Ronald C Hart Family Foundation Inc
Ronald C Hart Family Foundation maintains stable assets and zero officer compensation while operating as a grantmaking entity.
EIN: 208083229 · Chattanooga, TN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $562K |
| Total Expenses | $58K |
| Program Spending | 90% |
| Net Assets | $1.9M |
| Transparency Score | 85/100 |
Is Ronald C Hart Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ronald C Hart Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ronald C Hart Family Foundation Inc
Ronald C Hart Family Foundation Inc (EIN: 208083229) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code T20. The organization reported total revenue of $562K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ronald C Hart Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ronald C Hart Family Foundation Inc is a small nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $58K |
| Surplus / Deficit | +$4K |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | 5.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 389.8 months |
Financial Health Grade: A
In 2022, Ronald C Hart Family Foundation Inc reported a surplus of $4K with revenue exceeding expenses, holds 389.8 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 (2011–2022), Ronald C Hart Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +26.0% | +34.7% | +0.2% |
| 2021 | +78.4% | +39.1% | +112.7% |
| 2020 | -21.5% | — | +2.2% |
| 2019 | -61.5% | -100.0% | -2.9% |
| 2018 | +136.9% | +28.6% | +24.2% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ronald C Hart Family Foundation Inc with a Mission Score of 85 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, Ronald C Hart Family 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the foundation's officers are not compensated, which is a strong positive for resource allocation.
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 Ronald C Hart Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in summary data makes precise program efficiency difficult to assess.
Strengths
The following positive indicators were identified for Ronald C Hart Family Foundation Inc:
- Consistent 0% officer compensation, indicating efficient use of funds.
- Strong asset growth from $759,280 in 2011 to $1,899,080 in 2022, demonstrating financial stability.
- Very low liabilities across all reporting periods, indicating sound financial management.
- Consistent IRS 990 filing history, showing good regulatory compliance and transparency.
Frequently Asked Questions about Ronald C Hart Family Foundation Inc
Is Ronald C Hart Family Foundation Inc a legitimate charity?
Ronald C Hart Family Foundation Inc (EIN: 208083229) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $562K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Ronald C Hart Family Foundation Inc spend its money?
Ronald C Hart Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ronald C Hart Family Foundation Inc tax-deductible?
Ronald C Hart Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208083229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ronald C Hart Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ronald C Hart Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ronald C Hart Family Foundation Inc located?
Ronald C Hart Family Foundation Inc is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 208083229. It is classified under NTEE code T20.
How many years of IRS 990 filings does Ronald C Hart Family Foundation Inc have?
Ronald C Hart Family Foundation Inc 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 $562K in total revenue.
What is the primary focus of the grants made by the Ronald C Hart Family Foundation?
As a private grantmaking foundation (NTEE T20), the foundation's primary focus is distributing grants to other organizations. The specific areas or causes supported by these grants are not detailed in the provided summary data but would be found in the full 990 filings.
How does the foundation manage its investment assets to generate revenue?
The foundation's revenue, particularly the latest $562,274, likely includes investment income, given its substantial assets of $3,715,831. The specific investment strategies are not detailed in the summary, but asset growth suggests effective management.
What is the typical annual grantmaking capacity of the foundation?
Based on historical expenses, which would largely comprise grants for a private foundation, the annual grantmaking capacity appears to be in the range of $30,000 to $60,000 in most years, with potential for larger distributions in years with higher revenue or asset liquidation.
Filing History
IRS 990 filing history for Ronald C Hart Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2022), Ronald C Hart Family Foundation Inc's revenue has grown by 49.3%, moving from $42K to $62K. Total assets increased by 150.1% over the same period, from $759K to $1.9M. Total functional expenses rose by 6995.8%, from $824 to $58K. In its most recent filing year (2022), Ronald C Hart Family Foundation Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $62K | $58K | $1.9M | $1 | — | View 990 |
| 2021 | $49K | $43K | $1.9M | $1 | — | View 990 |
| 2020 | $28K | $31K | $891K | $22K | — | View 990 |
| 2019 | $35K | $0 | $872K | $1 | — | — |
| 2018 | $91K | $55K | $899K | $61K | — | View 990 |
| 2015 | $39K | $43K | $724K | $0 | — | View 990 |
| 2014 | $41K | $41K | $728K | $0 | — | View 990 |
| 2013 | $20K | $42K | $729K | $0 | — | View 990 |
| 2012 | $33K | $42K | $751K | $0 | — | View 990 |
| 2011 | $42K | $824 | $759K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $62K, expenses of $58K, and assets of $1.9M (revenue +26.0% year-over-year).
- 2021: Revenue of $49K, expenses of $43K, and assets of $1.9M (revenue +78.4% year-over-year).
- 2020: Revenue of $28K, expenses of $31K, and assets of $891K (revenue -21.5% year-over-year).
- 2019: Revenue of $35K, expenses of $0, and assets of $872K (revenue -61.5% year-over-year).
- 2018: Revenue of $91K, expenses of $55K, and assets of $899K (revenue +136.9% year-over-year).
- 2015: Revenue of $39K, expenses of $43K, and assets of $724K (revenue -5.3% year-over-year).
- 2014: Revenue of $41K, expenses of $41K, and assets of $728K (revenue +99.9% year-over-year).
- 2013: Revenue of $20K, expenses of $42K, and assets of $729K (revenue -39.1% year-over-year).
- 2012: Revenue of $33K, expenses of $42K, and assets of $751K (revenue -19.6% year-over-year).
- 2011: Revenue of $42K, expenses of $824, and assets of $759K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ronald C Hart Family Foundation Inc:
Data Sources and Methodology
This transparency report for Ronald C Hart Family 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.