The Gift Of Hearing Foundation Inc
The Gift Of Hearing Foundation Inc reports $0 revenue and assets in its latest filing, indicating potential inactivity after years of fluctuating, modest financial activity.
EIN: 201585677 · Narragansett, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $35K |
| Program Spending | 70% |
| Net Assets | $35K |
| Transparency Score | 65/100 |
Is The Gift Of Hearing Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Gift Of Hearing Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Gift Of Hearing Foundation Inc
The Gift Of Hearing Foundation Inc (EIN: 201585677) is a nonprofit organization based in Narragansett, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Gift Of Hearing Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Gift Of Hearing Foundation Inc is a micro nonprofit, with 7 years of IRS 990 filings on record (2010–2016). Revenue has grown at a compound annual rate of -14.3%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $35K |
| Surplus / Deficit | $-27,748 |
| Total Assets | $67K |
| Total Liabilities | $32K |
| Net Assets | $35K |
| Operating Margin | -369.4% |
| Debt-to-Asset Ratio | 48.0% |
| Months of Reserves | 22.7 months |
Financial Health Grade: B
In 2016, The Gift Of Hearing Foundation Inc reported a deficit of $28K with expenses exceeding revenue, holds 22.7 months of operating reserves (strong position), has a debt-to-asset ratio of 48.0% (moderate leverage).
Financial Trends
Over 7 years of filings (2010–2016), The Gift Of Hearing Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -90.5% | -46.0% | -29.4% |
| 2015 | +83.4% | +15.6% | +92.4% |
| 2014 | -9.1% | +66.9% | +5.1% |
| 2013 | +47.0% | +23.1% | +40.0% |
| 2012 | +4.5% | -29.8% | -11.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Gift Of Hearing Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Gift Of Hearing Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 48.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, which is a strong positive for donor trust.
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 The Gift Of Hearing Foundation Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential inactivity or cessation of operations.
- Significant and consistent negative net income in several years (e.g., 2016: $7,511 revenue vs. $35,259 expenses), suggesting financial instability.
- Lack of detailed expense breakdowns in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for The Gift Of Hearing Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating no executive salaries.
- Historically managed to maintain some level of assets despite fluctuating revenues and expenses.
Frequently Asked Questions about The Gift Of Hearing Foundation Inc
Is The Gift Of Hearing Foundation Inc a legitimate charity?
The Gift Of Hearing Foundation Inc (EIN: 201585677) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 65/100. It has 7 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Gift Of Hearing Foundation Inc spend its money?
The Gift Of Hearing Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Gift Of Hearing Foundation Inc tax-deductible?
The Gift Of Hearing Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201585677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Gift Of Hearing Foundation Inc's spending goes to programs?
The Gift Of Hearing Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Gift Of Hearing Foundation Inc located?
The Gift Of Hearing Foundation Inc is headquartered in Narragansett, Rhode Island and files with the IRS under EIN 201585677.
How many years of IRS 990 filings does The Gift Of Hearing Foundation Inc have?
The Gift Of Hearing Foundation Inc 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.
Is The Gift Of Hearing Foundation Inc still actively operating given its latest $0 revenue and assets?
Based on the latest available data showing $0 in both revenue and assets, it is highly probable that The Gift Of Hearing Foundation Inc is no longer actively operating or has significantly scaled down its activities. Donors should verify current operational status before considering support.
What caused the significant decline in revenue from $78,671 in 2015 to $0 in the latest filing?
The provided data does not specify the reasons for the revenue decline. It could be due to a cessation of fundraising efforts, completion of specific projects, or a decision to wind down operations. Further investigation into their public records or direct contact would be needed to understand this trend.
How did the organization manage its expenses when revenue was significantly lower, such as in 2016 ($7,511 revenue vs. $35,259 expenses)?
In periods where expenses significantly exceeded revenue, such as in 2016, the organization likely drew upon accumulated assets or incurred additional liabilities to cover costs. For instance, in 2016, assets were $66,679 and liabilities were $32,000, suggesting they had reserves or took on debt to manage the deficit.
Filing History
IRS 990 filing history for The Gift Of Hearing Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2016), The Gift Of Hearing Foundation Inc's revenue has declined by 60.4%, moving from $19K to $8K. Total assets increased by 117.4% over the same period, from $31K to $67K. Total functional expenses rose by 87%, from $19K to $35K. In its most recent filing year (2016), The Gift Of Hearing Foundation Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $32K in liabilities against $67K in assets (debt-to-asset ratio: 48.0%), resulting in net assets of $35K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $8K | $35K | $67K | $32K | — | View 990 |
| 2015 | $79K | $65K | $94K | $32K | — | View 990 |
| 2014 | $43K | $56K | $49K | $16K | — | View 990 |
| 2013 | $47K | $34K | $47K | $0 | — | View 990 |
| 2012 | $32K | $27K | $33K | $2K | — | View 990 |
| 2011 | $31K | $39K | $38K | $39K | — | View 990 |
| 2010 | $19K | $19K | $31K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $8K, expenses of $35K, and assets of $67K (revenue -90.5% year-over-year).
- 2015: Revenue of $79K, expenses of $65K, and assets of $94K (revenue +83.4% year-over-year).
- 2014: Revenue of $43K, expenses of $56K, and assets of $49K (revenue -9.1% year-over-year).
- 2013: Revenue of $47K, expenses of $34K, and assets of $47K (revenue +47.0% year-over-year).
- 2012: Revenue of $32K, expenses of $27K, and assets of $33K (revenue +4.5% year-over-year).
- 2011: Revenue of $31K, expenses of $39K, and assets of $38K (revenue +62.0% year-over-year).
- 2010: Revenue of $19K, expenses of $19K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Gift Of Hearing Foundation Inc:
Data Sources and Methodology
This transparency report for The Gift Of Hearing 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.