The Hamlin Family Foundation Inc
Hamlin Family Foundation sees long-term asset decline despite recent positive revenue-expense balance.
EIN: 203758162 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $25K |
| Program Spending | 75% |
| Net Assets | $611K |
| Transparency Score | 70/100 |
Is The Hamlin 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 →
The Hamlin Family Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Hamlin Family Foundation Inc
The Hamlin Family Foundation Inc (EIN: 203758162) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $26K and total assets of $626K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Hamlin Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Hamlin Family Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $25K |
| Surplus / Deficit | +$11K |
| Total Assets | $611K |
| Total Liabilities | $1 |
| Net Assets | $611K |
| Operating Margin | 30.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 296.2 months |
Financial Health Grade: A
In 2023, The Hamlin Family Foundation Inc reported a surplus of $11K with revenue exceeding expenses, holds 296.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.0% | -69.5% | +1.8% |
| 2022 | +3.0% | +2.4% | -2.0% |
| 2020 | -257.6% | -69.2% | -19.9% |
| 2019 | -61.5% | -21.2% | -21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 The Hamlin Family Foundation Inc with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Hamlin Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, which is a positive for resource allocation relative to its size.
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 Hamlin Family Foundation Inc's IRS 990 filings:
- Significant long-term decline in assets from $1.28M in 2011 to $610K in 2023.
- Multiple years with expenses exceeding revenue (e.g., 2022: $81,148 expenses vs. $68,813 revenue).
- Periods of negative revenue (e.g., -$102,619 in 2020), indicating potential investment losses or unusual financial events.
Strengths
The following positive indicators were identified for The Hamlin Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Minimal liabilities, consistently reported as $1, suggesting strong debt management.
- Regular and transparent IRS 990 filings over a decade.
Frequently Asked Questions about The Hamlin Family Foundation Inc
Is The Hamlin Family Foundation Inc a legitimate charity?
The Hamlin Family Foundation Inc (EIN: 203758162) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $26K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Hamlin Family Foundation Inc spend its money?
The Hamlin Family Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Hamlin Family Foundation Inc tax-deductible?
The Hamlin Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203758162). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Hamlin Family Foundation Inc's spending goes to programs?
The Hamlin Family Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Hamlin Family Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), The Hamlin 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 The Hamlin Family Foundation Inc located?
The Hamlin Family Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203758162. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Hamlin Family Foundation Inc have?
The Hamlin 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 $26K in total revenue.
What caused the significant negative revenue in 2011 and 2020?
The negative revenue figures of -$108,763 in 2011 and -$102,619 in 2020 likely indicate significant investment losses or substantial returns of contributions in those fiscal periods, which impacted the foundation's overall financial intake.
What is the primary purpose of the Hamlin Family Foundation Inc. given its NTEE code T20?
The NTEE code T20 typically refers to 'Private Grantmaking Foundations,' meaning The Hamlin Family Foundation Inc. primarily functions by making grants to other organizations or individuals to support charitable activities, rather than directly operating programs.
Why have the organization's assets declined significantly over the past decade?
The organization's assets have declined from $1,283,349 in 2011 to $610,716 in 2023, largely due to expenses frequently exceeding revenue in multiple years (e.g., 2012, 2014, 2015, 2019, 2021, 2022) and periods of negative revenue, which depleted its capital base.
Filing History
IRS 990 filing history for The Hamlin Family Foundation Inc showing financial trends over 10 years of public records:
Total assets decreased by 52.4% over the same period, from $1.3M to $611K. Total functional expenses fell by 90.4%, from $259K to $25K. In its most recent filing year (2023), The Hamlin Family Foundation Inc reported a surplus of $11K, with revenue exceeding expenses. The organization holds $1 in liabilities against $611K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $611K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $25K | $611K | $1 | — | — |
| 2022 | $69K | $81K | $600K | $1 | — | View 990 |
| 2021 | $67K | $79K | $612K | $1 | — | — |
| 2020 | $-102,619 | $52K | $624K | $1 | — | — |
| 2019 | $65K | $170K | $779K | $1 | — | — |
| 2015 | $169K | $216K | $986K | $1 | — | View 990 |
| 2014 | $148K | $244K | $1.0M | $1 | — | View 990 |
| 2013 | $352K | $323K | $1.1M | $0 | — | View 990 |
| 2012 | $127K | $311K | $1.1M | $1 | — | View 990 |
| 2011 | $-108,763 | $259K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $25K, and assets of $611K (revenue -48.0% year-over-year).
- 2022: Revenue of $69K, expenses of $81K, and assets of $600K (revenue +3.0% year-over-year).
- 2021: Revenue of $67K, expenses of $79K, and assets of $612K.
- 2020: Revenue of $-102,619, expenses of $52K, and assets of $624K (revenue -257.6% year-over-year).
- 2019: Revenue of $65K, expenses of $170K, and assets of $779K (revenue -61.5% year-over-year).
- 2015: Revenue of $169K, expenses of $216K, and assets of $986K (revenue +14.4% year-over-year).
- 2014: Revenue of $148K, expenses of $244K, and assets of $1.0M (revenue -58.1% year-over-year).
- 2013: Revenue of $352K, expenses of $323K, and assets of $1.1M (revenue +177.0% year-over-year).
- 2012: Revenue of $127K, expenses of $311K, and assets of $1.1M.
- 2011: Revenue of $-108,763, expenses of $259K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Hamlin Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Hamlin 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.