The@Henry S And Patrice Hemingway Foundation
Hemingway Foundation shows volatile revenue and declining assets, with no officer compensation reported.
EIN: 202056179 · Salt Lake Cty, UT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $50K |
| Program Spending | 80% |
| Net Assets | $177K |
| Transparency Score | 70/100 |
Is The@Henry S And Patrice Hemingway Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The@Henry S And Patrice Hemingway Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The@Henry S And Patrice Hemingway Foundation
The@Henry S And Patrice Hemingway Foundation (EIN: 202056179) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T22. The organization reported total revenue of $26K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The@Henry S And Patrice Hemingway Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The@Henry S And Patrice Hemingway Foundation is a micro 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 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $50K |
| Surplus / Deficit | +$53K |
| Total Assets | $177K |
| Total Liabilities | $1 |
| Net Assets | $177K |
| Operating Margin | 51.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 42.4 months |
Financial Health Grade: A
In 2023, The@Henry S And Patrice Hemingway Foundation reported a surplus of $53K with revenue exceeding expenses, holds 42.4 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@Henry S And Patrice Hemingway Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -187.0% | -78.0% | -19.5% |
| 2020 | -740.7% | -88.7% | -24.9% |
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@Henry S And Patrice Hemingway Foundation 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: 80%
- fundraising: 5%
According to IRS 990 filings, The@Henry S And Patrice Hemingway 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $53K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for financial efficiency.
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@Henry S And Patrice Hemingway Foundation's IRS 990 filings:
- Highly volatile revenue, including multiple periods of negative revenue (e.g., $-17,921 in 2022, $-55,269 in 2020).
- Significant long-term decline in assets from $433,056 in 2014 to $79,486 currently.
- Inconsistent expense levels without detailed breakdown to assess program efficiency.
Strengths
The following positive indicators were identified for The@Henry S And Patrice Hemingway Foundation:
- Consistently reports 0% officer compensation, indicating no executive pay.
- Maintains minimal liabilities ($1 or $0) across all reported periods.
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Frequently Asked Questions about The@Henry S And Patrice Hemingway Foundation
Is The@Henry S And Patrice Hemingway Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The@Henry S And Patrice Hemingway Foundation (EIN: 202056179) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does The@Henry S And Patrice Hemingway Foundation spend its money?
The@Henry S And Patrice Hemingway Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The@Henry S And Patrice Hemingway Foundation tax-deductible?
The@Henry S And Patrice Hemingway Foundation is registered as a tax-exempt nonprofit (EIN: 202056179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The@Henry S And Patrice Hemingway Foundation's spending goes to programs?
The@Henry S And Patrice Hemingway Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The@Henry S And Patrice Hemingway Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), The@Henry S And Patrice Hemingway Foundation 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@Henry S And Patrice Hemingway Foundation located?
The@Henry S And Patrice Hemingway Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 202056179. It is classified under NTEE code T22.
How many years of IRS 990 filings does The@Henry S And Patrice Hemingway Foundation have?
The@Henry S And Patrice Hemingway Foundation 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.
Is The Henry S And Patrice Hemingway Foundation financially stable?
The foundation's financial stability is questionable due to highly volatile revenue, including several periods of negative revenue, and a long-term trend of declining assets from $433,056 in 2014 to $79,486 currently.
How does the foundation manage its expenses?
Expense management varies significantly, with total expenses ranging from $7,534 in 2020 to $103,025 in 2012. Without a detailed breakdown of expenses, it's difficult to assess the efficiency of program vs. administrative spending.
What is the trend in the foundation's assets?
The foundation's assets have shown a significant long-term decline, from a high of $433,056 in 2014 to $79,486 in the latest filing, suggesting either substantial grantmaking or investment losses.
Does the foundation pay its executives?
No, the foundation consistently reports 0% officer compensation in all available filings, indicating that executives are not compensated.
Filing History
IRS 990 filing history for The@Henry S And Patrice Hemingway Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The@Henry S And Patrice Hemingway Foundation's revenue has grown by 140%, moving from $43K to $103K. Total assets increased by 1.7% over the same period, from $174K to $177K. Total functional expenses fell by 47.3%, from $95K to $50K. In its most recent filing year (2023), The@Henry S And Patrice Hemingway Foundation reported a surplus of $53K, with revenue exceeding expenses. The organization holds $1 in liabilities against $177K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $177K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $50K | $177K | $1 | — | — |
| 2022 | $-17,921 | $12K | $124K | $1 | — | View 990 |
| 2021 | $21K | $55K | $155K | $1 | — | View 990 |
| 2020 | $-55,269 | $8K | $189K | $1 | — | — |
| 2019 | $9K | $67K | $252K | $1 | — | — |
| 2015 | $-6,429 | $67K | $360K | $1 | — | View 990 |
| 2014 | $252K | $63K | $433K | $1 | — | View 990 |
| 2013 | $236K | $65K | $244K | $1 | — | View 990 |
| 2012 | $2K | $103K | $73K | $0 | — | View 990 |
| 2011 | $43K | $95K | $174K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $50K, and assets of $177K.
- 2022: Revenue of $-17,921, expenses of $12K, and assets of $124K (revenue -187.0% year-over-year).
- 2021: Revenue of $21K, expenses of $55K, and assets of $155K.
- 2020: Revenue of $-55,269, expenses of $8K, and assets of $189K (revenue -740.7% year-over-year).
- 2019: Revenue of $9K, expenses of $67K, and assets of $252K.
- 2015: Revenue of $-6,429, expenses of $67K, and assets of $360K (revenue -102.6% year-over-year).
- 2014: Revenue of $252K, expenses of $63K, and assets of $433K (revenue +6.8% year-over-year).
- 2013: Revenue of $236K, expenses of $65K, and assets of $244K (revenue +10192.9% year-over-year).
- 2012: Revenue of $2K, expenses of $103K, and assets of $73K (revenue -94.6% year-over-year).
- 2011: Revenue of $43K, expenses of $95K, and assets of $174K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The@Henry S And Patrice Hemingway Foundation:
Data Sources and Methodology
This transparency report for The@Henry S And Patrice Hemingway 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.