Hyde Family Foundation
Hyde Family Foundation faces declining assets due to consistent operating deficits despite no officer compensation.
EIN: 201152959 · Lakewood, WA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $389K |
| Total Expenses | $180K |
| Program Spending | 80% |
| Net Assets | $1.4M |
| Transparency Score | 65/100 |
Is Hyde Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hyde Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hyde Family Foundation
Hyde Family Foundation (EIN: 201152959) is a nonprofit organization based in Lakewood, WA, classified under NTEE code T22. The organization reported total revenue of $389K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hyde Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hyde Family Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $180K |
| Surplus / Deficit | $-69,279 |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | -62.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 92.2 months |
Financial Health Grade: B
In 2023, Hyde Family Foundation reported a deficit of $69K with expenses exceeding revenue, holds 92.2 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), Hyde Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +128.0% | -7.7% | -4.8% |
| 2022 | -67.5% | +23.7% | -9.2% |
| 2021 | +342.3% | +4.0% | -0.5% |
| 2020 | -82.9% | -3.6% | -6.8% |
| 2019 | +102.3% | +15.5% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Hyde Family Foundation 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, Hyde Family Foundation 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 $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation.
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 Hyde Family Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses have frequently exceeded revenue, notably in 2023 ($179,574 expenses vs. $110,295 revenue) and 2022 ($194,516 expenses vs. $48,372 revenue).
- Declining asset base: Total assets have decreased from $1,783,072 in 2014 to $1,379,472 in 2023, indicating a draw-down of principal.
Strengths
The following positive indicators were identified for Hyde Family Foundation:
- No officer compensation: The organization consistently reports 0% officer compensation, indicating efficient use of funds at the executive level.
- Minimal liabilities: Liabilities are consistently reported as $1 across all filings, demonstrating excellent debt management.
- Consistent filing history: The organization has a robust filing history with 10 filings, indicating good transparency and compliance.
Frequently Asked Questions about Hyde Family Foundation
Is Hyde Family Foundation a legitimate charity?
Hyde Family Foundation (EIN: 201152959) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $389K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hyde Family Foundation spend its money?
Hyde Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hyde Family Foundation tax-deductible?
Hyde Family Foundation is registered as a tax-exempt nonprofit (EIN: 201152959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hyde Family Foundation's spending goes to programs?
Hyde Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hyde Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Hyde Family Foundation 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 Hyde Family Foundation located?
Hyde Family Foundation is headquartered in Lakewood, Washington and files with the IRS under EIN 201152959. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hyde Family Foundation have?
Hyde Family 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 $389K in total revenue.
Why have expenses consistently exceeded revenue in recent years?
The filings show that in 2023, expenses ($179,574) were significantly higher than revenue ($110,295), and a similar trend is observed in 2022 ($194,516 expenses vs. $48,372 revenue). This pattern suggests the foundation is spending more than it earns annually.
What is the long-term strategy for managing the declining asset base?
Assets have decreased from $1,783,072 in 2014 to $1,379,472 in 2023. This decline, coupled with consistent operating deficits, raises questions about the sustainability of the foundation's principal over time.
How does the foundation fund its operations without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that key leadership roles may be filled by volunteers or compensated through mechanisms not categorized as officer compensation, which is unusual for an organization of this asset size.
Filing History
IRS 990 filing history for Hyde Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hyde Family Foundation's revenue has grown by 314.5%, moving from $27K to $110K. Total assets increased by 99.6% over the same period, from $691K to $1.4M. Total functional expenses rose by 235.5%, from $54K to $180K. In its most recent filing year (2023), Hyde Family Foundation reported a deficit of $69K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $180K | $1.4M | $1 | — | View 990 |
| 2022 | $48K | $195K | $1.4M | $1 | — | View 990 |
| 2021 | $149K | $157K | $1.6M | $1 | — | — |
| 2020 | $34K | $151K | $1.6M | $1 | — | — |
| 2019 | $197K | $157K | $1.7M | $1 | — | View 990 |
| 2015 | $98K | $136K | $1.7M | $1 | — | View 990 |
| 2014 | $157K | $99K | $1.8M | $1 | — | View 990 |
| 2013 | $1.1M | $66K | $1.7M | $1 | — | View 990 |
| 2012 | $73K | $60K | $704K | $1 | — | View 990 |
| 2011 | $27K | $54K | $691K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $180K, and assets of $1.4M (revenue +128.0% year-over-year).
- 2022: Revenue of $48K, expenses of $195K, and assets of $1.4M (revenue -67.5% year-over-year).
- 2021: Revenue of $149K, expenses of $157K, and assets of $1.6M (revenue +342.3% year-over-year).
- 2020: Revenue of $34K, expenses of $151K, and assets of $1.6M (revenue -82.9% year-over-year).
- 2019: Revenue of $197K, expenses of $157K, and assets of $1.7M (revenue +102.3% year-over-year).
- 2015: Revenue of $98K, expenses of $136K, and assets of $1.7M (revenue -38.0% year-over-year).
- 2014: Revenue of $157K, expenses of $99K, and assets of $1.8M (revenue -85.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $66K, and assets of $1.7M (revenue +1398.0% year-over-year).
- 2012: Revenue of $73K, expenses of $60K, and assets of $704K (revenue +172.5% year-over-year).
- 2011: Revenue of $27K, expenses of $54K, and assets of $691K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hyde Family Foundation:
Data Sources and Methodology
This transparency report for Hyde 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.