volatility.
How does the organization cover its expenses when revenue is consistently lower?
In periods like 2023 and 2022, where expenses significantly outstripped revenue, the organization appears to be drawing down on prior year assets or incurring liabilities, as evidenced by the negative asset balance in 2023.
Filing History
IRS 990 filing history for Howard Hoffman And Sons Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Howard Hoffman And Sons Foundation Inc's revenue has grown by 98.4%, moving from $94K to $187K. Total assets decreased by 5092.4% over the same period, from $740 to $-36,944. Total functional expenses rose by 171.2%, from $194K to $527K. In its most recent filing year (2023), Howard Hoffman And Sons Foundation Inc reported a deficit of $340K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $187K | $527K | $-36,944 | $1 | — | View 990 |
| 2022 | $128K | $873K | $303K | $1 | — | View 990 |
| 2021 | $1.8M | $760K | $1.0M | $1 | — | View 990 |
| 2020 | $528K | $492K | $41K | $1 | — | View 990 |
| 2019 | $308K | $398K | $5K | $1 | — | — |
| 2015 | $164K | $192K | $4K | $1 | — | View 990 |
| 2014 | $320K | $293K | $31K | $1 | — | View 990 |
| 2012 | $286K | $281K | $6K | $0 | — | View 990 |
| 2011 | $94K | $194K | $740 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $187K, expenses of $527K, and assets of $-36,944 (revenue +46.7% year-over-year).
- 2022: Revenue of $128K, expenses of $873K, and assets of $303K (revenue -92.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $760K, and assets of $1.0M (revenue +234.6% year-over-year).
- 2020: Revenue of $528K, expenses of $492K, and assets of $41K (revenue +71.4% year-over-year).
- 2019: Revenue of $308K, expenses of $398K, and assets of $5K (revenue +87.8% year-over-year).
- 2015: Revenue of $164K, expenses of $192K, and assets of $4K (revenue -48.8% year-over-year).
- 2014: Revenue of $320K, expenses of $293K, and assets of $31K (revenue +11.8% year-over-year).
- 2012: Revenue of $286K, expenses of $281K, and assets of $6K (revenue +203.4% year-over-year).
- 2011: Revenue of $94K, expenses of $194K, and assets of $740.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Howard Hoffman And Sons Foundation Inc:
Data Sources and Methodology
This transparency report for Howard Hoffman And Sons Foundation Inc 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.