Addison Hines Charitable Tr
Addison Hines Charitable Tr consistently spends more than its annual revenue, drawing down its substantial asset base.
EIN: 201679943 · Oxford, CT · NTEE: T22 · Updated: 2026-03-28
Is Addison Hines Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Addison Hines Charitable Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Addison Hines Charitable Tr
Addison Hines Charitable Tr (EIN: 201679943) is a nonprofit organization based in Oxford, CT, classified under NTEE code T22. The organization reported total revenue of $4.9M and total assets of $15.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Addison Hines Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Addison Hines Charitable Tr is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $292K |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-1,105,790 |
| Total Assets | $16.3M |
| Total Liabilities | $1 |
| Net Assets | $16.3M |
| Operating Margin | -379.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 140.2 months |
Financial Health Grade: B
In 2023, Addison Hines Charitable Tr reported a deficit of $1.1M with expenses exceeding revenue, holds 140.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Addison Hines Charitable Tr's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.9% | -4.4% | -6.3% |
| 2022 | -58.8% | -0.3% | -4.4% |
| 2021 | +47.5% | +5.2% | +0.8% |
| 2020 | +40.6% | -1.8% | -1.7% |
| 2019 | +23.3% | -1.3% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Addison Hines Charitable Tr with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Addison Hines Charitable Tr allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with assets exceeding $15 million and suggests either a fully volunteer-led executive team or that executive functions are managed by an external entity, contributing to very low administrative overhead in this area.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Addison Hines Charitable Tr's IRS 990 filings:
- Consistent asset depletion over the long term (from $19.9M in 2014 to $16.3M in 2023), indicating spending beyond annual income.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency beyond executive compensation.
Strengths
The following positive indicators were identified for Addison Hines Charitable Tr:
- Zero officer compensation reported across all filings, indicating extremely low executive overhead.
- Substantial asset base ($16.3 million in 2023) provides significant financial stability for its charitable mission.
- Minimal liabilities ($0 or $1 across all filings) demonstrates strong financial health and low debt.
- Consistent expenses exceeding revenue suggest active and significant grant-making activities.
Frequently Asked Questions about Addison Hines Charitable Tr
Is Addison Hines Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Addison Hines Charitable Tr (EIN: 201679943) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Addison Hines Charitable Tr spend its money?
Addison Hines Charitable Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Addison Hines Charitable Tr tax-deductible?
Addison Hines Charitable Tr is registered as a tax-exempt nonprofit (EIN: 201679943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Addison Hines Charitable Tr a good charity?
Based on the available data, the Addison Hines Charitable Tr appears to be a well-managed private foundation with a strong asset base and extremely low administrative costs related to executive compensation. Its consistent grant-making (expenses exceeding revenue) suggests active fulfillment of its charitable purpose. However, the long-term trend of asset depletion warrants consideration for its future sustainability.
How does Addison Hines Charitable Tr fund its operations?
The organization primarily funds its operations and grant-making through its substantial endowment. While it receives some annual revenue (e.g., $291,626 in 2023), its expenses consistently exceed this, indicating it draws from its investment assets to cover its charitable distributions and administrative costs.
What is the trend of the organization's assets?
The organization's assets have shown a consistent downward trend over the past decade, decreasing from $19,912,663 in 2014 to $16,329,141 in 2023. This decline is consistent with its operational model where expenses frequently exceed annual revenue.
Filing History
IRS 990 filing history for Addison Hines Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Addison Hines Charitable Tr's revenue has declined by 66.5%, moving from $869K to $292K. Total assets decreased by 17.1% over the same period, from $19.7M to $16.3M. Total functional expenses fell by 5.7%, from $1.5M to $1.4M. In its most recent filing year (2023), Addison Hines Charitable Tr reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $16.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $16.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $292K | $1.4M | $16.3M | $1 | — | View 990 |
| 2022 | $662K | $1.5M | $17.4M | $1 | — | View 990 |
| 2021 | $1.6M | $1.5M | $18.2M | $1 | — | View 990 |
| 2020 | $1.1M | $1.4M | $18.1M | $1 | — | — |
| 2019 | $773K | $1.4M | $18.4M | $0 | — | View 990 |
| 2015 | $627K | $1.4M | $19.1M | $0 | — | View 990 |
| 2014 | $1.6M | $1.5M | $19.9M | $0 | — | View 990 |
| 2013 | $1.4M | $1.5M | $19.8M | $0 | — | View 990 |
| 2012 | $1.6M | $1.4M | $19.9M | $0 | — | View 990 |
| 2011 | $869K | $1.5M | $19.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $292K, expenses of $1.4M, and assets of $16.3M (revenue -55.9% year-over-year).
- 2022: Revenue of $662K, expenses of $1.5M, and assets of $17.4M (revenue -58.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $18.2M (revenue +47.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.4M, and assets of $18.1M (revenue +40.6% year-over-year).
- 2019: Revenue of $773K, expenses of $1.4M, and assets of $18.4M (revenue +23.3% year-over-year).
- 2015: Revenue of $627K, expenses of $1.4M, and assets of $19.1M (revenue -61.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.5M, and assets of $19.9M (revenue +13.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $19.8M (revenue -11.8% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.4M, and assets of $19.9M (revenue +84.8% year-over-year).
- 2011: Revenue of $869K, expenses of $1.5M, and assets of $19.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Addison Hines Charitable Tr:
Data Sources and Methodology
This transparency report for Addison Hines Charitable Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.