Huntington Foundation Inc
Huntington Foundation Inc maintains strong assets and minimal liabilities despite fluctuating revenues and recent operating deficits.
EIN: 205478746 · Wake Forest, NC · NTEE: T20 · Updated: 2026-03-28
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Huntington Foundation Inc is mapped to EIN 205478746.
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85% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $327K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.9M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Huntington Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Huntington 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 Huntington Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $111K and expenses of $327K.
Revenue and Expenses
Huntington Foundation Inc reported $111K in revenue and $327K in expenses, a deficit of $216K.
Executive Compensation
Top officer compensation appears as $5 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Huntington Foundation Inc Legit?
Some 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 | $278K (85%) |
Across stored filings, Huntington Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Philanthropy context |
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Huntington Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Huntington Foundation Inc
Huntington Foundation Inc (EIN: 205478746) is a nonprofit organization based in Wake Forest, NC, classified under NTEE code T20. The organization reported total revenue of $3.4M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Huntington Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Huntington Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $327K |
| Surplus / Deficit | $-216,310 |
| Total Assets | $4.9M |
| Total Liabilities | $1 |
| Net Assets | $4.9M |
| Operating Margin | -195.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.6 months |
Financial Health Grade: B
In 2023, Huntington Foundation Inc reported a deficit of $216K with expenses exceeding revenue, holds 180.6 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 Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.7% | +56.6% | -4.2% |
| 2022 | +81.2% | -5.2% | +4.3% |
| 2021 | +107.0% | +20.2% | +0.2% |
| 2020 | -35.7% | -20.1% | -1.7% |
| 2019 | -82.1% | -3.7% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Foundation Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Huntington Foundation Inc 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 deficit of $216K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for an organization with assets nearing $5 million.
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 Foundation Inc's IRS 990 filings:
- Significant operating deficit in the latest filing (202312: Expenses $326,856 vs. Revenue $110,546)
- Highly volatile revenue streams over the past decade, making future income less predictable.
Strengths
The following positive indicators were identified for Huntington Foundation Inc:
- Strong and consistent asset base, averaging around $4.9 million in recent years.
- Extremely low liabilities, often reported as $1, indicating excellent financial health and minimal debt.
- 0% reported officer compensation across all filings, suggesting highly efficient executive management.
- Consistent filing history (10 filings) demonstrates transparency and compliance.
Frequently Asked Questions about Huntington Foundation Inc
Is Huntington Foundation Inc a legitimate charity?
Huntington Foundation Inc (EIN: 205478746) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Huntington Foundation Inc spend its money?
Huntington Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Huntington Foundation Inc tax-deductible?
Huntington Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205478746). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Huntington Foundation Inc CEO make?
Huntington Foundation Inc's highest-compensated officer earns $5 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Huntington Foundation Inc's spending goes to programs?
Huntington Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Huntington Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Huntington Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Huntington Foundation Inc located?
Huntington Foundation Inc is headquartered in Wake Forest, North Carolina and files with the IRS under EIN 205478746. It is classified under NTEE code T20.
How many years of IRS 990 filings does Huntington Foundation Inc have?
Huntington Foundation Inc 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 $3.4M in total revenue.
Is Huntington Foundation Inc financially stable?
Yes, despite fluctuating revenues and an operating deficit in 2023 ($110,546 revenue vs. $326,856 expenses), the organization maintains a strong asset base of approximately $4.9 million and consistently reports minimal liabilities, indicating robust financial stability.
How does Huntington Foundation Inc manage its executive costs?
The organization reports 0% officer compensation across all available filings, suggesting a volunteer-led executive structure or that executive functions are performed without direct compensation, which is a highly efficient model.
What is the trend in Huntington Foundation Inc's revenue?
Revenue has been highly variable, with peaks in 2014 ($1,269,432) and 2015 ($972,977), but has been significantly lower in recent years, such as $110,546 in 2023 and $232,366 in 2021.
Does Huntington Foundation Inc have significant debt?
No, the organization consistently reports extremely low liabilities, often as low as $1, indicating a very healthy balance sheet with virtually no debt.
Filing History
IRS 990 filing history for Huntington Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Huntington Foundation Inc's revenue has grown by 696%, moving from $14K to $111K. Total assets increased by 213.1% over the same period, from $1.6M to $4.9M. Total functional expenses rose by 88.6%, from $173K to $327K. In its most recent filing year (2023), Huntington Foundation Inc reported a deficit of $216K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $327K | $4.9M | $1 | — | View 990 |
| 2022 | $421K | $209K | $5.1M | $1 | — | View 990 |
| 2021 | $232K | $220K | $4.9M | $1 | — | View 990 |
| 2020 | $112K | $183K | $4.9M | $1 | — | View 990 |
| 2019 | $175K | $229K | $5.0M | $12K | — | View 990 |
| 2015 | $973K | $238K | $5.1M | $1 | — | View 990 |
| 2014 | $1.3M | $159K | $4.4M | $1 | — | View 990 |
| 2013 | $1.1M | $321K | $3.3M | $1 | — | View 990 |
| 2012 | $1.1M | $121K | $2.5M | $1K | — | View 990 |
| 2011 | $14K | $173K | $1.6M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $327K, and assets of $4.9M (revenue -73.7% year-over-year).
- 2022: Revenue of $421K, expenses of $209K, and assets of $5.1M (revenue +81.2% year-over-year).
- 2021: Revenue of $232K, expenses of $220K, and assets of $4.9M (revenue +107.0% year-over-year).
- 2020: Revenue of $112K, expenses of $183K, and assets of $4.9M (revenue -35.7% year-over-year).
- 2019: Revenue of $175K, expenses of $229K, and assets of $5.0M (revenue -82.1% year-over-year).
- 2015: Revenue of $973K, expenses of $238K, and assets of $5.1M (revenue -23.4% year-over-year).
- 2014: Revenue of $1.3M, expenses of $159K, and assets of $4.4M (revenue +13.2% year-over-year).
- 2013: Revenue of $1.1M, expenses of $321K, and assets of $3.3M (revenue +6.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $121K, and assets of $2.5M (revenue +7479.8% year-over-year).
- 2011: Revenue of $14K, expenses of $173K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Huntington Foundation Inc:
Data Sources and Methodology
This transparency report for Huntington 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.