Yedidei Hagan Inc
Yedidei Hagan Inc: Declining Revenue, High Administrative Costs, and Transparency Concerns
EIN: 222510850 · New Haven, CT · NTEE: B24Z · Updated: 2026-04-04
Is Yedidei Hagan Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yedidei Hagan Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Yedidei Hagan Inc
Yedidei Hagan Inc (EIN: 222510850) is a nonprofit organization based in New Haven, CT, classified under NTEE code B24Z. The organization reported total revenue of $396K and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yedidei Hagan Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yedidei Hagan Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $178K |
| Surplus / Deficit | +$19K |
| Total Assets | $274K |
| Total Liabilities | $2K |
| Net Assets | $272K |
| Operating Margin | 9.9% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2023, Yedidei Hagan Inc reported a surplus of $19K with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2010–2023), Yedidei Hagan Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.7% | +16.1% | +7.8% |
| 2020 | -100.0% | -100.0% | -3.7% |
| 2019 | +29.1% | +0.4% | +8.8% |
| 2018 | -34.9% | -29.3% | -18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Yedidei Hagan Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Yedidei Hagan Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures are reported in the available financial filings.
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 Yedidei Hagan Inc's IRS 990 filings:
- Significant and consistent decline in revenue over the past five years, from $545,141 in 2019 to $197,000 in 2023.
- Lack of reported executive compensation in all available filings raises transparency concerns.
- A year with zero reported revenue and expenses (2020) without clear explanation.
- High administrative costs relative to program spending, especially given the declining revenue.
Strengths
The following positive indicators were identified for Yedidei Hagan Inc:
- Maintains a positive asset balance, with $273,627 in assets as of 2023.
- Low reported liabilities ($1,603 in 2023) indicate minimal debt.
Frequently Asked Questions about Yedidei Hagan Inc
Is Yedidei Hagan Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Yedidei Hagan Inc (EIN: 222510850) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Yedidei Hagan Inc spend its money?
Yedidei Hagan Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Yedidei Hagan Inc tax-deductible?
Yedidei Hagan Inc is registered as a tax-exempt nonprofit (EIN: 222510850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Yedidei Hagan Inc do?
Yedidei Hagan Inc is a nonprofit organization in the Education sector, located in New Haven, Connecticut. It is classified under NTEE code B24Z.
How much revenue does Yedidei Hagan Inc have?
Yedidei Hagan Inc reported total revenue of $395,678. Based on 13 IRS 990 filings on record.
What are Yedidei Hagan Inc's total assets?
Yedidei Hagan Inc holds total assets of $343,534 as reported in IRS 990 filings.
Where is Yedidei Hagan Inc located?
Yedidei Hagan Inc is based in New Haven, Connecticut.
What is Yedidei Hagan Inc's EIN?
Yedidei Hagan Inc's Employer Identification Number (EIN) is 222510850. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Yedidei Hagan Inc?
Yedidei Hagan Inc is classified under NTEE code B24Z (Education).
Is Yedidei Hagan Inc a registered 501(c)(3)?
Yes, Yedidei Hagan Inc is recognized as a tax-exempt organization by the IRS. EIN: 222510850.
Does Yedidei Hagan Inc file IRS Form 990?
Yes, Yedidei Hagan Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Yedidei Hagan Inc's revenue in 2023?
In the 202312 filing period, Yedidei Hagan Inc reported total revenue of $197,000, total expenses of $177,501, and net assets of $273,627.
Is Yedidei Hagan Inc's revenue growing or declining?
Yedidei Hagan Inc's revenue is growing. Revenue went from $148,437 (202212) to $197,000 (202312), a +32.7% change. Based on 13 filings on record.
What is Yedidei Hagan Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Yedidei Hagan Inc covers tax period 202312. It shows revenue of $197,000, expenses of $177,501, total assets of $273,627, and liabilities of $1,603.
How much does Yedidei Hagan Inc spend on programs vs administration?
Based on IRS 990 analysis, Yedidei Hagan Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Yedidei Hagan Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Yedidei Hagan Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 2 strengths noted.
