Huisking Foundation Inc
Huisking Foundation Inc. maintains substantial assets and reports no officer compensation.
EIN: 136117501 · Raleigh, NC · Updated: 2026-03-28
Is Huisking Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Huisking Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Huisking Foundation Inc
Huisking Foundation Inc (EIN: 136117501) is a nonprofit organization based in Raleigh, NC. The organization reported total revenue of $9.2M and total assets of $32.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Huisking Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Huisking Foundation Inc is a mid-size nonprofit that has been operating for 78 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$4.1M |
| Total Assets | $34.1M |
| Total Liabilities | $23K |
| Net Assets | $34.1M |
| Operating Margin | 69.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 220.9 months |
Financial Health Grade: A
In 2023, Huisking Foundation Inc reported a surplus of $4.1M with revenue exceeding expenses, holds 220.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Huisking Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -102.7% | -11.7% | -6.1% |
| 2021 | +99.2% | +13.8% | +5.5% |
| 2020 | +12.8% | -1.7% | +0.2% |
| 2019 | -15.1% | +3.9% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1948 |
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 Huisking Foundation Inc with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Huisking Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $4.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Huisking Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is covered by other entities, which is a positive indicator for financial stewardship.
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 Huisking Foundation Inc's IRS 990 filings:
- NTEE Code Unknown (limits detailed programmatic analysis)
- Significant revenue volatility (e.g., negative revenue in 2022)
Strengths
The following positive indicators were identified for Huisking Foundation Inc:
- Consistent asset growth (from $28.4M in 2011 to $34.1M in 2023)
- No reported officer compensation across all filings
- Strong financial reserves ($34.1M in assets)
- Low liabilities in most years (e.g., $1 in 2022, 2020, 2019)
Frequently Asked Questions about Huisking Foundation Inc
Is Huisking Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Huisking Foundation Inc (EIN: 136117501) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Huisking Foundation Inc spend its money?
Huisking Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Huisking Foundation Inc tax-deductible?
Huisking Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136117501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Huisking Foundation Inc. a good charity?
Based on the available IRS 990 data, Huisking Foundation Inc. appears to be a well-managed grant-making organization with substantial assets and a consistent record of no reported officer compensation, suggesting strong financial stewardship and a focus on its mission. Its financial stability and transparency regarding executive pay are positive indicators.
How does Huisking Foundation Inc. manage its expenses?
In 2023, Huisking Foundation Inc. reported expenses of $1,853,933 against revenue of $6,000,825. As a grant-making foundation, the majority of its expenses would typically be program-related grants. The consistent low expense ratio relative to its asset base suggests efficient management.
What is the trend in Huisking Foundation Inc.'s assets?
Huisking Foundation Inc. has shown consistent growth in its assets over the past decade, increasing from $28,463,385 in 2011 to $34,120,853 in 2023, demonstrating strong financial health and endowment growth.
Filing History
IRS 990 filing history for Huisking Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Huisking Foundation Inc's revenue has grown by 194.5%, moving from $2.0M to $6.0M. Total assets increased by 19.9% over the same period, from $28.5M to $34.1M. Total functional expenses rose by 14.4%, from $1.6M to $1.9M. In its most recent filing year (2023), Huisking Foundation Inc reported a surplus of $4.1M, with revenue exceeding expenses. The organization holds $23K in liabilities against $34.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $34.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $1.9M | $34.1M | $23K | — | View 990 |
| 2022 | $-100,561 | $1.8M | $30.0M | $1 | — | View 990 |
| 2021 | $3.7M | $2.1M | $31.9M | $15K | — | View 990 |
| 2020 | $1.9M | $1.8M | $30.2M | $1 | — | — |
| 2019 | $1.6M | $1.8M | $30.2M | $1 | — | View 990 |
| 2015 | $1.9M | $1.8M | $29.9M | $1 | — | View 990 |
| 2014 | $2.3M | $1.8M | $29.7M | $1 | — | View 990 |
| 2013 | $2.5M | $1.8M | $29.2M | $1 | — | View 990 |
| 2012 | $1.6M | $1.6M | $28.5M | $0 | — | View 990 |
| 2011 | $2.0M | $1.6M | $28.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $1.9M, and assets of $34.1M.
- 2022: Revenue of $-100,561, expenses of $1.8M, and assets of $30.0M (revenue -102.7% year-over-year).
- 2021: Revenue of $3.7M, expenses of $2.1M, and assets of $31.9M (revenue +99.2% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.8M, and assets of $30.2M (revenue +12.8% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.8M, and assets of $30.2M (revenue -15.1% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.8M, and assets of $29.9M (revenue -15.3% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.8M, and assets of $29.7M (revenue -9.8% year-over-year).
- 2013: Revenue of $2.5M, expenses of $1.8M, and assets of $29.2M (revenue +55.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $28.5M (revenue -19.7% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.6M, and assets of $28.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Huisking Foundation Inc:
Data Sources and Methodology
This transparency report for Huisking 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.