August J & Thelma S Hoffman Foundation
Only null% goes to programs Strong reserves Growing revenue
August J & Thelma S Hoffman Foundation is a 501(c)(3) organization based in Wheeling, West Virginia, registered in 1999, with $1,053,183 in FY2024 revenue. CharityIndex grades it C+.
83 Edgington Ln, Wheeling, WV, 26003 EIN 55-0769742 Since 1999
Revenue (FY2024)
$1.1M
▲ 373.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$480K
Net assets
$5.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for August J & Thelma S Hoffman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating135 mo reserves · +54% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For August J & Thelma S Hoffman Foundation: 135 mo reserves · +54% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for August J & Thelma S Hoffman Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For August J & Thelma S Hoffman Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 83 Edgington Ln, Wheeling, WV, 26003
- City
- Wheeling
- State
- West Virginia
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $255K (FY2013) to $1.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $5.4M
Operating margin
54.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.4M
Total liabilities
$0
Net assets
$5.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,053,183▲373% | $479,854▼2.2% | $5,381,984▲11.9% | $5,381,984▲11.9% | 990PF |
| 2023 | $222,458▼24.2% | $490,594▼4.3% | $4,808,655▼5.3% | $4,808,655▼5.3% | 990PF |
| 2022 | $293,495▼33.0% | $512,496▲19.9% | $5,076,804▼4.1% | $5,076,804▼4.1% | 990PF |
| 2021 | $438,114▲14.9% | $427,464▼6.2% | $5,295,805▲0.2% | $5,295,805▲0.2% | 990PF |
| 2020 | $381,441▼10.7% | $455,926▲0.4% | $5,285,155▼1.4% | $5,285,155▼1.4% | 990PF |
| 2019 | $427,121▼41.5% | $454,036▲7.2% | $5,359,640▼0.5% | $5,359,640▼0.5% | 990PF |
| 2018 | $730,143▲905% | $423,600▲8.4% | $5,386,555▲6.0% | $5,386,555▲6.0% | 990PF |
| 2017 | $72,673▼71.9% | $390,711▼4.7% | $5,080,012▼5.9% | $5,080,012▼5.9% | 990PF |
| 2016 | $258,502▲79.8% | $409,980▲1.0% | $5,398,050▼2.7% | $5,398,050▼2.7% | 990PF |
| 2015 | $143,761▼63.0% | $405,740▲9.2% | $5,549,528▼4.5% | $5,549,528▼4.5% | 990PF |
| 2014 | $388,355▲52.5% | $371,704▲8.5% | $5,811,507▲0.3% | $5,811,507▲0.3% | 990PF |
| 2013 | $254,655 | $342,469▼1.5% | $5,794,856▼1.5% | $5,794,856▼1.5% | 990PF |
| 2012 | — | $347,633▲5.1% | $5,882,670▼4.0% | $5,882,670▼4.0% | 990PF |
| 2011 | — | $330,899▲11.6% | $6,127,591▼4.1% | $6,127,591▼4.1% | 990PF |
| 2010 | — | $296,633 | $6,390,343 | $6,390,343 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Similar organizations in Philanthropy
Compare August J & Thelma S Hoffman Foundation
Frequently asked questions
- Is August J & Thelma S Hoffman Foundation a legitimate nonprofit?
- Yes. August J & Thelma S Hoffman Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 55-0769742, based in Wheeling, West Virginia. Donations are tax-deductible.
- What is August J & Thelma S Hoffman Foundation's EIN?
- August J & Thelma S Hoffman Foundation's Employer Identification Number (EIN) is 55-0769742.
- How much revenue does August J & Thelma S Hoffman Foundation report?
- August J & Thelma S Hoffman Foundation reported $1,053,183 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does August J & Thelma S Hoffman Foundation have?
- CharityIndex grades August J & Thelma S Hoffman Foundation C+, based on financial health (reserves and operating margin).
More nonprofits in Wheeling
Explore more
Data for August J & Thelma S Hoffman Foundation (EIN 55-0769742) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.