Hurlbert Family Foundation
Hurlbert Family Foundation's assets have halved over a decade due to consistent spending exceeding revenue.
EIN: 200134216 · Alpharetta, GA · NTEE: T22 · Updated: 2026-03-28
Is Hurlbert Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hurlbert Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hurlbert Family Foundation
Hurlbert Family Foundation (EIN: 200134216) is a nonprofit organization based in Alpharetta, GA, classified under NTEE code T22. The organization reported total revenue of $232K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hurlbert Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hurlbert Family Foundation is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $188K |
| Surplus / Deficit | $-108,582 |
| Total Assets | $975K |
| Total Liabilities | $1 |
| Net Assets | $975K |
| Operating Margin | -137.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 62.3 months |
Financial Health Grade: B
In 2023, Hurlbert Family Foundation reported a deficit of $109K with expenses exceeding revenue, holds 62.3 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), Hurlbert Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.6% | +4.7% | -10.1% |
| 2022 | +23.1% | -7.0% | -9.5% |
| 2021 | -9.5% | +26.3% | -11.4% |
| 2020 | -13.6% | -1.3% | -6.2% |
| 2019 | +39.3% | +9.0% | -15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Hurlbert Family Foundation with a Mission Score of 60 out of 100 (Good). 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: 85%
- fundraising: 0%
According to IRS 990 filings, Hurlbert Family Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is a positive sign for minimizing overhead.
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 Hurlbert Family Foundation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years.
- Significant decline in total assets over the past decade (from $2,099,043 in 2011 to $974,890 in 2023).
- Revenue has not kept pace with expenses, indicating potential long-term financial instability.
Strengths
The following positive indicators were identified for Hurlbert Family Foundation:
- Zero officer compensation reported, indicating efficient use of funds in leadership.
- Minimal liabilities reported across all filings, suggesting good debt management.
- Consistent filing of IRS 990s demonstrates transparency.
Frequently Asked Questions about Hurlbert Family Foundation
Is Hurlbert Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hurlbert Family Foundation (EIN: 200134216) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Hurlbert Family Foundation spend its money?
Hurlbert Family Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hurlbert Family Foundation tax-deductible?
Hurlbert Family Foundation is registered as a tax-exempt nonprofit (EIN: 200134216). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Hurlbert Family Foundation financially sustainable in the long term?
Based on the consistent trend of expenses exceeding revenue and the declining asset base (from $2,099,043 in 2011 to $974,890 in 2023), the foundation's current operational model does not appear sustainable in the long term without a significant increase in revenue or reduction in expenses.
What is the primary reason for the decline in assets?
The primary reason for the decline in assets is that the foundation's annual expenses have consistently outpaced its revenue. For example, in 2023, expenses were $187,665 while revenue was only $79,083, leading to a deficit that is covered by drawing down assets.
Does the foundation pay its officers?
According to the IRS 990 filings, officer compensation has been reported as 0% for all available periods, suggesting that the foundation does not pay its officers directly through this category.
Filing History
IRS 990 filing history for Hurlbert Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hurlbert Family Foundation's revenue has grown by 43.6%, moving from $55K to $79K. Total assets decreased by 53.6% over the same period, from $2.1M to $975K. Total functional expenses rose by 36%, from $138K to $188K. In its most recent filing year (2023), Hurlbert Family Foundation reported a deficit of $109K, with expenses exceeding revenue. The organization holds $1 in liabilities against $975K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $975K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79K | $188K | $975K | $1 | — | View 990 |
| 2022 | $65K | $179K | $1.1M | $1 | — | View 990 |
| 2021 | $52K | $193K | $1.2M | $1 | — | — |
| 2020 | $58K | $153K | $1.4M | $1 | — | — |
| 2019 | $67K | $155K | $1.4M | $0 | — | View 990 |
| 2015 | $48K | $142K | $1.7M | $0 | — | View 990 |
| 2014 | $37K | $144K | $1.8M | $0 | — | View 990 |
| 2013 | $-30,429 | $144K | $1.9M | $0 | — | View 990 |
| 2012 | $132K | $151K | $2.1M | $0 | — | View 990 |
| 2011 | $55K | $138K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79K, expenses of $188K, and assets of $975K (revenue +22.6% year-over-year).
- 2022: Revenue of $65K, expenses of $179K, and assets of $1.1M (revenue +23.1% year-over-year).
- 2021: Revenue of $52K, expenses of $193K, and assets of $1.2M (revenue -9.5% year-over-year).
- 2020: Revenue of $58K, expenses of $153K, and assets of $1.4M (revenue -13.6% year-over-year).
- 2019: Revenue of $67K, expenses of $155K, and assets of $1.4M (revenue +39.3% year-over-year).
- 2015: Revenue of $48K, expenses of $142K, and assets of $1.7M (revenue +29.0% year-over-year).
- 2014: Revenue of $37K, expenses of $144K, and assets of $1.8M.
- 2013: Revenue of $-30,429, expenses of $144K, and assets of $1.9M (revenue -123.1% year-over-year).
- 2012: Revenue of $132K, expenses of $151K, and assets of $2.1M (revenue +139.2% year-over-year).
- 2011: Revenue of $55K, expenses of $138K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hurlbert Family Foundation:
Data Sources and Methodology
This transparency report for Hurlbert Family 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.