Hyman And Bessie Passman Family Charitable Foundation Inc
Hyman And Bessie Passman Family Charitable Foundation consistently spends more than it earns, drawing down assets for grantmaking.
EIN: 200657086 · Blue Ash, OH · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $319K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Hyman And Bessie Passman Family Charitable Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Hyman And Bessie Passman Family Charitable Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hyman And Bessie Passman Family Charitable Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $102K and expenses of $319K.
Revenue and Expenses
Hyman And Bessie Passman Family Charitable Foundation Inc reported $102K in revenue and $319K in expenses, a deficit of $217K.
Executive Compensation
Top officer compensation appears as $2 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Hyman And Bessie Passman Family Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $287K (90%) |
Across stored filings, Hyman And Bessie Passman Family Charitable Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Alliance Of Independent Academic Medical Centers | Ohio and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Blue Ash, OH nonprofitsPhilanthropy in Ohio
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Keep the Investigation Moving
Hyman And Bessie Passman Family Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hyman And Bessie Passman Family Charitable Foundation Inc
Hyman And Bessie Passman Family Charitable Foundation Inc (EIN: 200657086) is a nonprofit organization based in Blue Ash, OH, classified under NTEE code T22. The organization reported total revenue of $1.0M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hyman And Bessie Passman Family Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hyman And Bessie Passman Family Charitable Foundation Inc is a mid-size 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 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $102K |
| Total Expenses | $319K |
| Surplus / Deficit | $-217,108 |
| Total Assets | $2.2M |
| Total Liabilities | $1 |
| Net Assets | $2.2M |
| Operating Margin | -212.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 82.0 months |
Financial Health Grade: B
In 2023, Hyman And Bessie Passman Family Charitable Foundation Inc reported a deficit of $217K with expenses exceeding revenue, holds 82.0 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), Hyman And Bessie Passman Family Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.6% | +2.4% | -9.1% |
| 2022 | -73.3% | +26.3% | -6.6% |
| 2021 | +20.9% | +17.8% | +12.6% |
| 2020 | +295.8% | +5.5% | +11.3% |
| 2019 | -61.2% | -5.5% | -3.6% |
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 Hyman And Bessie Passman Family Charitable Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Hyman And Bessie Passman Family Charitable 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $217K, 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 the foundation is likely run by unpaid volunteers or has no paid officers, which is highly efficient for an organization of its size with over $2 million in assets.
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 Hyman And Bessie Passman Family Charitable Foundation Inc's IRS 990 filings:
- Consistent deficit spending: In multiple recent periods (e.g., 2023, 2022, 2019, 2014, 2013, 2012, 2011), expenses significantly exceeded revenue, indicating a draw on the foundation's principal assets.
- Declining asset trend: While still substantial, assets have decreased from a high of $2,566,554 in 2021 to $2,180,564 in 2023, likely due to the deficit spending.
Strengths
The following positive indicators were identified for Hyman And Bessie Passman Family Charitable Foundation Inc:
- Zero officer compensation: The foundation reports 0% officer compensation across all filings, indicating highly efficient and likely volunteer-led governance.
- Consistent IRS 990 filings: A long history of 10 filings demonstrates transparency and compliance with reporting requirements.
- Substantial asset base: With current assets of $2,290,994, the foundation has a significant endowment to support its charitable activities.
- Clear mission as a grantmaking foundation: The NTEE code T22 (Private Grantmaking Foundations) clearly defines its purpose, and its financial activity aligns with distributing funds.
Frequently Asked Questions about Hyman And Bessie Passman Family Charitable Foundation Inc
Is Hyman And Bessie Passman Family Charitable Foundation Inc a legitimate charity?
Hyman And Bessie Passman Family Charitable Foundation Inc (EIN: 200657086) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Hyman And Bessie Passman Family Charitable Foundation Inc spend its money?
Hyman And Bessie Passman Family Charitable Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hyman And Bessie Passman Family Charitable Foundation Inc tax-deductible?
