Carnegie Hero Fund Commission
Nonprofit profile at a glance
- EIN
- 251062730
- IRS 990-PF coverage
- 2010–2024
- Forms available
- Form 990-PF 2024, Form 990-T 2024
- Location
- Pittsburgh, PA, USA
- Phone
- 4122811302
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $2,836,191
- Expenses
- $2,421,408
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Carnegie Hero Fund Commission is a nonprofit. Location: Pittsburgh, PA. EIN 251062730. Tax year 2024 Form 990-PF reports $2.8M revenue and $2.4M expenses.
What it reported funding in 2024
The foundation reported 144 grants totaling $1,016,734. The stated grant purposes included grants to indigent families/disabled rescuers, educational benefits, and heroic recognition awards, plus 2 other reported purposes.
Operating model
- Revenue model
- Mixed. The foundation's positive operating resources came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The foundation combined direct charitable work with grants to other organizations or people.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
SUPPORTED - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.
Rating breakdown
- Grant Deployment: 74
- Cost Efficiency: 42
- Transparency: 100
- Compliance: 92
- Endowment Health: 90
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 73.9%; rating input score 74; 12th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 42%; rating input score 42; 13th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 16 of 19 controls in place; rating input score 84
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Pass
- Compensation paid to a disqualified person: Fail
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Pass
- Prior-year undistributed income: Pass
- Excess business holdings: Pass
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Grants to individuals: Fail
- Grants to organizations: Fail
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 9; rating input score 100
Endowment Health
- Endowment-health comparison: 64.9; rating input score 90; 90th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: 73.9% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 90th percentile for endowment coverage
- Consistency: 9 of 9 current checks pass
- Filing history: 5 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 150 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Cost Efficiency: Grant expense ratio scored 42/100.
- Review — Compliance: Part VII-B activity disclosures: 3 of 19 not reported.