Herbert W Hoover Foundation 06881-005
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Herbert W Hoover Foundation 06881-005 is a 501(c)(3) organization based in Brooklyn, Ohio, registered in 1972, with $5,615,213 in FY2024 revenue. CharityIndex grades it B.
4900 Tiedeman Rd, Brooklyn, OH, 44144 EIN 34-6905388 Since 1972
Revenue (FY2024)
$5.6M
▲ 195.1% vs prior year
Expenses (FY2024)
$2.1M
Net assets
$23.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Herbert W Hoover Foundation 06881-005— 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 rating134 mo reserves · +63% 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 Herbert W Hoover Foundation 06881-005: 134 mo reserves · +63% 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 Herbert W Hoover Foundation 06881-005— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Herbert W Hoover Foundation 06881-005: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $1.0M (FY2019) to $5.6M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $23.4M
Operating margin
62.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$23.4M
Total liabilities
$0
Net assets
$23.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,615,213▲195% | $2,094,194▲19.9% | $23,448,532▲17.7% | $23,448,532▲17.7% | 990PF |
| 2023 | $1,902,749▲227% | $1,746,003▲4.4% | $19,922,793▲1.1% | $19,922,793▲1.1% | 990PF |
| 2022 | $581,810▼48.0% | $1,671,943▲38.6% | $19,712,056▼5.2% | $19,712,056▼5.2% | 990PF |
| 2021 | $1,117,973▲174% | $1,205,937▲45.5% | $20,795,401▼0.6% | $20,795,401▼0.6% | 990PF |
| 2020 | $408,278▼60.2% | $828,909▼32.0% | $20,920,541▼1.5% | $20,920,541▼1.5% | 990PF |
| 2019 | $1,026,066 | $1,219,733 | $21,248,582 | $21,248,582 | 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 Herbert W Hoover Foundation 06881-005 a legitimate nonprofit?
- Yes. Herbert W Hoover Foundation 06881-005 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-6905388, based in Brooklyn, Ohio. Donations are tax-deductible.
- What is Herbert W Hoover Foundation 06881-005's EIN?
- Herbert W Hoover Foundation 06881-005's Employer Identification Number (EIN) is 34-6905388.
- How much revenue does Herbert W Hoover Foundation 06881-005 report?
- Herbert W Hoover Foundation 06881-005 reported $5,615,213 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Herbert W Hoover Foundation 06881-005 have?
- CharityIndex grades Herbert W Hoover Foundation 06881-005 B, based on financial health (reserves and operating margin).
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Data for Herbert W Hoover Foundation 06881-005 (EIN 34-6905388) 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.