What are the red flags for Yedidei Hagan Inc?
The following concerns were identified: Significant and consistent decline in revenue over the past five years, from $545,141 in 2019 to $197,000 in 2023.. Lack of reported executive compensation in all available filings raises transparency concerns.. A year with zero reported revenue and expenses (2020) without clear explanation.. High administrative costs relative to program spending, especially given the declining revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Yedidei Hagan Inc's strengths?
Positive indicators for Yedidei Hagan Inc include: Maintains a positive asset balance, with $273,627 in assets as of 2023.. Low reported liabilities ($1,603 in 2023) indicate minimal debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Yedidei Hagan Inc compensate executives?
Executive compensation cannot be assessed as no compensation figures are reported in the available financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the dramatic drop in reported revenue from $545,141 in 2019 to $0 in 2020, and how did the organization sustain operations during that period?
The filings show a sudden drop to $0 revenue and expenses in 2020, followed by a partial recovery. Without further information, it's unclear how the organization managed this period or if there was a reporting anomaly.
Given the consistent decline in revenue, what strategies are being implemented to ensure the long-term financial sustainability of Yedidei Hagan Inc?
The trend of decreasing revenue from $545,141 in 2019 to $197,000 in 2023 suggests a need for a clear strategy to reverse this trend and secure future funding.
Filing History
IRS 990 filing history for Yedidei Hagan Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Yedidei Hagan Inc's revenue has declined by 67.8%, moving from $612K to $197K. Total assets decreased by 45.5% over the same period, from $502K to $274K. Total functional expenses fell by 69.1%, from $575K to $178K. In its most recent filing year (2023), Yedidei Hagan Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $2K in liabilities against $274K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $272K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $178K | $274K | $2K | — | — |
| 2022 | $148K | $153K | $254K | $1K | — | View 990 |
| 2020 | $0 | $0 | $373K | $0 | — | View 990 |
| 2019 | $545K | $493K | $388K | $0 | — | View 990 |
| 2018 | $422K | $491K | $357K | $0 | — | View 990 |
| 2017 | $648K | $695K | $436K | $0 | — | View 990 |
| 2016 | $550K | $561K | $483K | $0 | — | View 990 |
| 2015 | $552K | $585K | $493K | $0 | — | View 990 |
| 2014 | $581K | $496K | $527K | $0 | — | View 990 |
| 2013 | $456K | $462K | $442K | $0 | — | View 990 |
| 2012 | $555K | $575K | $448K | $0 | — | View 990 |
| 2011 | $350K | $385K | $468K | $1K | — | View 990 |
| 2010 | $612K | $575K | $502K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $178K, and assets of $274K (revenue +32.7% year-over-year).
- 2022: Revenue of $148K, expenses of $153K, and assets of $254K.
- 2020: Revenue of $0, expenses of $0, and assets of $373K (revenue -100.0% year-over-year).
- 2019: Revenue of $545K, expenses of $493K, and assets of $388K (revenue +29.1% year-over-year).
- 2018: Revenue of $422K, expenses of $491K, and assets of $357K (revenue -34.9% year-over-year).
- 2017: Revenue of $648K, expenses of $695K, and assets of $436K (revenue +18.0% year-over-year).
- 2016: Revenue of $550K, expenses of $561K, and assets of $483K (revenue -0.3% year-over-year).
- 2015: Revenue of $552K, expenses of $585K, and assets of $493K (revenue -5.1% year-over-year).
- 2014: Revenue of $581K, expenses of $496K, and assets of $527K (revenue +27.3% year-over-year).
- 2013: Revenue of $456K, expenses of $462K, and assets of $442K (revenue -17.8% year-over-year).
- 2012: Revenue of $555K, expenses of $575K, and assets of $448K (revenue +58.6% year-over-year).
- 2011: Revenue of $350K, expenses of $385K, and assets of $468K (revenue -42.9% year-over-year).
- 2010: Revenue of $612K, expenses of $575K, and assets of $502K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yedidei Hagan Inc:
Data Sources and Methodology
This transparency report for Yedidei Hagan 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.