Ray & Peg Hirvonen Charitable Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Ray & Peg Hirvonen Charitable Foundation is a 501(c)(3) organization based in Marquette, Michigan, registered in 1994, with $567,028 in FY2024 revenue. CharityIndex grades it F.
451 Lakewood Ln, Marquette, MI, 49855 EIN 31-1388018 Since 1994
Revenue (FY2024)
$567K
▼ 8.6% vs prior year
Expenses (FY2024)
$922K
Net assets
$13.3M
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 Ray & Peg Hirvonen Charitable 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 rating173 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 Ray & Peg Hirvonen Charitable Foundation: 173 mo reserves · -63% 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 Ray & Peg Hirvonen Charitable 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 Ray & Peg Hirvonen Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $127K (FY2013) to $567K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $13.3M
Operating margin
-62.6%
Spent more than it raised in the latest fiscal year.
Total assets
$13.3M
Total liabilities
$0
Net assets
$13.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $567,028▼8.6% | $922,236▲20.9% | $13,312,287▼2.6% | $13,312,287▼2.6% | 990PF |
| 2023 | $620,179▼94.8% | $762,824▲238% | $13,667,495▼1.0% | $13,667,495▼1.0% | 990PF |
| 2022 | $11,860,271▲12495% | $225,955▲25.0% | $13,810,140▲535% | $13,810,140▲535% | 990PF |
| 2021 | $94,168▼80.0% | $180,745▲6.7% | $2,175,824▼3.8% | $2,175,824▼3.8% | 990PF |
| 2020 | $471,899▲83.9% | $169,424▼4.3% | $2,262,401▲15.4% | $2,262,401▲15.4% | 990PF |
| 2019 | $256,592▼11.0% | $176,959▲2.3% | $1,959,926▲4.2% | $1,959,926▲4.2% | 990PF |
| 2018 | $288,349▼22.2% | $172,940▼2.5% | $1,880,293▲6.5% | $1,880,293▲6.5% | 990PF |
| 2017 | $370,574▲20.3% | $177,287▲6.2% | $1,764,884▲12.3% | $1,764,884▲12.3% | 990PF |
| 2016 | $307,962▲58.8% | $167,015▲4.7% | $1,571,597▲9.9% | $1,571,597▲9.9% | 990PF |
| 2015 | $193,973▲77.3% | $159,553▲5.1% | $1,430,650▲2.5% | $1,430,650▲2.5% | 990PF |
| 2014 | $109,376▼13.7% | $151,846▲2.7% | $1,396,230▼3.0% | $1,396,230▼3.0% | 990PF |
| 2013 | $126,744 | $147,885 | $1,438,700 | $1,438,700 | 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 Ray & Peg Hirvonen Charitable Foundation a legitimate nonprofit?
- Yes. Ray & Peg Hirvonen Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1388018, based in Marquette, Michigan. Donations are tax-deductible.
- What is Ray & Peg Hirvonen Charitable Foundation's EIN?
- Ray & Peg Hirvonen Charitable Foundation's Employer Identification Number (EIN) is 31-1388018.
- How much revenue does Ray & Peg Hirvonen Charitable Foundation report?
- Ray & Peg Hirvonen Charitable Foundation reported $567,028 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ray & Peg Hirvonen Charitable Foundation have?
- CharityIndex grades Ray & Peg Hirvonen Charitable Foundation F, based on financial health (reserves and operating margin).
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Data for Ray & Peg Hirvonen Charitable Foundation (EIN 31-1388018) 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.