Irving A Hansen Memorial Foundation
Irving A Hansen Memorial Foundation maintains stable assets and zero executive compensation amidst fluctuating revenues.
EIN: 133177338 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $510K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.5M |
| Transparency Score | 90/100 |
Is Irving A Hansen Memorial Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Irving A Hansen Memorial Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Irving A Hansen Memorial Foundation
Irving A Hansen Memorial Foundation (EIN: 133177338) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $2.2M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Irving A Hansen Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Irving A Hansen Memorial Foundation is a mid-size nonprofit that has been operating for 43 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $530K |
| Total Expenses | $510K |
| Surplus / Deficit | +$20K |
| Total Assets | $7.5M |
| Total Liabilities | $1 |
| Net Assets | $7.5M |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.1 months |
Financial Health Grade: A
In 2024, Irving A Hansen Memorial Foundation reported a surplus of $20K with revenue exceeding expenses, holds 177.1 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), Irving A Hansen Memorial Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -34.2% | -11.9% | +0.6% |
| 2023 | +188.4% | -1.9% | +3.5% |
| 2022 | -66.9% | +11.7% | -3.6% |
| 2021 | +138.5% | +5.3% | +4.4% |
| 2020 | +18.5% | +19.5% | +23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Irving A Hansen Memorial Foundation with a Mission Score of 90 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, Irving A Hansen Memorial Foundation 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 surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a foundation with assets exceeding $7 million.
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 Irving A Hansen Memorial Foundation's IRS 990 filings:
- Significant year-to-year revenue volatility, which could impact long-term planning if not managed by a robust endowment.
Strengths
The following positive indicators were identified for Irving A Hansen Memorial Foundation:
- Consistent zero officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong and growing asset base, increasing from $5.1 million in 2012 to $7.5 million in 2024, providing financial stability.
- Stable expense levels despite revenue fluctuations, suggesting sound financial management and predictable operations.
- Low liabilities, consistently reported as $0 or $1, indicating excellent financial health and minimal debt.
Frequently Asked Questions about Irving A Hansen Memorial Foundation
Is Irving A Hansen Memorial Foundation a legitimate charity?
Irving A Hansen Memorial Foundation (EIN: 133177338) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Irving A Hansen Memorial Foundation spend its money?
Irving A Hansen Memorial Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Irving A Hansen Memorial Foundation tax-deductible?
Irving A Hansen Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 133177338). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Irving A Hansen Memorial Foundation CEO make?
Irving A Hansen Memorial Foundation's highest-compensated officer earns $7 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Irving A Hansen Memorial Foundation located?
Irving A Hansen Memorial Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 133177338.
How many years of IRS 990 filings does Irving A Hansen Memorial Foundation have?
Irving A Hansen Memorial Foundation 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 $2.2M in total revenue.
Is Irving A Hansen Memorial Foundation a good charity?
Based on the provided data, the foundation appears to be a very good charity. It maintains substantial assets, consistently reports zero officer compensation, and has stable expenses, suggesting efficient operations and a strong commitment to its mission without high administrative overhead for salaries.
How does the foundation manage its expenses given fluctuating revenue?
The foundation's expenses have remained relatively stable, typically between $400,000 and $600,000 annually, even with revenue swings from $279,303 to over $2 million. This suggests a conservative budgeting approach, likely drawing from its substantial asset base ($7.5 million in 2024) to cover operational costs and grants during lower revenue years.
What is the primary source of the foundation's revenue?
Given the significant fluctuations in revenue, from $2,069,398 in 2012 to $279,303 in 2022, and the nature of a memorial foundation, it is highly probable that a substantial portion of its revenue comes from investment returns on its endowment and potentially large, infrequent donations, rather than consistent public fundraising.
Filing History
IRS 990 filing history for Irving A Hansen Memorial Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Irving A Hansen Memorial Foundation's revenue has grown by 87.7%, moving from $282K to $530K. Total assets increased by 111% over the same period, from $3.6M to $7.5M. Total functional expenses rose by 36.7%, from $373K to $510K. In its most recent filing year (2024), Irving A Hansen Memorial Foundation reported a surplus of $20K, with revenue exceeding expenses. The organization holds $1 in liabilities against $7.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $530K | $510K | $7.5M | $1 | — | View 990 |
| 2023 | $805K | $579K | $7.5M | $1 | — | View 990 |
| 2022 | $279K | $590K | $7.2M | $1 | — | View 990 |
| 2021 | $844K | $528K | $7.5M | $1 | — | View 990 |
| 2020 | $354K | $502K | $7.2M | $1 | — | View 990 |
| 2016 | $299K | $420K | $5.8M | $0 | — | View 990 |
| 2015 | $616K | $113K | $6.0M | $0 | — | View 990 |
| 2014 | $706K | $337K | $5.5M | $0 | — | View 990 |
| 2013 | $428K | $489K | $5.1M | $0 | — | View 990 |
| 2012 | $2.1M | $495K | $5.1M | $0 | — | View 990 |
| 2011 | $282K | $373K | $3.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $530K, expenses of $510K, and assets of $7.5M (revenue -34.2% year-over-year).
- 2023: Revenue of $805K, expenses of $579K, and assets of $7.5M (revenue +188.4% year-over-year).
- 2022: Revenue of $279K, expenses of $590K, and assets of $7.2M (revenue -66.9% year-over-year).
- 2021: Revenue of $844K, expenses of $528K, and assets of $7.5M (revenue +138.5% year-over-year).
- 2020: Revenue of $354K, expenses of $502K, and assets of $7.2M (revenue +18.5% year-over-year).
- 2016: Revenue of $299K, expenses of $420K, and assets of $5.8M (revenue -51.5% year-over-year).
- 2015: Revenue of $616K, expenses of $113K, and assets of $6.0M (revenue -12.8% year-over-year).
- 2014: Revenue of $706K, expenses of $337K, and assets of $5.5M (revenue +64.8% year-over-year).
- 2013: Revenue of $428K, expenses of $489K, and assets of $5.1M (revenue -79.3% year-over-year).
- 2012: Revenue of $2.1M, expenses of $495K, and assets of $5.1M (revenue +632.7% year-over-year).
- 2011: Revenue of $282K, expenses of $373K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Irving A Hansen Memorial Foundation:
Data Sources and Methodology
This transparency report for Irving A Hansen Memorial 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.