L Patrick & Marsha L Hassey Family Charitable Foundation
EIN: 472510526 · Salt Lake Cty, UT · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $41K |
| Total Expenses | $45K |
| Net Assets | $607K |
Is L Patrick & Marsha L Hassey Family Charitable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About L Patrick & Marsha L Hassey Family Charitable Foundation
L Patrick & Marsha L Hassey Family Charitable Foundation (EIN: 472510526) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T20. The organization reported total revenue of $41K and total assets of $611K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of L Patrick & Marsha L Hassey Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
L Patrick & Marsha L Hassey Family Charitable Foundation is a micro nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -32.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $45K |
| Surplus / Deficit | $-9,917 |
| Total Assets | $607K |
| Total Liabilities | $1 |
| Net Assets | $607K |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 162.9 months |
Financial Health Grade: B
In 2023, L Patrick & Marsha L Hassey Family Charitable Foundation reported a deficit of $10K with expenses exceeding revenue, holds 162.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2014–2023), L Patrick & Marsha L Hassey Family Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -32.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.8% | +5.1% | -1.6% |
| 2022 | +25.7% | +556.2% | -0.7% |
| 2021 | +205.1% | -60.1% | +4.0% |
| 2020 | -21.8% | +3.8% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for L Patrick & Marsha L Hassey Family Charitable Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates L Patrick & Marsha L Hassey Family Charitable Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about L Patrick & Marsha L Hassey Family Charitable Foundation
Is L Patrick & Marsha L Hassey Family Charitable Foundation a legitimate charity?
L Patrick & Marsha L Hassey Family Charitable Foundation (EIN: 472510526) is a registered tax-exempt nonprofit based in Utah. It has 7 years of IRS 990 filings on record. Total revenue: $41K. No red flags identified. Financial health grade: B.
How does L Patrick & Marsha L Hassey Family Charitable Foundation spend its money?
L Patrick & Marsha L Hassey Family Charitable Foundation reported $41K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to L Patrick & Marsha L Hassey Family Charitable Foundation tax-deductible?
L Patrick & Marsha L Hassey Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 472510526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is L Patrick & Marsha L Hassey Family Charitable Foundation located?
L Patrick & Marsha L Hassey Family Charitable Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 472510526. It is classified under NTEE code T20.
How many years of IRS 990 filings does L Patrick & Marsha L Hassey Family Charitable Foundation have?
L Patrick & Marsha L Hassey Family Charitable Foundation has 7 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 $41K in total revenue.
Filing History
IRS 990 filing history for L Patrick & Marsha L Hassey Family Charitable Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), L Patrick & Marsha L Hassey Family Charitable Foundation's revenue has declined by 97.1%, moving from $1.2M to $35K. Total assets decreased by 48.7% over the same period, from $1.2M to $607K. Total functional expenses rose by 2180.8%, from $2K to $45K. In its most recent filing year (2023), L Patrick & Marsha L Hassey Family Charitable Foundation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $1 in liabilities against $607K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $607K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $45K | $607K | $1 | — | — |
| 2022 | $38K | $43K | $617K | $1 | — | — |
| 2021 | $30K | $6K | $621K | $1 | — | View 990 |
| 2020 | $10K | $16K | $597K | $1 | — | View 990 |
| 2019 | $13K | $16K | $604K | $1 | — | — |
| 2015 | $-70,144 | $16K | $1.1M | $1 | — | View 990 |
| 2014 | $1.2M | $2K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $45K, and assets of $607K (revenue -8.8% year-over-year).
- 2022: Revenue of $38K, expenses of $43K, and assets of $617K (revenue +25.7% year-over-year).
- 2021: Revenue of $30K, expenses of $6K, and assets of $621K (revenue +205.1% year-over-year).
- 2020: Revenue of $10K, expenses of $16K, and assets of $597K (revenue -21.8% year-over-year).
- 2019: Revenue of $13K, expenses of $16K, and assets of $604K.
- 2015: Revenue of $-70,144, expenses of $16K, and assets of $1.1M (revenue -105.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $2K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for L Patrick & Marsha L Hassey Family Charitable Foundation:
Data Sources and Methodology
This transparency report for L Patrick & Marsha L Hassey Family Charitable 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.