Hurliman Scholarship Foundation
Hurliman Scholarship Foundation consistently spends more than it earns, drawing down on assets.
EIN: 205993001 · Colorado Springs, CO · NTEE: R20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $872K |
| Total Expenses | $722K |
| Program Spending | 90% |
| Net Assets | $4.3M |
| Transparency Score | 85/100 |
Is Hurliman Scholarship Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hurliman Scholarship Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hurliman Scholarship Foundation
Hurliman Scholarship Foundation (EIN: 205993001) is a nonprofit organization based in Colorado Springs, CO, classified under NTEE code R20. The organization reported total revenue of $872K and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hurliman Scholarship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hurliman Scholarship Foundation is a small 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 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $352K |
| Total Expenses | $722K |
| Surplus / Deficit | $-370,572 |
| Total Assets | $4.3M |
| Total Liabilities | $1 |
| Net Assets | $4.3M |
| Operating Margin | -105.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 70.7 months |
Financial Health Grade: B
In 2023, Hurliman Scholarship Foundation reported a deficit of $371K with expenses exceeding revenue, holds 70.7 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), Hurliman Scholarship Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +10.6% | -8.2% |
| 2022 | -33.7% | +30.3% | -6.6% |
| 2021 | -2.3% | +10.5% | -0.3% |
| 2020 | +62.4% | -7.0% | +1.2% |
| 2019 | +67.9% | +12.2% | -9.8% |
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 Hurliman Scholarship Foundation 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, Hurliman Scholarship Foundation 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 deficit of $371K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Hurliman Scholarship Foundation reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis. This is highly commendable for a nonprofit of its size, as it ensures that a greater proportion of funds can be directed towards its programmatic mission.
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 Hurliman Scholarship Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue, leading to asset depletion
- Declining asset base over the past decade
Strengths
The following positive indicators were identified for Hurliman Scholarship Foundation:
- 0% officer compensation, indicating volunteer leadership
- Clear and consistent mission focus (scholarships)
- Strong program spending ratio (estimated 90%)
- Consistent IRS 990 filing history, demonstrating transparency
Frequently Asked Questions about Hurliman Scholarship Foundation
Is Hurliman Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hurliman Scholarship Foundation (EIN: 205993001) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Hurliman Scholarship Foundation spend its money?
Hurliman Scholarship Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hurliman Scholarship Foundation tax-deductible?
Hurliman Scholarship Foundation is registered as a tax-exempt nonprofit (EIN: 205993001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hurliman Scholarship Foundation's spending goes to programs?
Hurliman Scholarship Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hurliman Scholarship Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hurliman Scholarship Foundation is above average for NTEE category R20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hurliman Scholarship Foundation located?
Hurliman Scholarship Foundation is headquartered in Colorado Springs, Colorado and files with the IRS under EIN 205993001. It is classified under NTEE code R20.
How many years of IRS 990 filings does Hurliman Scholarship Foundation have?
Hurliman Scholarship Foundation 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 $872K in total revenue.
Is Hurliman Scholarship Foundation a good charity?
Based on the available data, Hurliman Scholarship Foundation appears to be a good charity, particularly due to its 0% officer compensation and clear mission focus. However, its consistent spending exceeding revenue, leading to asset depletion, is a financial trend that potential donors might want to understand better.
Why are expenses consistently higher than revenue?
The filings show that for most periods, especially recently (e.g., 202312 expenses $722,306 vs. revenue $351,734), the foundation's expenses have exceeded its revenue. This suggests the organization is utilizing its endowment or accumulated assets to fund its scholarship programs, rather than relying solely on annual contributions.
What is the trend in the organization's assets?
The organization's assets have shown a declining trend over the past decade, decreasing from $5,473,800 in 201112 to $4,253,669 in 202312. This aligns with the observation that expenses frequently exceed revenue, indicating asset utilization.
Filing History
IRS 990 filing history for Hurliman Scholarship Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hurliman Scholarship Foundation's revenue has grown by 7%, moving from $329K to $352K. Total assets decreased by 22.3% over the same period, from $5.5M to $4.3M. Total functional expenses rose by 75.5%, from $412K to $722K. In its most recent filing year (2023), Hurliman Scholarship Foundation reported a deficit of $371K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $352K | $722K | $4.3M | $1 | — | View 990 |
| 2022 | $333K | $653K | $4.6M | $527 | — | View 990 |
| 2021 | $501K | $502K | $5.0M | $6K | — | View 990 |
| 2020 | $513K | $454K | $5.0M | $20K | — | — |
| 2019 | $316K | $488K | $4.9M | $1 | — | View 990 |
| 2015 | $188K | $435K | $5.5M | $577 | — | View 990 |
| 2014 | $402K | $379K | $5.7M | $1 | — | View 990 |
| 2013 | $465K | $387K | $5.7M | $0 | — | View 990 |
| 2012 | $527K | $397K | $5.6M | $0 | — | View 990 |
| 2011 | $329K | $412K | $5.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $352K, expenses of $722K, and assets of $4.3M (revenue +5.8% year-over-year).
- 2022: Revenue of $333K, expenses of $653K, and assets of $4.6M (revenue -33.7% year-over-year).
- 2021: Revenue of $501K, expenses of $502K, and assets of $5.0M (revenue -2.3% year-over-year).
- 2020: Revenue of $513K, expenses of $454K, and assets of $5.0M (revenue +62.4% year-over-year).
- 2019: Revenue of $316K, expenses of $488K, and assets of $4.9M (revenue +67.9% year-over-year).
- 2015: Revenue of $188K, expenses of $435K, and assets of $5.5M (revenue -53.2% year-over-year).
- 2014: Revenue of $402K, expenses of $379K, and assets of $5.7M (revenue -13.6% year-over-year).
- 2013: Revenue of $465K, expenses of $387K, and assets of $5.7M (revenue -11.7% year-over-year).
- 2012: Revenue of $527K, expenses of $397K, and assets of $5.6M (revenue +60.2% year-over-year).
- 2011: Revenue of $329K, expenses of $412K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hurliman Scholarship Foundation:
Data Sources and Methodology
This transparency report for Hurliman Scholarship 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.