Hyman And Bessie Passman Family Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200657086). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hyman And Bessie Passman Family Charitable Foundation Inc CEO make?
Hyman And Bessie Passman Family Charitable Foundation Inc's highest-compensated officer earns $2 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hyman And Bessie Passman Family Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hyman And Bessie Passman Family Charitable 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 Hyman And Bessie Passman Family Charitable Foundation Inc located?
Hyman And Bessie Passman Family Charitable Foundation Inc is headquartered in Blue Ash, Ohio and files with the IRS under EIN 200657086. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hyman And Bessie Passman Family Charitable Foundation Inc have?
Hyman And Bessie Passman Family Charitable Foundation Inc 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 $1.0M in total revenue.
Is the Hyman And Bessie Passman Family Charitable Foundation Inc financially stable?
While the foundation has a substantial asset base of $2,290,994, it has frequently reported expenses exceeding revenue in recent years (e.g., $319,089 expenses vs. $101,981 revenue in 2023), indicating it is drawing down its principal to fund operations and grants. This is common for private foundations but suggests a reliance on its endowment rather than annual income for sustainability.
How much of its money goes to charitable programs?
As a private grantmaking foundation, its primary 'program' is the distribution of grants. While a detailed breakdown isn't provided, the consistent 0% officer compensation suggests a very low overhead for personnel, implying a high percentage of expenses likely goes towards grants and related administrative costs. We estimate approximately 90% goes to programs, with 10% to administration and 0% to fundraising.
Does the foundation pay its officers?
No, the IRS 990 filings consistently show 'Officer Comp=0%' for all periods, indicating that the foundation's officers are unpaid.
Filing History
IRS 990 filing history for Hyman And Bessie Passman Family Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hyman And Bessie Passman Family Charitable Foundation Inc's revenue has grown by 329.7%, moving from $24K to $102K. Total assets decreased by 9.2% over the same period, from $2.4M to $2.2M. Total functional expenses rose by 73.5%, from $184K to $319K. In its most recent filing year (2023), Hyman And Bessie Passman Family Charitable Foundation Inc reported a deficit of $217K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $102K | $319K | $2.2M | $1 | — | View 990 |
| 2022 | $143K | $312K | $2.4M | $1 | — | View 990 |
| 2021 | $534K | $247K | $2.6M | $1 | — | View 990 |
| 2020 | $442K | $210K | $2.3M | $1 | — | — |
| 2019 | $112K | $199K | $2.0M | $1 | — | View 990 |
| 2015 | $288K | $210K | $2.1M | $1 | — | View 990 |
| 2014 | $65K | $219K | $2.0M | $1 | — | View 990 |
| 2013 | $81K | $212K | $2.2M | $1 | — | View 990 |
| 2012 | $131K | $193K | $2.3M | $1 | — | View 990 |
| 2011 | $24K | $184K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $102K, expenses of $319K, and assets of $2.2M (revenue -28.6% year-over-year).
- 2022: Revenue of $143K, expenses of $312K, and assets of $2.4M (revenue -73.3% year-over-year).
- 2021: Revenue of $534K, expenses of $247K, and assets of $2.6M (revenue +20.9% year-over-year).
- 2020: Revenue of $442K, expenses of $210K, and assets of $2.3M (revenue +295.8% year-over-year).
- 2019: Revenue of $112K, expenses of $199K, and assets of $2.0M (revenue -61.2% year-over-year).
- 2015: Revenue of $288K, expenses of $210K, and assets of $2.1M (revenue +341.8% year-over-year).
- 2014: Revenue of $65K, expenses of $219K, and assets of $2.0M (revenue -20.0% year-over-year).
- 2013: Revenue of $81K, expenses of $212K, and assets of $2.2M (revenue -38.0% year-over-year).
- 2012: Revenue of $131K, expenses of $193K, and assets of $2.3M (revenue +453.5% year-over-year).
- 2011: Revenue of $24K, expenses of $184K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hyman And Bessie Passman Family Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Hyman And Bessie Passman Family Charitable 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.