Hurst Wood Education Foundation Inc
Hurst Wood Education Foundation Inc faces significant operating deficits with expenses consistently exceeding highly volatile revenues in recent years.
EIN: 202697232 · St George, UT · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $269K |
| Total Expenses | $945K |
| Program Spending | 80% |
| Net Assets | $6.0M |
| Transparency Score | 65/100 |
Is Hurst Wood Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hurst Wood Education Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hurst Wood Education Foundation Inc
Hurst Wood Education Foundation Inc (EIN: 202697232) is a nonprofit organization based in St George, UT, classified under NTEE code B28. The organization reported total revenue of $269K and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hurst Wood Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hurst Wood Education Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $945K |
| Surplus / Deficit | $-742,950 |
| Total Assets | $6.0M |
| Net Assets | $6.0M |
| Operating Margin | -368.5% |
| Months of Reserves | 76.3 months |
Financial Health Grade: B
In 2023, Hurst Wood Education Foundation Inc reported a deficit of $743K with expenses exceeding revenue, holds 76.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hurst Wood Education Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -18.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +418.3% | +33.4% | -10.4% |
| 2022 | -97.9% | +45.4% | -10.6% |
| 2021 | +531.1% | -12.9% | +24.0% |
| 2020 | +394.4% | +2.1% | -3.2% |
| 2019 | -78.0% | +152.7% | -18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Hurst Wood Education Foundation Inc with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Hurst Wood Education Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $743K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for resource allocation directly to 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 Hurst Wood Education Foundation Inc's IRS 990 filings:
- Consistent operating deficits: Expenses frequently and significantly exceed revenue (e.g., $944,575 expenses vs. $201,625 revenue in 2023).
- Declining asset base: Assets have decreased from over $8 million in 2015 to $6 million in 2023.
- Highly volatile revenue: Revenue has fluctuated drastically year-to-year, making financial planning challenging and indicating potential instability in funding sources.
Strengths
The following positive indicators were identified for Hurst Wood Education Foundation Inc:
- Zero officer compensation: No executive compensation reported, indicating all resources are directed towards the mission.
- Substantial asset base: Despite recent declines, the organization still holds over $6 million in assets, providing a buffer.
- Clean liability record: Liabilities have been consistently low or zero in recent years, indicating good debt management.
Frequently Asked Questions about Hurst Wood Education Foundation Inc
Is Hurst Wood Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hurst Wood Education Foundation Inc (EIN: 202697232) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Hurst Wood Education Foundation Inc spend its money?
Hurst Wood Education Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hurst Wood Education Foundation Inc tax-deductible?
Hurst Wood Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202697232). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hurst Wood Education Foundation Inc's spending goes to programs?
Hurst Wood Education Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hurst Wood Education Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Hurst Wood Education Foundation Inc is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hurst Wood Education Foundation Inc located?
Hurst Wood Education Foundation Inc is headquartered in St George, Utah and files with the IRS under EIN 202697232. It is classified under NTEE code B28.
How many years of IRS 990 filings does Hurst Wood Education Foundation Inc have?
Hurst Wood Education Foundation Inc has 13 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 $269K in total revenue.
Is Hurst Wood Education Foundation Inc financially sustainable given its recent operating deficits?
The organization has consistently spent more than it earned in recent years (e.g., $944,575 expenses vs. $201,625 revenue in 2023), drawing down its assets from $8.1M in 2015 to $6.0M in 2023. This trend raises concerns about long-term financial sustainability without a significant increase in revenue or reduction in expenses.
What is the primary source of funding for the organization, given the highly volatile revenue?
The provided data does not specify the types of revenue (e.g., donations, grants, investment income). The extreme fluctuations suggest a reliance on large, infrequent contributions or specific project-based funding rather than a stable, diversified income stream.
Why have assets been declining over the past several years?
Assets have decreased from a high of $8,152,335 in 2015 to $6,002,438 in 2023. This decline is likely due to the organization consistently spending more than its annual revenue, effectively using its reserves to cover operational costs.
Filing History
IRS 990 filing history for Hurst Wood Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hurst Wood Education Foundation Inc's revenue has declined by 91.6%, moving from $2.4M to $202K. Total assets increased by 22.7% over the same period, from $4.9M to $6.0M. Total functional expenses rose by 11.5%, from $847K to $945K. In its most recent filing year (2023), Hurst Wood Education Foundation Inc reported a deficit of $743K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $202K | $945K | $6.0M | $0 | — | — |
| 2022 | $39K | $708K | $6.7M | $0 | — | View 990 |
| 2021 | $1.9M | $487K | $7.5M | $0 | — | View 990 |
| 2020 | $297K | $559K | $6.0M | $13K | — | View 990 |
| 2019 | $60K | $547K | $6.2M | $0 | — | View 990 |
| 2018 | $273K | $217K | $7.6M | $981K | — | View 990 |
| 2017 | $204K | $287K | $7.7M | $1.0M | — | View 990 |
| 2016 | $589K | $623K | $7.8M | $1.1M | — | View 990 |
| 2015 | $1.8M | $1.6M | $8.2M | $1.4M | — | View 990 |
| 2014 | $3.0M | $2.1M | $8.1M | $1.5M | — | View 990 |
| 2013 | $2.0M | $1.7M | $7.2M | $1.6M | — | View 990 |
| 2012 | $2.4M | $1.3M | $6.4M | $1.1M | — | View 990 |
| 2011 | $2.4M | $847K | $4.9M | $661K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $202K, expenses of $945K, and assets of $6.0M (revenue +418.3% year-over-year).
- 2022: Revenue of $39K, expenses of $708K, and assets of $6.7M (revenue -97.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $487K, and assets of $7.5M (revenue +531.1% year-over-year).
- 2020: Revenue of $297K, expenses of $559K, and assets of $6.0M (revenue +394.4% year-over-year).
- 2019: Revenue of $60K, expenses of $547K, and assets of $6.2M (revenue -78.0% year-over-year).
- 2018: Revenue of $273K, expenses of $217K, and assets of $7.6M (revenue +34.2% year-over-year).
- 2017: Revenue of $204K, expenses of $287K, and assets of $7.7M (revenue -65.4% year-over-year).
- 2016: Revenue of $589K, expenses of $623K, and assets of $7.8M (revenue -67.3% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.6M, and assets of $8.2M (revenue -39.7% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.1M, and assets of $8.1M (revenue +52.8% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.7M, and assets of $7.2M (revenue -19.0% year-over-year).
- 2012: Revenue of $2.4M, expenses of $1.3M, and assets of $6.4M (revenue +0.5% year-over-year).
- 2011: Revenue of $2.4M, expenses of $847K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hurst Wood Education Foundation Inc:
Data Sources and Methodology
This transparency report for Hurst Wood Education 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.