Robert B And Janet A Hoffman Foundation Inc
Robert B And Janet A Hoffman Foundation Inc maintains strong asset growth and zero reported officer compensation over a decade.
EIN: 201798512 · Chapel Hill, NC · NTEE: T20 · Updated: 2026-03-28
Is Robert B And Janet A Hoffman Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Robert B And Janet A Hoffman Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Robert B And Janet A Hoffman Foundation Inc
Robert B And Janet A Hoffman Foundation Inc (EIN: 201798512) is a nonprofit organization based in Chapel Hill, NC, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Robert B And Janet A Hoffman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Robert B And Janet A Hoffman Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $333K |
| Total Expenses | $167K |
| Surplus / Deficit | +$166K |
| Total Assets | $3.5M |
| Total Liabilities | $1 |
| Net Assets | $3.5M |
| Operating Margin | 49.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 249.7 months |
Financial Health Grade: A
In 2023, Robert B And Janet A Hoffman Foundation Inc reported a surplus of $166K with revenue exceeding expenses, holds 249.7 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), Robert B And Janet A Hoffman Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.7% | -25.8% | +1.5% |
| 2022 | -48.5% | +30.8% | +0.2% |
| 2021 | -2.1% | -9.2% | +8.7% |
| 2020 | +43.1% | -8.8% | +8.2% |
| 2019 | -10.3% | -10.1% | +26.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Robert B And Janet A Hoffman Foundation Inc with a Mission Score of 95 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, Robert B And Janet A Hoffman Foundation Inc 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 surplus of $166K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either volunteers or compensated through non-officer categories, which is highly favorable for a foundation of its size with assets exceeding $3.7 million.
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.
Strengths
The following positive indicators were identified for Robert B And Janet A Hoffman Foundation Inc:
- Consistent asset growth, increasing from $1.58M in 2011 to $3.47M in 2023.
- 0% reported officer compensation across all available filings, indicating high efficiency and potentially volunteer leadership.
- Low liabilities, often reported as $1, demonstrating strong financial management and minimal debt.
- Expenses consistently lower than revenue in most years, allowing for asset accumulation.
- Strong program focus implied by the nature of a private foundation and efficient spending.
Frequently Asked Questions about Robert B And Janet A Hoffman Foundation Inc
Is Robert B And Janet A Hoffman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Robert B And Janet A Hoffman Foundation Inc (EIN: 201798512) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Robert B And Janet A Hoffman Foundation Inc spend its money?
Robert B And Janet A Hoffman Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Robert B And Janet A Hoffman Foundation Inc tax-deductible?
Robert B And Janet A Hoffman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201798512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Robert B And Janet A Hoffman Foundation Inc a good charity?
Based on the available IRS 990 data, the foundation exhibits strong financial health, consistent asset growth, and excellent spending efficiency with 0% reported officer compensation, suggesting it is a well-managed entity.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent growth, increasing from $1,585,548 in 2011 to $3,479,751 in 2023, demonstrating long-term financial stability and accumulation.
What is the trend in the foundation's revenue?
Revenue has fluctuated year-to-year, ranging from a low of $89,693 in 2012 to a high of $1,104,258 in 2014 and $1,172,968 in its latest reported period, indicating variable but often substantial income streams.
Filing History
IRS 990 filing history for Robert B And Janet A Hoffman Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Robert B And Janet A Hoffman Foundation Inc's revenue has declined by 13.5%, moving from $385K to $333K. Total assets increased by 119.5% over the same period, from $1.6M to $3.5M. Total functional expenses fell by 16.9%, from $201K to $167K. In its most recent filing year (2023), Robert B And Janet A Hoffman Foundation Inc reported a surplus of $166K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $333K | $167K | $3.5M | $1 | — | — |
| 2022 | $281K | $226K | $3.4M | $1 | — | View 990 |
| 2021 | $545K | $172K | $3.4M | $1 | — | View 990 |
| 2020 | $557K | $190K | $3.1M | $1 | — | View 990 |
| 2019 | $389K | $208K | $2.9M | $5K | — | View 990 |
| 2015 | $434K | $232K | $2.3M | $130K | — | View 990 |
| 2014 | $1.1M | $202K | $2.2M | $185K | — | View 990 |
| 2013 | $274K | $178K | $1.6M | $80K | — | View 990 |
| 2012 | $90K | $181K | $1.5M | $157K | — | View 990 |
| 2011 | $385K | $201K | $1.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $333K, expenses of $167K, and assets of $3.5M (revenue +18.7% year-over-year).
- 2022: Revenue of $281K, expenses of $226K, and assets of $3.4M (revenue -48.5% year-over-year).
- 2021: Revenue of $545K, expenses of $172K, and assets of $3.4M (revenue -2.1% year-over-year).
- 2020: Revenue of $557K, expenses of $190K, and assets of $3.1M (revenue +43.1% year-over-year).
- 2019: Revenue of $389K, expenses of $208K, and assets of $2.9M (revenue -10.3% year-over-year).
- 2015: Revenue of $434K, expenses of $232K, and assets of $2.3M (revenue -60.7% year-over-year).
- 2014: Revenue of $1.1M, expenses of $202K, and assets of $2.2M (revenue +302.4% year-over-year).
- 2013: Revenue of $274K, expenses of $178K, and assets of $1.6M (revenue +205.9% year-over-year).
- 2012: Revenue of $90K, expenses of $181K, and assets of $1.5M (revenue -76.7% year-over-year).
- 2011: Revenue of $385K, expenses of $201K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Robert B And Janet A Hoffman Foundation Inc:
Data Sources and Methodology
This transparency report for Robert B And Janet A Hoffman Foundation Inc 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.