The Ho Hing Dai Family Foundation Inc
Ho Hing Dai Family Foundation maintains stable assets with zero officer compensation despite fluctuating annual revenues.
EIN: 203744470 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is The Ho Hing Dai 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 Ho Hing Dai Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ho Hing Dai Family Foundation Inc
The Ho Hing Dai Family Foundation Inc (EIN: 203744470) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $602K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ho Hing Dai Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ho Hing Dai Family Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -123.5% | -10.0% | -7.7% |
| 2022 | -57.5% | +4.4% | -2.3% |
| 2021 | +39.1% | +5.0% | +4.7% |
| 2020 | +23.0% | +3.3% | +1.7% |
| 2019 | +157.9% | +7.6% | +8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Ho Hing Dai Family Foundation Inc with a Mission Score of 90 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, The Ho Hing Dai 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 (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership is entirely volunteer-based, which is highly efficient for an organization with assets over $1.6 million.
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 Ho Hing Dai Family Foundation Inc's IRS 990 filings:
- Negative revenue reported in 2023 (-$20,738), requiring further investigation into its cause.
Strengths
The following positive indicators were identified for The Ho Hing Dai Family Foundation Inc:
- Consistent zero officer compensation across all reported periods, indicating high efficiency and volunteer leadership.
- Stable asset base, consistently above $1.5 million, demonstrating financial resilience.
- Minimal liabilities ($1 across all periods), indicating strong financial management and low debt.
- Consistent IRS 990 filing history, showing good transparency and compliance.
Frequently Asked Questions about The Ho Hing Dai Family Foundation Inc
Is The Ho Hing Dai Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Ho Hing Dai Family Foundation Inc (EIN: 203744470) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does The Ho Hing Dai Family Foundation Inc spend its money?
The Ho Hing Dai Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Ho Hing Dai Family Foundation Inc tax-deductible?
The Ho Hing Dai Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203744470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Ho Hing Dai Family Foundation Inc. a good charity?
Based on the provided data, the foundation demonstrates strong financial health, consistent asset levels, and excellent spending efficiency with 0% officer compensation. Its consistent IRS 990 filings also indicate good transparency. These factors suggest it is a well-managed entity.
What caused the negative revenue in 2023?
The negative revenue of $-20,738 in 2023 could be attributed to investment losses, significant returns of prior year grants, or specific accounting adjustments. Without further detail from the full 990, it's difficult to pinpoint the exact cause, but it does not appear to have significantly impacted the foundation's overall asset base.
How does the foundation manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation is either run by unpaid volunteers, or its operational structure is such that all administrative functions are covered by non-officer staff or outsourced services, or that the officers are compensated through other means not reported as direct compensation on the 990 (less likely for a private foundation).
Filing History
IRS 990 filing history for The Ho Hing Dai Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Ho Hing Dai Family Foundation Inc's revenue has declined by 117.4%, moving from $119K to $-20,738. Total assets increased by 8.6% over the same period, from $1.5M to $1.7M. Total functional expenses rose by 26.2%, from $94K to $118K. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-20,738 | $118K | $1.7M | $1 | — | View 990 |
| 2022 | $88K | $131K | $1.8M | $1 | — | View 990 |
| 2021 | $208K | $126K | $1.8M | $1 | — | View 990 |
| 2020 | $150K | $120K | $1.8M | $1 | — | View 990 |
| 2019 | $122K | $116K | $1.7M | $1 | — | View 990 |
| 2015 | $47K | $108K | $1.6M | $1 | — | View 990 |
| 2014 | $110K | $105K | $1.7M | $1 | — | View 990 |
| 2013 | $210K | $101K | $1.6M | $1 | — | View 990 |
| 2012 | $105K | $95K | $1.5M | $1 | — | View 990 |
| 2011 | $119K | $94K | $1.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-20,738, expenses of $118K, and assets of $1.7M (revenue -123.5% year-over-year).
- 2022: Revenue of $88K, expenses of $131K, and assets of $1.8M (revenue -57.5% year-over-year).
- 2021: Revenue of $208K, expenses of $126K, and assets of $1.8M (revenue +39.1% year-over-year).
- 2020: Revenue of $150K, expenses of $120K, and assets of $1.8M (revenue +23.0% year-over-year).
- 2019: Revenue of $122K, expenses of $116K, and assets of $1.7M (revenue +157.9% year-over-year).
- 2015: Revenue of $47K, expenses of $108K, and assets of $1.6M (revenue -57.1% year-over-year).
- 2014: Revenue of $110K, expenses of $105K, and assets of $1.7M (revenue -47.7% year-over-year).
- 2013: Revenue of $210K, expenses of $101K, and assets of $1.6M (revenue +99.8% year-over-year).
- 2012: Revenue of $105K, expenses of $95K, and assets of $1.5M (revenue -11.5% year-over-year).
- 2011: Revenue of $119K, expenses of $94K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ho Hing Dai Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Ho Hing Dai 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.