Huntington Charitable Foundationinc
Huntington Charitable Foundationinc shows rapid asset growth and no reported officer compensation.
EIN: 205025483 · Cincinnati, OH · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $542K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $58 |
| Net Assets | $8.5M |
| Transparency Score | 85/100 |
Is Huntington Charitable Foundationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Huntington Charitable Foundationinc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Huntington Charitable Foundationinc
Huntington Charitable Foundationinc (EIN: 205025483) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code P12. The organization reported total revenue of $2.1M and total assets of $58.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Huntington Charitable Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Huntington Charitable Foundationinc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 227.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $542K |
| Surplus / Deficit | +$967K |
| Total Assets | $8.5M |
| Total Liabilities | $1 |
| Net Assets | $8.5M |
| Operating Margin | 64.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 187.5 months |
Financial Health Grade: A
In 2023, Huntington Charitable Foundationinc reported a surplus of $967K with revenue exceeding expenses, holds 187.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Huntington Charitable Foundationinc's revenue has grown at a compound annual growth rate (CAGR) of 227.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.9% | -7.6% | +26.0% |
| 2022 | +19.7% | +124.6% | +115.9% |
| 2021 | +637.8% | +100.1% | +311229500.0% |
| 2020 | +13049900.0% | — | +0.0% |
| 2019 | +0.0% | — | +0.0% |
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 Huntington Charitable Foundationinc 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: 90%
- fundraising: 5%
According to IRS 990 filings, Huntington Charitable Foundationinc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $967K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer board or that compensation is managed by an affiliated entity, which is highly efficient for an organization of its size with over $58 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.
Red Flags
The following concerns were identified during AI analysis of Huntington Charitable Foundationinc's IRS 990 filings:
- Consistent reporting of $1 in liabilities across all filings, which is unusual for an organization with significant assets.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting granular spending efficiency analysis.
Strengths
The following positive indicators were identified for Huntington Charitable Foundationinc:
- Strong financial health with substantial and rapidly growing assets ($58,516,182).
- No reported officer compensation, indicating high efficiency in leadership costs.
- Significant revenue generation, with recent annual revenue of $2,083,986.
- Expenses consistently well below revenue in recent years, suggesting effective financial management and retention of funds for mission or investment.
Frequently Asked Questions about Huntington Charitable Foundationinc
Is Huntington Charitable Foundationinc a legitimate charity?
Huntington Charitable Foundationinc (EIN: 205025483) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Huntington Charitable Foundationinc spend its money?
Huntington Charitable Foundationinc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Huntington Charitable Foundationinc tax-deductible?
Huntington Charitable Foundationinc is registered as a tax-exempt nonprofit (EIN: 205025483). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Huntington Charitable Foundationinc CEO make?
Huntington Charitable Foundationinc's highest-compensated officer earns $58 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Huntington Charitable Foundationinc's spending goes to programs?
Huntington Charitable Foundationinc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Huntington Charitable Foundationinc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Huntington Charitable Foundationinc is above average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Huntington Charitable Foundationinc located?
Huntington Charitable Foundationinc is headquartered in Cincinnati, Ohio and files with the IRS under EIN 205025483. It is classified under NTEE code P12.
How many years of IRS 990 filings does Huntington Charitable Foundationinc have?
Huntington Charitable Foundationinc has 10 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 $2.1M in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency in these areas.
How does Huntington Charitable Foundationinc manage its significant asset growth?
The organization has seen remarkable asset growth, from $1 in 2020 to $58,516,182 currently. This suggests effective investment strategies or significant contributions, but the specific management approach is not detailed in the provided data.
Why are liabilities consistently reported as $1 across all filings?
The consistent reporting of $1 in liabilities is unusual for an organization of this scale and could indicate a specific accounting practice or organizational structure that warrants further examination.
What are the primary programs or initiatives funded by the foundation?
The NTEE code P12 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations - Public Foundations', but specific programs or initiatives are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Huntington Charitable Foundationinc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Huntington Charitable Foundationinc's revenue has grown by 150934400%, moving from $1 to $1.5M. Total assets increased by 846867600% over the same period, from $1 to $8.5M. In its most recent filing year (2023), Huntington Charitable Foundationinc reported a surplus of $967K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $542K | $8.5M | $1 | — | View 990 |
| 2022 | $1.2M | $586K | $6.7M | $1 | — | View 990 |
| 2021 | $963K | $261K | $3.1M | $1 | — | — |
| 2020 | $131K | $131K | $1 | $1 | — | — |
| 2019 | $1 | $0 | $1 | $1 | — | View 990 |
| 2015 | $1 | $0 | $1 | $1 | — | View 990 |
| 2014 | $1 | $0 | $1 | $1 | — | View 990 |
| 2013 | $1 | $0 | $1 | $1 | — | View 990 |
| 2012 | $1 | $0 | $1 | $1 | — | View 990 |
| 2011 | $1 | $0 | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $542K, and assets of $8.5M (revenue +30.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $586K, and assets of $6.7M (revenue +19.7% year-over-year).
- 2021: Revenue of $963K, expenses of $261K, and assets of $3.1M (revenue +637.8% year-over-year).
- 2020: Revenue of $131K, expenses of $131K, and assets of $1 (revenue +13049900.0% year-over-year).
- 2019: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Huntington Charitable Foundationinc:
Data Sources and Methodology
This transparency report for Huntington Charitable Foundationinc 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.