The Harry And Reba Huge Foundation
The Harry And Reba Huge Foundation faces significant revenue decline and financial instability.
EIN: 203721428 · Charleston, SC · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $30K |
| Program Spending | 80% |
| Net Assets | $412K |
| Transparency Score | 60/100 |
Is The Harry And Reba Huge Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Harry And Reba Huge Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Harry And Reba Huge Foundation
The Harry And Reba Huge Foundation (EIN: 203721428) is a nonprofit organization based in Charleston, SC, classified under NTEE code B82. The organization reported total revenue of $17K and total assets of $435K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Harry And Reba Huge Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Harry And Reba Huge Foundation is a micro nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -23.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $30K |
| Surplus / Deficit | +$5K |
| Total Assets | $412K |
| Net Assets | $412K |
| Operating Margin | 15.1% |
| Months of Reserves | 164.6 months |
Financial Health Grade: A
In 2022, The Harry And Reba Huge Foundation reported a surplus of $5K with revenue exceeding expenses, holds 164.6 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), The Harry And Reba Huge Foundation's revenue has declined at a compound annual growth rate (CAGR) of -23.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -44.0% | -85.3% | +1.3% |
| 2021 | -83.6% | -71.0% | -29.2% |
| 2020 | -61.5% | -20.8% | -37.7% |
| 2019 | +13.4% | +1.9% | +18.9% |
| 2018 | +0.2% | +1.8% | +2.0% |
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 Harry And Reba Huge Foundation with a Mission Score of 60 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: 80%
- fundraising: 5%
According to IRS 990 filings, The Harry And Reba Huge Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $5K, with revenue exceeding expenses.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a nonprofit of 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 Harry And Reba Huge Foundation's IRS 990 filings:
- Significant and consistent decline in annual revenue from over $1 million to $35,380 in 2022.
- Periods of substantial deficit spending where expenses far exceeded revenue (e.g., 2021 expenses of $205,119 vs. revenue of $63,231; 2020 expenses of $706,940 vs. revenue of $384,600).
- Fluctuating asset base, with a notable decrease from $922,535 in 2019 to $412,308 in 2022, indicating potential use of reserves to cover operational shortfalls.
Strengths
The following positive indicators were identified for The Harry And Reba Huge Foundation:
- Consistent 0% officer compensation across all reported years, demonstrating highly efficient executive spending.
- Absence of liabilities in many recent years (2022, 2021, 2016, 2015, 2013), indicating good debt management.
- Historically, the foundation managed significant revenue and expenses, suggesting a capacity for larger operations if funding can be restored.
Frequently Asked Questions about The Harry And Reba Huge Foundation
Is The Harry And Reba Huge Foundation a legitimate charity?
The Harry And Reba Huge Foundation (EIN: 203721428) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 60/100. It has 12 years of IRS 990 filings on record. Total revenue: $17K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Harry And Reba Huge Foundation spend its money?
The Harry And Reba Huge Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Harry And Reba Huge Foundation tax-deductible?
The Harry And Reba Huge Foundation is registered as a tax-exempt nonprofit (EIN: 203721428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Harry And Reba Huge Foundation's spending goes to programs?
The Harry And Reba Huge Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Harry And Reba Huge Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), The Harry And Reba Huge Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Harry And Reba Huge Foundation located?
The Harry And Reba Huge Foundation is headquartered in Charleston, South Carolina and files with the IRS under EIN 203721428. It is classified under NTEE code B82.
How many years of IRS 990 filings does The Harry And Reba Huge Foundation have?
The Harry And Reba Huge Foundation has 12 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 $17K in total revenue.
Is The Harry And Reba Huge Foundation a good charity?
The foundation has a mixed financial picture. While it demonstrates excellent executive compensation efficiency (0% officer compensation), its significant decline in revenue from over $1 million in prior years to $35,380 in 2022, coupled with periods of deficit spending, raises concerns about its current operational capacity and long-term sustainability. Its effectiveness depends on its ability to reverse these financial trends.
What caused the dramatic drop in revenue for the foundation?
The provided data does not specify the exact causes for the dramatic drop in revenue from nearly $1 million in 2019 to $35,380 in 2022. This could be due to a loss of major donors, changes in fundraising strategies, or a shift in the foundation's operational model. Further investigation into their fundraising activities and donor base would be necessary.
How does the foundation manage its expenses given the revenue decline?
In 2022, the foundation's expenses ($30,050) were less than its revenue ($35,380), indicating it operated within its means for that year. However, in 2021 and 2020, expenses significantly exceeded revenue, suggesting it drew from assets or prior reserves during those periods. The foundation's ability to manage expenses effectively will be critical for its future given the reduced income.
Filing History
IRS 990 filing history for The Harry And Reba Huge Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), The Harry And Reba Huge Foundation's revenue has declined by 94.8%, moving from $675K to $35K. Total assets decreased by 64.6% over the same period, from $1.2M to $412K. Total functional expenses fell by 95.5%, from $670K to $30K. In its most recent filing year (2022), The Harry And Reba Huge Foundation reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $35K | $30K | $412K | $0 | — | View 990 |
| 2021 | $63K | $205K | $407K | $0 | — | View 990 |
| 2020 | $385K | $707K | $575K | $26K | — | — |
| 2019 | $1000K | $893K | $923K | $51K | — | View 990 |
| 2018 | $882K | $876K | $776K | $12K | — | View 990 |
| 2017 | $881K | $861K | $761K | $3K | — | View 990 |
| 2016 | $1.1M | $999K | $738K | $0 | — | View 990 |
| 2015 | $1.4M | $1.3M | $659K | $0 | — | View 990 |
| 2014 | $970K | $704K | $631K | $1 | — | View 990 |
| 2013 | $1.1M | $1.1M | $366K | $0 | — | View 990 |
| 2012 | $981K | $854K | $1.5M | $125K | — | View 990 |
| 2011 | $675K | $670K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $35K, expenses of $30K, and assets of $412K (revenue -44.0% year-over-year).
- 2021: Revenue of $63K, expenses of $205K, and assets of $407K (revenue -83.6% year-over-year).
- 2020: Revenue of $385K, expenses of $707K, and assets of $575K (revenue -61.5% year-over-year).
- 2019: Revenue of $1000K, expenses of $893K, and assets of $923K (revenue +13.4% year-over-year).
- 2018: Revenue of $882K, expenses of $876K, and assets of $776K (revenue +0.2% year-over-year).
- 2017: Revenue of $881K, expenses of $861K, and assets of $761K (revenue -18.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $999K, and assets of $738K (revenue -20.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $659K (revenue +39.7% year-over-year).
- 2014: Revenue of $970K, expenses of $704K, and assets of $631K (revenue -9.1% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $366K (revenue +8.8% year-over-year).
- 2012: Revenue of $981K, expenses of $854K, and assets of $1.5M (revenue +45.4% year-over-year).
- 2011: Revenue of $675K, expenses of $670K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Harry And Reba Huge Foundation:
Data Sources and Methodology
This transparency report for The Harry And Reba Huge Foundation 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.