Raymond J And Kathryn D Harbert Foundation
EIN: 263910444 · Birmingham, AL · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $85K |
| Net Assets | $5.0M |
Is Raymond J And Kathryn D Harbert Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raymond J And Kathryn D Harbert Foundation
Raymond J And Kathryn D Harbert Foundation (EIN: 263910444) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T22. The organization reported total revenue of $22K and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raymond J And Kathryn D Harbert Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raymond J And Kathryn D Harbert Foundation is a micro nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 160.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $289K |
| Total Expenses | $85K |
| Surplus / Deficit | +$204K |
| Total Assets | $5.0M |
| Total Liabilities | $1 |
| Net Assets | $5.0M |
| Operating Margin | 70.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 707.3 months |
Financial Health Grade: A
In 2023, Raymond J And Kathryn D Harbert Foundation reported a surplus of $204K with revenue exceeding expenses, holds 707.3 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), Raymond J And Kathryn D Harbert Foundation's revenue has grown at a compound annual growth rate (CAGR) of 160.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.6% | -21.0% | +4.3% |
| 2022 | +1982.8% | -17.5% | +1.1% |
| 2021 | -97.8% | -83.2% | -2.5% |
| 2020 | +17.4% | +59.0% | -8.2% |
| 2019 | -98.3% | -93.7% | -38.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raymond J And Kathryn D Harbert 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 Raymond J And Kathryn D Harbert 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 surplus of $204K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Raymond J And Kathryn D Harbert Foundation
Is Raymond J And Kathryn D Harbert Foundation a legitimate charity?
Raymond J And Kathryn D Harbert Foundation (EIN: 263910444) is a registered tax-exempt nonprofit based in Alabama. It has 10 years of IRS 990 filings on record. Total revenue: $22K. No red flags identified. Financial health grade: A.
How does Raymond J And Kathryn D Harbert Foundation spend its money?
Raymond J And Kathryn D Harbert Foundation reported $22K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Raymond J And Kathryn D Harbert Foundation tax-deductible?
Raymond J And Kathryn D Harbert Foundation is registered as a tax-exempt nonprofit (EIN: 263910444). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raymond J And Kathryn D Harbert Foundation located?
Raymond J And Kathryn D Harbert Foundation is headquartered in Birmingham, Alabama and files with the IRS under EIN 263910444. It is classified under NTEE code T22.
How many years of IRS 990 filings does Raymond J And Kathryn D Harbert Foundation have?
Raymond J And Kathryn D Harbert 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 $22K in total revenue.
Filing History
IRS 990 filing history for Raymond J And Kathryn D Harbert Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Raymond J And Kathryn D Harbert Foundation's revenue has grown by 9631200%, moving from $3 to $289K. Total assets increased by 25926.9% over the same period, from $19K to $5.0M. Total functional expenses rose by 227.8%, from $26K to $85K. In its most recent filing year (2023), Raymond J And Kathryn D Harbert Foundation reported a surplus of $204K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $289K | $85K | $5.0M | $1 | — | View 990 |
| 2022 | $158K | $107K | $4.8M | $1 | — | View 990 |
| 2021 | $8K | $130K | $4.7M | $1 | — | — |
| 2020 | $338K | $773K | $4.9M | $1 | — | — |
| 2019 | $288K | $486K | $5.3M | $0 | — | View 990 |
| 2015 | $16.5M | $7.7M | $8.6M | $0 | — | View 990 |
| 2014 | $13.6M | $13.6M | $26K | $0 | — | View 990 |
| 2013 | $10.0M | $10.0M | $4K | $1 | — | View 990 |
| 2012 | $53 | $8K | $11K | $1 | — | View 990 |
| 2011 | $3 | $26K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $289K, expenses of $85K, and assets of $5.0M (revenue +82.6% year-over-year).
- 2022: Revenue of $158K, expenses of $107K, and assets of $4.8M (revenue +1982.8% year-over-year).
- 2021: Revenue of $8K, expenses of $130K, and assets of $4.7M (revenue -97.8% year-over-year).
- 2020: Revenue of $338K, expenses of $773K, and assets of $4.9M (revenue +17.4% year-over-year).
- 2019: Revenue of $288K, expenses of $486K, and assets of $5.3M (revenue -98.3% year-over-year).
- 2015: Revenue of $16.5M, expenses of $7.7M, and assets of $8.6M (revenue +21.3% year-over-year).
- 2014: Revenue of $13.6M, expenses of $13.6M, and assets of $26K (revenue +36.0% year-over-year).
- 2013: Revenue of $10.0M, expenses of $10.0M, and assets of $4K (revenue +18867830.2% year-over-year).
- 2012: Revenue of $53, expenses of $8K, and assets of $11K (revenue +1666.7% year-over-year).
- 2011: Revenue of $3, expenses of $26K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raymond J And Kathryn D Harbert Foundation:
Data Sources and Methodology
This transparency report for Raymond J And Kathryn D Harbert 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.