Murden Rickenbacker Hugginscharitable Foundation

Murden Rickenbacker Hugginscharitable Foundation consistently operates at a deficit, drawing down assets over the past decade.

EIN: 206764399 · Cayce, SC · NTEE: T20 · Updated: 2026-03-28

$41KRevenue

$428KAssets

55/100Mission Score (Fair)

T20

About Murden Rickenbacker Hugginscharitable Foundation

Murden Rickenbacker Hugginscharitable Foundation (EIN: 206764399) is a nonprofit organization based in Cayce, SC, classified under NTEE code T20. The organization reported total revenue of $41K and total assets of $428K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Murden Rickenbacker Hugginscharitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Murden Rickenbacker Hugginscharitable Foundation exhibits a concerning trend of consistent operating deficits, with expenses frequently exceeding revenue. For example, in 2023, the organization reported $25,469 in revenue against $32,769 in expenses, and similar patterns are visible across most of its filing history. This has led to a steady decline in assets, from $551,419 in 2011 to $432,739 in 2023. While the organization maintains a very low liability profile ($1 in most years), its long-term financial sustainability is questionable given the persistent spending beyond its income. The NTEE code T20 suggests a focus on grantmaking, and without detailed expense breakdowns, it's difficult to fully assess spending efficiency beyond the overall deficit. The absence of officer compensation is a positive indicator of resource allocation, but the overall financial trajectory warrants close monitoring.

Regarding transparency, the consistent filing of IRS Form 990s over a decade demonstrates a commitment to regulatory compliance. However, without more detailed information on program activities and specific expense categories beyond the summary data, a comprehensive assessment of programmatic impact and administrative overhead is limited. The foundation's small size and consistent asset base, despite the deficits, suggest it may be drawing down an endowment or principal over time. Further detail on the nature of its revenue (e.g., investment income vs. donations) and the specific grants or programs it supports would enhance transparency and allow for a more nuanced understanding of its financial health and mission effectiveness.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Murden Rickenbacker Hugginscharitable Foundation with a Mission Score of 55 out of 100 (Fair). 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: 80%
fundraising: 5%

According to IRS 990 filings, Murden Rickenbacker Hugginscharitable Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is a positive sign for resource allocation to its mission.

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 Murden Rickenbacker Hugginscharitable Foundation's IRS 990 filings:

Consistent operating deficits, with expenses exceeding revenue in most years (e.g., 2023: $25,469 revenue vs. $32,769 expenses).
Steady decline in total assets over the past decade, from $551,419 in 2011 to $432,739 in 2023, indicating a draw-down of principal.
Lack of detailed expense breakdown beyond total expenses, making it difficult to assess specific program vs. administrative spending efficiency.

Strengths

The following positive indicators were identified for Murden Rickenbacker Hugginscharitable Foundation:

Zero officer compensation reported across all filings, indicating efficient use of funds for mission-related activities.
Very low liabilities ($1 in most years), demonstrating strong financial control over debt.
Consistent filing of IRS Form 990s over a decade, indicating good regulatory compliance and transparency in reporting.

Frequently Asked Questions about Murden Rickenbacker Hugginscharitable Foundation

Is Murden Rickenbacker Hugginscharitable Foundation financially sustainable?

Based on the consistent operating deficits (e.g., $25,469 revenue vs. $32,769 expenses in 2023) and the steady decline in assets from $551,419 in 2011 to $432,739 in 2023, the foundation's current financial model appears unsustainable in the long term without a significant increase in revenue or reduction in expenses.

What is the primary source of the foundation's revenue?

The provided data only shows total revenue. Without a breakdown of revenue sources (e.g., contributions, investment income), it's unclear if the foundation relies on donations, endowment returns, or other income streams.

How does the foundation manage its liabilities?

The foundation consistently reports very low liabilities, typically $1 across most filing periods, indicating strong financial management in terms of debt and obligations.

Filing History

IRS 990 filing history for Murden Rickenbacker Hugginscharitable Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Murden Rickenbacker Hugginscharitable Foundation's revenue has grown by 69.8%, moving from $15K to $25K. Total assets decreased by 21.5% over the same period, from $551K to $433K. Total functional expenses rose by 79.2%, from $18K to $33K. In its most recent filing year (2023), Murden Rickenbacker Hugginscharitable Foundation reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $433K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $433K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$25K	$33K	$433K	$1	—	—
2022	$13K	$35K	$440K	$1	—	—
2021	$17K	$37K	$462K	$1	—	—
2020	$11K	$36K	$484K	$1	—	View 990
2019	$26K	$37K	$514K	$1	—	—
2015	$24K	$37K	$555K	$1	—	View 990
2014	$46K	$36K	$569K	$1	—	View 990
2013	$54K	$36K	$558K	$1	—	View 990
2012	$22K	$32K	$541K	$0	—	View 990
2011	$15K	$18K	$551K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $25K, expenses of $33K, and assets of $433K (revenue +99.4% year-over-year).
2022: Revenue of $13K, expenses of $35K, and assets of $440K (revenue -23.2% year-over-year).
2021: Revenue of $17K, expenses of $37K, and assets of $462K (revenue +49.7% year-over-year).
2020: Revenue of $11K, expenses of $36K, and assets of $484K (revenue -58.0% year-over-year).
2019: Revenue of $26K, expenses of $37K, and assets of $514K (revenue +12.2% year-over-year).
2015: Revenue of $24K, expenses of $37K, and assets of $555K (revenue -49.0% year-over-year).
2014: Revenue of $46K, expenses of $36K, and assets of $569K (revenue -14.0% year-over-year).
2013: Revenue of $54K, expenses of $36K, and assets of $558K (revenue +143.0% year-over-year).
2012: Revenue of $22K, expenses of $32K, and assets of $541K (revenue +47.1% year-over-year).
2011: Revenue of $15K, expenses of $18K, and assets of $551K.

Data Sources and Methodology

This transparency report for Murden Rickenbacker Hugginscharitable 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.