James G Hart Foundation
James G Hart Foundation maintains substantial assets and zero reported officer compensation amidst fluctuating revenues.
EIN: 200254015 · Wadsworth, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $826K |
| Program Spending | 90% |
| Net Assets | $12.0M |
| Transparency Score | 85/100 |
Is James G Hart Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James G Hart Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James G Hart Foundation
James G Hart Foundation (EIN: 200254015) is a nonprofit organization based in Wadsworth, IL, classified under NTEE code T22. The organization reported total revenue of $5.4M and total assets of $14.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James G Hart Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
James G Hart Foundation is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $730K |
| Total Expenses | $826K |
| Surplus / Deficit | $-95,932 |
| Total Assets | $12.0M |
| Total Liabilities | $1 |
| Net Assets | $12.0M |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 174.8 months |
Financial Health Grade: B
In 2023, James G Hart Foundation reported a deficit of $96K with expenses exceeding revenue, holds 174.8 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), James G Hart Foundation's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.5% | -10.7% | -0.8% |
| 2022 | -64.2% | +128.3% | -3.0% |
| 2021 | +380.7% | +32.0% | +10.0% |
| 2020 | +869.4% | -77.9% | +0.1% |
| 2019 | -77.5% | +495.1% | +685.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 James G Hart Foundation 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, James G Hart 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $96K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The James G Hart Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through non-officer channels, which is highly favorable for minimizing administrative overhead.
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 James G Hart Foundation's IRS 990 filings:
- Lack of detailed program, administrative, and fundraising expense breakdown in provided data, limiting granular efficiency analysis.
Strengths
The following positive indicators were identified for James G Hart Foundation:
- Consistent 0% reported officer compensation, indicating very low administrative overhead for executive pay.
- Substantial and growing asset base, increasing from $1.4 million in 2011 to over $14 million currently, providing financial stability.
- Extremely low liabilities, often reported as $1, demonstrating strong financial management and minimal debt.
- Consistent IRS 990 filing history over a decade, indicating good compliance and transparency.
- Significant latest revenue of $5,421,511, suggesting strong recent financial support or investment returns.
Frequently Asked Questions about James G Hart Foundation
Is James G Hart Foundation a legitimate charity?
James G Hart Foundation (EIN: 200254015) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.4M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does James G Hart Foundation spend its money?
James G Hart Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to James G Hart Foundation tax-deductible?
James G Hart Foundation is registered as a tax-exempt nonprofit (EIN: 200254015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does James G Hart Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), James G Hart 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 James G Hart Foundation located?
James G Hart Foundation is headquartered in Wadsworth, Illinois and files with the IRS under EIN 200254015. It is classified under NTEE code T22.
How many years of IRS 990 filings does James G Hart Foundation have?
James G Hart 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 $5.4M in total revenue.
How does the James G Hart Foundation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, compensated through other non-officer categories, or that the foundation's structure does not involve traditional officer salaries. This is a significant factor in its operational efficiency.
What is the primary source of the James G Hart Foundation's substantial asset growth?
The foundation's assets have grown from $1.4 million in 2011 to over $14 million currently. This growth could be attributed to successful investment strategies, significant donations, or a combination of both, as the revenue figures fluctuate and don't always cover expenses, indicating reliance on existing capital or new contributions.
Why do expenses sometimes exceed revenue for the James G Hart Foundation?
In several periods, such as 2023 ($826,397 expenses vs. $730,465 revenue) and 2022 ($925,378 expenses vs. $551,124 revenue), expenses exceeded revenue. This suggests the foundation may be utilizing its substantial asset base to fund its operations and programs during periods when incoming revenue is insufficient to cover costs.
Filing History
IRS 990 filing history for James G Hart Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), James G Hart Foundation's revenue has grown by 1042.9%, moving from $64K to $730K. Total assets increased by 722.6% over the same period, from $1.5M to $12.0M. Total functional expenses rose by 1311.6%, from $59K to $826K. In its most recent filing year (2023), James G Hart Foundation reported a deficit of $96K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $730K | $826K | $12.0M | $1 | — | View 990 |
| 2022 | $551K | $925K | $12.1M | $1 | — | View 990 |
| 2021 | $1.5M | $405K | $12.5M | $1 | — | View 990 |
| 2020 | $320K | $307K | $11.4M | $1 | — | View 990 |
| 2019 | $33K | $1.4M | $11.4M | $0 | — | View 990 |
| 2015 | $147K | $234K | $1.4M | $0 | — | View 990 |
| 2014 | $95K | $98K | $1.5M | $0 | — | View 990 |
| 2013 | $76K | $88K | $1.5M | $0 | — | View 990 |
| 2012 | $69K | $65K | $1.5M | $0 | — | View 990 |
| 2011 | $64K | $59K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $730K, expenses of $826K, and assets of $12.0M (revenue +32.5% year-over-year).
- 2022: Revenue of $551K, expenses of $925K, and assets of $12.1M (revenue -64.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $405K, and assets of $12.5M (revenue +380.7% year-over-year).
- 2020: Revenue of $320K, expenses of $307K, and assets of $11.4M (revenue +869.4% year-over-year).
- 2019: Revenue of $33K, expenses of $1.4M, and assets of $11.4M (revenue -77.5% year-over-year).
- 2015: Revenue of $147K, expenses of $234K, and assets of $1.4M (revenue +54.7% year-over-year).
- 2014: Revenue of $95K, expenses of $98K, and assets of $1.5M (revenue +25.1% year-over-year).
- 2013: Revenue of $76K, expenses of $88K, and assets of $1.5M (revenue +10.6% year-over-year).
- 2012: Revenue of $69K, expenses of $65K, and assets of $1.5M (revenue +7.5% year-over-year).
- 2011: Revenue of $64K, expenses of $59K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for James G Hart Foundation:
Data Sources and Methodology
This transparency report for James G Hart 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.