Mark G Hovanasian Foundation
Only null% goes to programs Strong reserves
Mark G Hovanasian Foundation is a 501(c)(3) organization based in North Andover, Massachusetts, registered in 2014, with $27,362 in FY2024 revenue. CharityIndex grades it F.
807 Turnpike Street, North Andover, MA, 01845 EIN 47-1391177 Since 2014
Revenue (FY2024)
$27K
▲ 184.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$50K
Net assets
$360K
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 Mark G Hovanasian Foundation— 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 rating87 mo reserves · -82% 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 Mark G Hovanasian Foundation: 87 mo reserves · -82% 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 Mark G Hovanasian 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 Mark G Hovanasian Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 807 Turnpike Street, North Andover, MA, 01845
- City
- North Andover
- State
- Massachusetts
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $17K (FY2019) to $27K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $360K
Operating margin
-81.7%
Spent more than it raised in the latest fiscal year.
Total assets
$360K
Total liabilities
$0
Net assets
$360K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $27,362▲184% | $49,712▼3.2% | $359,854▼5.8% | $359,854▼5.8% | 990PF |
| 2023 | -$32,576▼160% | $51,374▲69.3% | $382,204▼18.0% | $382,204▼18.0% | 990PF |
| 2022 | $54,117▲43394% | $30,338▼26.2% | $466,154▲5.4% | $466,154▲5.4% | 990PF |
| 2021 | -$125▼100% | $41,125▲11.6% | $442,375▼8.5% | $442,375▼8.5% | 990PF |
| 2020 | $61,189▲269% | $36,845▼10.5% | $483,625▲6.4% | $483,625▲6.4% | 990PF |
| 2019 | $16,562 | $41,178 | $454,448 | $454,448 | 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 Mark G Hovanasian Foundation a legitimate nonprofit?
- Yes. Mark G Hovanasian Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-1391177, based in North Andover, Massachusetts. Donations are tax-deductible.
- What is Mark G Hovanasian Foundation's EIN?
- Mark G Hovanasian Foundation's Employer Identification Number (EIN) is 47-1391177.
- How much revenue does Mark G Hovanasian Foundation report?
- Mark G Hovanasian Foundation reported $27,362 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mark G Hovanasian Foundation have?
- CharityIndex grades Mark G Hovanasian Foundation F, based on financial health (reserves and operating margin).
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Data for Mark G Hovanasian Foundation (EIN 47-1391177) 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.