Tim And Mary Haddon Family Foundation
Tim And Mary Haddon Family Foundation's assets have declined by over 80% since 2011, indicating a spend-down strategy.
EIN: 203758042 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $311K |
| Total Expenses | $100K |
| Program Spending | 90% |
| Net Assets | $140K |
| Transparency Score | 65/100 |
Is Tim And Mary Haddon Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tim And Mary Haddon Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tim And Mary Haddon Family Foundation
Tim And Mary Haddon Family Foundation (EIN: 203758042) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $311K and total assets of $140K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tim And Mary Haddon Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tim And Mary Haddon Family Foundation is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -134.6% | +41.0% | -44.0% |
| 2021 | +69.5% | -28.8% | -14.0% |
| 2020 | +12.5% | -14.1% | -21.9% |
| 2019 | +84.6% | +86.0% | -40.2% |
| 2015 | -80.8% | +21.9% | -7.9% |
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 Tim And Mary Haddon Family Foundation with a Mission Score of 65 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Tim And Mary Haddon Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not compensated, which is a positive for a foundation of this 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 Tim And Mary Haddon Family Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade, from $729,899 in 2011 to $140,479 in 2022.
- Negative revenue reported in 2022 ($-10,463), indicating potential investment losses or significant outflows without corresponding income.
Strengths
The following positive indicators were identified for Tim And Mary Haddon Family Foundation:
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Consistently low liabilities ($1), suggesting sound financial management regarding debt.
- Long history of IRS 990 filings (9 filings), indicating transparency and compliance.
Frequently Asked Questions about Tim And Mary Haddon Family Foundation
Is Tim And Mary Haddon Family Foundation a legitimate charity?
Tim And Mary Haddon Family Foundation (EIN: 203758042) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $311K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Tim And Mary Haddon Family Foundation spend its money?
Tim And Mary Haddon Family Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Tim And Mary Haddon Family Foundation tax-deductible?
Tim And Mary Haddon Family Foundation is registered as a tax-exempt nonprofit (EIN: 203758042). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tim And Mary Haddon Family Foundation's spending goes to programs?
Tim And Mary Haddon Family Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tim And Mary Haddon Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Tim And Mary Haddon Family 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 Tim And Mary Haddon Family Foundation located?
Tim And Mary Haddon Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 203758042. It is classified under NTEE code T22.
How many years of IRS 990 filings does Tim And Mary Haddon Family Foundation have?
Tim And Mary Haddon Family Foundation has 9 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 $311K in total revenue.
What is the foundation's long-term strategy given the consistent decline in assets?
The consistent decline in assets from $729,899 in 2011 to $140,479 in 2022 suggests a spend-down strategy, where the foundation intends to disburse its entire endowment over time rather than maintain it in perpetuity.
What specific programs or organizations does the foundation support?
The provided data does not detail specific programs or recipient organizations. A deeper dive into the full 990 forms would be necessary to identify the beneficiaries of their grants.
How does the foundation generate its revenue, especially given the negative revenue in 2022?
Revenue for foundations typically comes from investment income, contributions, or asset sales. The negative revenue in 2022 ($-10,463) could be due to investment losses or significant asset write-downs exceeding any gains or contributions for that period.
Filing History
IRS 990 filing history for Tim And Mary Haddon Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Tim And Mary Haddon Family Foundation's revenue has declined by 101.7%, moving from $617K to $-10,463. Total assets decreased by 80.8% over the same period, from $730K to $140K. Total functional expenses rose by 17.8%, from $85K to $100K. The organization holds $1 in liabilities against $140K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $140K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $-10,463 | $100K | $140K | $1 | — | View 990 |
| 2021 | $30K | $71K | $251K | $1 | — | — |
| 2020 | $18K | $100K | $292K | $1 | — | — |
| 2019 | $16K | $116K | $374K | $1 | — | View 990 |
| 2015 | $9K | $62K | $625K | $1 | — | View 990 |
| 2014 | $45K | $51K | $679K | $1 | — | View 990 |
| 2013 | $38K | $66K | $686K | $1 | — | View 990 |
| 2012 | $47K | $63K | $714K | $1 | — | View 990 |
| 2011 | $617K | $85K | $730K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $-10,463, expenses of $100K, and assets of $140K (revenue -134.6% year-over-year).
- 2021: Revenue of $30K, expenses of $71K, and assets of $251K (revenue +69.5% year-over-year).
- 2020: Revenue of $18K, expenses of $100K, and assets of $292K (revenue +12.5% year-over-year).
- 2019: Revenue of $16K, expenses of $116K, and assets of $374K (revenue +84.6% year-over-year).
- 2015: Revenue of $9K, expenses of $62K, and assets of $625K (revenue -80.8% year-over-year).
- 2014: Revenue of $45K, expenses of $51K, and assets of $679K (revenue +18.6% year-over-year).
- 2013: Revenue of $38K, expenses of $66K, and assets of $686K (revenue -20.0% year-over-year).
- 2012: Revenue of $47K, expenses of $63K, and assets of $714K (revenue -92.4% year-over-year).
- 2011: Revenue of $617K, expenses of $85K, and assets of $730K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tim And Mary Haddon Family Foundation:
Data Sources and Methodology
This transparency report for Tim And Mary Haddon Family 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.