Dr Mike & Patricia Hanley Charitable Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Dr Mike & Patricia Hanley Charitable Foundation Inc is a 501(c)(3) organization based in Bullard, Texas, registered in 2014, with $209,817 in FY2024 revenue. CharityIndex grades it F.
21127 Memory Ln, Bullard, TX, 75757 EIN 46-1430835 Since 2014
Revenue (FY2024)
$210K
▼ 38.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$343K
Net assets
$4.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Dr Mike & Patricia Hanley Charitable Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating165 mo reserves · -64% 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 Dr Mike & Patricia Hanley Charitable Foundation Inc: 165 mo reserves · -64% margin earns a F 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 Dr Mike & Patricia Hanley Charitable Foundation Inc— 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 Dr Mike & Patricia Hanley Charitable Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 21127 Memory Ln, Bullard, TX, 75757
- City
- Bullard
- State
- Texas
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $140K (FY2016) to $210K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $4.7M
Operating margin
-63.6%
Spent more than it raised in the latest fiscal year.
Total assets
$4.7M
Total liabilities
$0
Net assets
$4.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $209,817▼38.1% | $343,285▼1.5% | $4,720,600▼2.7% | $4,720,600▼2.7% | 990PF |
| 2023 | $338,705▲146% | $348,537▼8.9% | $4,854,068▼0.2% | $4,854,068▼0.2% | 990PF |
| 2022 | $137,827▲22.7% | $382,757▲9.4% | $4,863,900▼4.8% | $4,863,900▼4.8% | 990PF |
| 2021 | $112,363▲37.1% | $349,905▲3.5% | $5,108,830▼4.4% | $5,108,830▼4.4% | 990PF |
| 2020 | $81,970▼67.9% | $337,961▼15.4% | $5,346,372▼4.6% | $5,346,372▼4.6% | 990PF |
| 2019 | $255,124▲185% | $399,623▲5.6% | $5,602,363▼2.5% | $5,602,363▼2.5% | 990PF |
| 2018 | $89,587▼67.2% | $378,337▲6.7% | $5,746,862▼4.8% | $5,746,862▼4.8% | 990PF |
| 2017 | $273,206▲94.6% | $354,538▼3.9% | $6,035,612▼1.3% | $6,035,612▼1.3% | 990PF |
| 2016 | $140,388 | $368,953 | $6,116,944 | $6,116,944 | 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.
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Frequently asked questions
- Is Dr Mike & Patricia Hanley Charitable Foundation Inc a legitimate nonprofit?
- Yes. Dr Mike & Patricia Hanley Charitable Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-1430835, based in Bullard, Texas. Donations are tax-deductible.
- What is Dr Mike & Patricia Hanley Charitable Foundation Inc's EIN?
- Dr Mike & Patricia Hanley Charitable Foundation Inc's Employer Identification Number (EIN) is 46-1430835.
- How much revenue does Dr Mike & Patricia Hanley Charitable Foundation Inc report?
- Dr Mike & Patricia Hanley Charitable Foundation Inc reported $209,817 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Dr Mike & Patricia Hanley Charitable Foundation Inc have?
- CharityIndex grades Dr Mike & Patricia Hanley Charitable Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Dr Mike & Patricia Hanley Charitable Foundation Inc (EIN 46-1430835) 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.