John Hart Foundation
John Hart Foundation shows volatile revenue and expenses, with recent net losses despite substantial assets.
EIN: 200156873 · Chicago, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $1.3M |
| Program Spending | 75% |
| Net Assets | $9.7M |
| Transparency Score | 65/100 |
Is John Hart Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John Hart Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John Hart Foundation
John Hart Foundation (EIN: 200156873) is a nonprofit organization based in Chicago, IL, classified under NTEE code T22. The organization reported total revenue of $4.4M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John Hart Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John 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 22.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-248,953 |
| Total Assets | $9.7M |
| Total Liabilities | $32 |
| Net Assets | $9.7M |
| Operating Margin | -23.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 87.8 months |
Financial Health Grade: B
In 2023, John Hart Foundation reported a deficit of $249K with expenses exceeding revenue, holds 87.8 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), John Hart Foundation's revenue has grown at a compound annual growth rate (CAGR) of 22.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +157.9% | -31.0% | -2.5% |
| 2022 | -85.8% | +0.5% | -13.1% |
| 2019 | -107.1% | +365.3% | +663.0% |
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 John Hart 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: 75%
- fundraising: 10%
According to IRS 990 filings, John Hart Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $249K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation is handled through an unstated mechanism, which is a positive indicator for minimizing overhead costs.
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 John Hart Foundation's IRS 990 filings:
- Highly volatile revenue streams, including negative revenue reported in 2019 and 2020.
- Consistent net losses in recent years (e.g., $248,953 loss in 2023, $1,504,635 loss in 2022), indicating expenses frequently exceed income.
- Significant decline in assets from a peak of $11,973,608 in 2019 to $9,692,871 in 2023, suggesting potential erosion of reserves.
Strengths
The following positive indicators were identified for John Hart Foundation:
- Consistently low liabilities across all reported periods, indicating good debt management.
- Zero reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
- Substantial asset base ($9,488,216 latest) provides a buffer despite recent operational losses.
Frequently Asked Questions about John Hart Foundation
Is John Hart Foundation a legitimate charity?
John Hart Foundation (EIN: 200156873) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does John Hart Foundation spend its money?
John Hart Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to John Hart Foundation tax-deductible?
John Hart Foundation is registered as a tax-exempt nonprofit (EIN: 200156873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of John Hart Foundation's spending goes to programs?
John Hart Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does John Hart Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), John 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 John Hart Foundation located?
John Hart Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 200156873. It is classified under NTEE code T22.
How many years of IRS 990 filings does John Hart Foundation have?
John 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 $4.4M in total revenue.
Is John Hart Foundation a good charity?
The foundation demonstrates strong transparency regarding executive compensation (0% reported). However, its financial stability is questionable due to highly volatile revenue and consistent net losses in recent years (e.g., $248,953 loss in 2023, $1,504,635 loss in 2022). A deeper dive into the nature of its expenses and revenue sources would be needed to fully assess its effectiveness.
Why has the foundation experienced negative revenue in some years?
The filings show negative revenue in 2020 ($-356,740) and 2019 ($-33,459). This could be due to significant returns of contributions, investment losses exceeding gains, or accounting adjustments. This pattern is unusual for a healthy nonprofit and warrants further investigation into their financial practices.
What caused the significant decrease in assets from 2019 to 2023?
Assets peaked at $11,973,608 in 2019 but decreased to $9,692,871 by 2023. This decline of over $2 million could be attributed to sustained operational losses, significant program expenditures not covered by revenue, or investment losses. Understanding the specific allocation of these asset reductions is crucial.
How does the foundation sustain operations with recurring net losses?
The foundation has reported expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2020, 2019). While it possesses substantial assets ($9,692,871 in 2023), sustained losses could erode its endowment over time. It's important to understand if these losses are strategic (e.g., spending down restricted funds) or indicative of an unsustainable financial model.
Filing History
IRS 990 filing history for John Hart Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), John Hart Foundation's revenue has grown by 1061.5%, moving from $93K to $1.1M. Total assets increased by 485.5% over the same period, from $1.7M to $9.7M. Total functional expenses rose by 1036.4%, from $117K to $1.3M. In its most recent filing year (2023), John Hart Foundation reported a deficit of $249K, with expenses exceeding revenue. The organization holds $32 in liabilities against $9.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.3M | $9.7M | $32 | — | — |
| 2022 | $417K | $1.9M | $9.9M | $32 | — | View 990 |
| 2021 | $2.9M | $1.9M | $11.4M | $32 | — | View 990 |
| 2020 | $-356,740 | $1.2M | $10.4M | $36 | — | View 990 |
| 2019 | $-33,459 | $925K | $12.0M | $30 | — | View 990 |
| 2015 | $470K | $199K | $1.6M | $30 | — | View 990 |
| 2014 | $126K | $375K | $1.3M | $30 | — | View 990 |
| 2013 | $316K | $327K | $1.5M | $30 | — | View 990 |
| 2012 | $114K | $240K | $1.5M | $30 | — | View 990 |
| 2011 | $93K | $117K | $1.7M | $30 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.3M, and assets of $9.7M (revenue +157.9% year-over-year).
- 2022: Revenue of $417K, expenses of $1.9M, and assets of $9.9M (revenue -85.8% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.9M, and assets of $11.4M.
- 2020: Revenue of $-356,740, expenses of $1.2M, and assets of $10.4M.
- 2019: Revenue of $-33,459, expenses of $925K, and assets of $12.0M (revenue -107.1% year-over-year).
- 2015: Revenue of $470K, expenses of $199K, and assets of $1.6M (revenue +271.6% year-over-year).
- 2014: Revenue of $126K, expenses of $375K, and assets of $1.3M (revenue -60.1% year-over-year).
- 2013: Revenue of $316K, expenses of $327K, and assets of $1.5M (revenue +178.0% year-over-year).
- 2012: Revenue of $114K, expenses of $240K, and assets of $1.5M (revenue +22.9% year-over-year).
- 2011: Revenue of $93K, expenses of $117K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John Hart Foundation:
Data Sources and Methodology
This transparency report for John 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.