George W & Anne A Hoover College Student Loan Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
George W & Anne A Hoover College Student Loan Fund is a 501(c)(3) organization based in State College, Pennsylvania, registered in 1979, with $93,710 in FY2024 revenue. CharityIndex grades it C+.
117 S Allen St, State College, PA, 16801 EIN 23-2078823 Since 1979
Revenue (FY2024)
$94K
▲ 140.7% vs prior year
Expenses (FY2024)
$55K
Net assets
$956K
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 George W & Anne A Hoover College Student Loan Fund— 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 rating208 mo reserves · +41% 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 George W & Anne A Hoover College Student Loan Fund: 208 mo reserves · +41% 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 George W & Anne A Hoover College Student Loan Fund— 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 George W & Anne A Hoover College Student Loan Fund: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 117 S Allen St, State College, PA, 16801
- City
- State College
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $70K (FY2013) to $94K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $956K
Operating margin
41.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$956K
Total liabilities
$0
Net assets
$956K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $93,710▲141% | $55,048▼7.0% | $956,421▲4.2% | $956,421▲4.2% | 990PF |
| 2023 | $38,934▲418% | $59,204▲315% | $917,837▼2.2% | $917,837▼2.2% | 990PF |
| 2022 | -$12,239▼103% | $14,253▼83.9% | $938,107▼2.7% | $938,107▼2.7% | 990PF |
| 2021 | $364,341▲866% | $88,699▲30.5% | $964,599▲40.0% | $964,599▲40.0% | 990PF |
| 2020 | $37,732▼13.6% | $67,956▲50.4% | $689,081▼4.2% | $689,081▼4.2% | 990PF |
| 2019 | $43,681▲24.5% | $45,174▲0.4% | $719,255▼0.2% | $719,255▼0.2% | 990PF |
| 2018 | $35,074▲7.1% | $44,974▲5.1% | $720,831▼1.3% | $720,831▼1.3% | 990PF |
| 2017 | $32,762▲32.6% | $42,786▲9.8% | $730,476▼1.4% | $730,476▼1.4% | 990PF |
| 2016 | $24,705▼28.8% | $38,973▼10.0% | $740,500▼1.9% | $740,500▼1.9% | 990PF |
| 2015 | $34,717▲17.9% | $43,281▲11.6% | $754,768▼1.1% | $754,768▼1.1% | 990PF |
| 2014 | $29,449▼58.2% | $38,765▲45.3% | $763,332▼1.2% | $763,332▼1.2% | 990PF |
| 2013 | $70,392 | $26,673▼38.9% | $772,648▲6.0% | $772,648▲6.0% | 990PF |
| 2012 | — | $43,636▼38.6% | $728,929▼1.2% | $728,929▼1.2% | 990PF |
| 2011 | — | $71,017▼47.8% | $737,629▼4.6% | $737,629▼4.6% | 990PF |
| 2010 | — | $136,153 | $773,293 | $773,293 | 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.
Frequently asked questions
- Is George W & Anne A Hoover College Student Loan Fund a legitimate nonprofit?
- Yes. George W & Anne A Hoover College Student Loan Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-2078823, based in State College, Pennsylvania. Donations are tax-deductible.
- What is George W & Anne A Hoover College Student Loan Fund's EIN?
- George W & Anne A Hoover College Student Loan Fund's Employer Identification Number (EIN) is 23-2078823.
- How much revenue does George W & Anne A Hoover College Student Loan Fund report?
- George W & Anne A Hoover College Student Loan Fund reported $93,710 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does George W & Anne A Hoover College Student Loan Fund have?
- CharityIndex grades George W & Anne A Hoover College Student Loan Fund C+, based on financial health (reserves and operating margin).
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Data for George W & Anne A Hoover College Student Loan Fund (EIN 23-2078823) 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.