Hussman Foundation Inc
Hussman Foundation Inc. consistently reports negative revenue, drawing down significant assets over the past decade.
EIN: 202062883 · Ellicott City, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $552K |
| Program Spending | 90% |
| Net Assets | $15.9M |
| Transparency Score | 75/100 |
Is Hussman Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hussman Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hussman Foundation Inc
Hussman Foundation Inc (EIN: 202062883) is a nonprofit organization based in Ellicott City, MD, classified under NTEE code T22. The organization reported total revenue of $1.7M and total assets of $17.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hussman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hussman Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -25.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $397K |
| Total Expenses | $552K |
| Surplus / Deficit | $-155,301 |
| Total Assets | $15.9M |
| Total Liabilities | $1 |
| Net Assets | $15.9M |
| Operating Margin | -39.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 345.1 months |
Financial Health Grade: B
In 2024, Hussman Foundation Inc reported a deficit of $155K with expenses exceeding revenue, holds 345.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Hussman Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -975.2% | +6.8% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Hussman Foundation Inc with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Hussman Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $155K, 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 no officers receive salaries from the foundation, which is highly commendable for an organization of its asset size.
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 Hussman Foundation Inc's IRS 990 filings:
- Consistent negative revenue in recent years (e.g., $-1,221,586 in 2023, $-143,651 in 2021), indicating reliance on asset drawdowns.
- Significant decline in total assets from $55,916,560 in 2014 to $15,878,995 in 2024, raising questions about long-term financial strategy.
Strengths
The following positive indicators were identified for Hussman Foundation Inc:
- Consistently reports 0% officer compensation, demonstrating excellent financial stewardship regarding executive pay.
- Maintains a substantial asset base ($17,245,828) despite recent drawdowns, providing significant capacity for grant-making.
- Long history of IRS 990 filings (11 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Hussman Foundation Inc
Is Hussman Foundation Inc a legitimate charity?
Hussman Foundation Inc (EIN: 202062883) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hussman Foundation Inc spend its money?
Hussman Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hussman Foundation Inc tax-deductible?
Hussman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202062883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hussman Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hussman Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hussman Foundation Inc located?
Hussman Foundation Inc is headquartered in Ellicott City, Maryland and files with the IRS under EIN 202062883. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hussman Foundation Inc have?
Hussman Foundation Inc has 11 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 $1.7M in total revenue.
Is Hussman Foundation Inc. financially sustainable given its consistent negative revenue?
The foundation has consistently reported negative revenue in recent years (e.g., $-1,221,586 in 2023, $-143,651 in 2021), indicating it is primarily spending from its endowment. While it still holds significant assets ($17,245,828), this trend suggests a finite lifespan if not addressed by future positive returns or contributions.
How has the foundation's asset base changed over time?
The foundation's assets have significantly decreased from a peak of $55,916,560 in 2014 to $15,878,995 in 2024, reflecting substantial grant-making and investment losses over the decade.
What is the foundation's approach to executive compensation?
The Hussman Foundation Inc. consistently reports 0% officer compensation, meaning no salaries are paid to its executives, which is a strong indicator of financial prudence and dedication to its mission.
Filing History
IRS 990 filing history for Hussman Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Hussman Foundation Inc's revenue has declined by 97.8%, moving from $17.6M to $397K. Total assets decreased by 50.4% over the same period, from $32.0M to $15.9M. Total functional expenses fell by 72%, from $2.0M to $552K. In its most recent filing year (2024), Hussman Foundation Inc reported a deficit of $155K, with expenses exceeding revenue. The organization holds $1 in liabilities against $15.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $397K | $552K | $15.9M | $1 | — | — |
| 2023 | $-1,221,586 | $905K | $16.9M | $1 | — | View 990 |
| 2022 | $140K | $848K | $18.7M | $28 | — | View 990 |
| 2021 | $-143,651 | $2.2M | $19.6M | $1 | — | View 990 |
| 2020 | $-77,844 | $3.4M | $20.3M | $0 | — | View 990 |
| 2019 | $-1,257,627 | $4.6M | $22.4M | $0 | — | View 990 |
| 2015 | $462K | $460K | $51.6M | $0 | — | View 990 |
| 2014 | $3.6M | $665K | $55.9M | $0 | — | View 990 |
| 2013 | $9.2M | $438K | $54.7M | $25 | — | View 990 |
| 2012 | $21.9M | $705K | $49.8M | $0 | — | View 990 |
| 2011 | $17.6M | $2.0M | $32.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $397K, expenses of $552K, and assets of $15.9M.
- 2023: Revenue of $-1,221,586, expenses of $905K, and assets of $16.9M (revenue -975.2% year-over-year).
- 2022: Revenue of $140K, expenses of $848K, and assets of $18.7M.
- 2021: Revenue of $-143,651, expenses of $2.2M, and assets of $19.6M.
- 2020: Revenue of $-77,844, expenses of $3.4M, and assets of $20.3M.
- 2019: Revenue of $-1,257,627, expenses of $4.6M, and assets of $22.4M (revenue -372.1% year-over-year).
- 2015: Revenue of $462K, expenses of $460K, and assets of $51.6M (revenue -87.2% year-over-year).
- 2014: Revenue of $3.6M, expenses of $665K, and assets of $55.9M (revenue -61.0% year-over-year).
- 2013: Revenue of $9.2M, expenses of $438K, and assets of $54.7M (revenue -57.9% year-over-year).
- 2012: Revenue of $21.9M, expenses of $705K, and assets of $49.8M (revenue +24.2% year-over-year).
- 2011: Revenue of $17.6M, expenses of $2.0M, and assets of $32.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hussman Foundation Inc:
Data Sources and Methodology
This transparency report for Hussman 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.