The Hagedorn Family Charitable Fund Inc
Hagedorn Family Charitable Fund consistently spends more than it earns, drawing down assets.
EIN: 203027918 · Atlanta, GA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $162K |
| Program Spending | 90% |
| Net Assets | $288K |
| Transparency Score | 75/100 |
Is The Hagedorn Family Charitable Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Hagedorn Family Charitable Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Hagedorn Family Charitable Fund Inc
The Hagedorn Family Charitable Fund Inc (EIN: 203027918) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T22. The organization reported total revenue of $1.6M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Hagedorn Family Charitable Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Hagedorn Family Charitable Fund Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $162K |
| Surplus / Deficit | $-85,408 |
| Total Assets | $288K |
| Total Liabilities | $1 |
| Net Assets | $288K |
| Operating Margin | -111.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 21.3 months |
Financial Health Grade: B
In 2023, The Hagedorn Family Charitable Fund Inc reported a deficit of $85K with expenses exceeding revenue, holds 21.3 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), The Hagedorn Family Charitable Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +102.0% | +31.6% | -22.9% |
| 2022 | -43.5% | -6.8% | -18.6% |
| 2021 | +384.6% | -24.3% | -12.4% |
| 2019 | -153.4% | +224.3% | +124.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The Hagedorn Family Charitable Fund Inc with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Hagedorn Family Charitable Fund 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 deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not paid, which is a positive sign for minimizing administrative costs relative to the organization's size and 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 The Hagedorn Family Charitable Fund Inc's IRS 990 filings:
- Consistent decline in assets over the past decade, from $498,688 in 2011 to $287,509 in 2023, indicating a spend-down without sufficient new revenue to replenish.
- Expenses consistently exceed revenue, for example, $161,780 in expenses vs. $76,372 in revenue in 2023, which is unsustainable without a large, continually replenished endowment.
Strengths
The following positive indicators were identified for The Hagedorn Family Charitable Fund Inc:
- Zero officer compensation reported across all filings, indicating a commitment to minimizing executive overhead.
- Minimal liabilities ($0 or $1 consistently), demonstrating strong financial solvency and no significant debt burden.
- Consistent filing of IRS 990 forms, indicating good regulatory compliance and transparency.
Frequently Asked Questions about The Hagedorn Family Charitable Fund Inc
Is The Hagedorn Family Charitable Fund Inc a legitimate charity?
The Hagedorn Family Charitable Fund Inc (EIN: 203027918) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Hagedorn Family Charitable Fund Inc spend its money?
The Hagedorn Family Charitable Fund Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Hagedorn Family Charitable Fund Inc tax-deductible?
The Hagedorn Family Charitable Fund Inc is registered as a tax-exempt nonprofit (EIN: 203027918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Hagedorn Family Charitable Fund Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Hagedorn Family Charitable Fund Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Hagedorn Family Charitable Fund Inc located?
The Hagedorn Family Charitable Fund Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 203027918. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Hagedorn Family Charitable Fund Inc have?
The Hagedorn Family Charitable Fund 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 $1.6M in total revenue.
What are the specific programs or grants funded by The Hagedorn Family Charitable Fund Inc?
The provided data does not detail the specific programs or grants funded. A review of the full IRS 990 forms, particularly Schedule I, would be necessary to understand the beneficiaries and types of charitable activities supported.
Why does the organization consistently report expenses exceeding revenue?
This pattern suggests The Hagedorn Family Charitable Fund Inc operates as a private foundation that is distributing funds from its endowment or principal, rather than relying on annual public contributions to cover its expenses. This is a common operational model for such entities.
What is the long-term strategy for asset management given the consistent decline?
The consistent decline in assets, from $498,688 in 2011 to $287,509 in 2023, indicates a spend-down approach or that distributions exceed investment returns and new contributions. The organization's long-term strategy for asset preservation or depletion would require further inquiry beyond the provided financial summaries.
Filing History
IRS 990 filing history for The Hagedorn Family Charitable Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Hagedorn Family Charitable Fund Inc's revenue has grown by 434.7%, moving from $14K to $76K. Total assets decreased by 42.3% over the same period, from $499K to $288K. Total functional expenses rose by 177.4%, from $58K to $162K. In its most recent filing year (2023), The Hagedorn Family Charitable Fund Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $1 in liabilities against $288K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $288K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $162K | $288K | $1 | — | View 990 |
| 2022 | $38K | $123K | $373K | $1 | — | View 990 |
| 2021 | $67K | $132K | $458K | $1 | — | — |
| 2020 | $14K | $174K | $523K | $1 | — | — |
| 2019 | $-22,411 | $66K | $683K | $1 | — | View 990 |
| 2015 | $42K | $20K | $305K | $1 | — | View 990 |
| 2014 | $36K | $199K | $283K | $1 | — | View 990 |
| 2013 | $16K | $42K | $447K | $1 | — | View 990 |
| 2012 | $8K | $35K | $473K | $1 | — | View 990 |
| 2011 | $14K | $58K | $499K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $162K, and assets of $288K (revenue +102.0% year-over-year).
- 2022: Revenue of $38K, expenses of $123K, and assets of $373K (revenue -43.5% year-over-year).
- 2021: Revenue of $67K, expenses of $132K, and assets of $458K (revenue +384.6% year-over-year).
- 2020: Revenue of $14K, expenses of $174K, and assets of $523K.
- 2019: Revenue of $-22,411, expenses of $66K, and assets of $683K (revenue -153.4% year-over-year).
- 2015: Revenue of $42K, expenses of $20K, and assets of $305K (revenue +17.5% year-over-year).
- 2014: Revenue of $36K, expenses of $199K, and assets of $283K (revenue +123.4% year-over-year).
- 2013: Revenue of $16K, expenses of $42K, and assets of $447K (revenue +88.5% year-over-year).
- 2012: Revenue of $8K, expenses of $35K, and assets of $473K (revenue -40.6% year-over-year).
- 2011: Revenue of $14K, expenses of $58K, and assets of $499K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Hagedorn Family Charitable Fund Inc:
Data Sources and Methodology
This transparency report for The Hagedorn Family Charitable Fund 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.