Charles Hazeltine Trust Key Trust Co Of Me Trustee
Charles Hazeltine Trust demonstrates consistent asset growth and exceptionally low operating expenses.
EIN: 16026844 · Belfast, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $361K |
| Total Expenses | $2K |
| Program Spending | 98% |
| Net Assets | $293K |
| Transparency Score | 95/100 |
Is Charles Hazeltine Trust Key Trust Co Of Me Trustee Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles Hazeltine Trust Key Trust Co Of Me Trustee directs 98% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles Hazeltine Trust Key Trust Co Of Me Trustee
Charles Hazeltine Trust Key Trust Co Of Me Trustee (EIN: 16026844) is a nonprofit organization based in Belfast, ME. The organization reported total revenue of $361K and total assets of $357K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles Hazeltine Trust Key Trust Co Of Me Trustee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles Hazeltine Trust Key Trust Co Of Me Trustee is a small nonprofit that has been operating for 56 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $2K |
| Surplus / Deficit | +$104K |
| Total Assets | $293K |
| Total Liabilities | $1 |
| Net Assets | $293K |
| Operating Margin | 98.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1616.7 months |
Financial Health Grade: A
In 2023, Charles Hazeltine Trust Key Trust Co Of Me Trustee reported a surplus of $104K with revenue exceeding expenses, holds 1616.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Charles Hazeltine Trust Key Trust Co Of Me Trustee's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2257.7% | +41.6% | +55.3% |
| 2022 | +6.4% | +13.9% | +1.6% |
| 2021 | -19.5% | -30.1% | +1.7% |
| 2020 | -44.6% | -49.6% | +7.1% |
| 2015 | +58.0% | +9.9% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 Charles Hazeltine Trust Key Trust Co Of Me Trustee with a Mission Score of 95 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: 2%
- programs: 98%
- fundraising: 0%
According to IRS 990 filings, Charles Hazeltine Trust Key Trust Co Of Me Trustee allocates its expenses as follows: admin: 2%, programs: 98%, fundraising: 0%. With 98% 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 surplus of $104K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or trustees receive salaries from the organization, which is highly unusual and contributes to its extremely low administrative costs.
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 Charles Hazeltine Trust Key Trust Co Of Me Trustee's IRS 990 filings:
- NTEE Code Unknown, limiting understanding of mission focus
- Lack of detailed program expense breakdown in provided data
Strengths
The following positive indicators were identified for Charles Hazeltine Trust Key Trust Co Of Me Trustee:
- Exceptional spending efficiency with very low expenses (e.g., $2,174 in 2023 vs. $106,523 revenue)
- Consistent asset growth over the past decade (from $139,520 in 2011 to $292,889 in 2023)
- Zero officer compensation reported across all filings, indicating no direct salary costs for leadership
- Minimal liabilities reported consistently ($1 in recent years)
- Regular IRS 990 filings demonstrating transparency
Frequently Asked Questions about Charles Hazeltine Trust Key Trust Co Of Me Trustee
Is Charles Hazeltine Trust Key Trust Co Of Me Trustee a legitimate charity?
Charles Hazeltine Trust Key Trust Co Of Me Trustee (EIN: 16026844) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 9 years of IRS 990 filings on record. Total revenue: $361K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Charles Hazeltine Trust Key Trust Co Of Me Trustee spend its money?
Charles Hazeltine Trust Key Trust Co Of Me Trustee directs 98% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Charles Hazeltine Trust Key Trust Co Of Me Trustee tax-deductible?
Charles Hazeltine Trust Key Trust Co Of Me Trustee is registered as a tax-exempt nonprofit (EIN: 16026844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charles Hazeltine Trust Key Trust Co Of Me Trustee located?
Charles Hazeltine Trust Key Trust Co Of Me Trustee is headquartered in Belfast, Maine and files with the IRS under EIN 16026844.
How many years of IRS 990 filings does Charles Hazeltine Trust Key Trust Co Of Me Trustee have?
Charles Hazeltine Trust Key Trust Co Of Me Trustee has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $361K in total revenue.
What are the specific programmatic activities or beneficiaries of the Charles Hazeltine Trust?
The provided IRS 990 data does not detail the specific programmatic activities or beneficiaries of the Charles Hazeltine Trust. This information would typically be found in the narrative sections of a full 990 filing.
Why was there a significant increase in revenue in 2023 compared to previous years?
Revenue for the Charles Hazeltine Trust jumped to $106,523 in 2023 from $4,518 in 2022. The provided data does not specify the source of this increase, but it could be due to investment gains, a large donation, or a change in the trust's income-generating activities.
How does the trust manage to operate with such consistently low expenses?
The trust consistently reports very low expenses (e.g., $2,174 in 2023, $1,535 in 2022), and 0% officer compensation. This suggests a highly efficient, possibly volunteer-run or minimally staffed operation, or that significant operational costs are absorbed by the trustee as part of their fee structure not reported as direct expenses of the trust.
Filing History
IRS 990 filing history for Charles Hazeltine Trust Key Trust Co Of Me Trustee showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Charles Hazeltine Trust Key Trust Co Of Me Trustee's revenue has grown by 798.9%, moving from $12K to $107K. Total assets increased by 109.9% over the same period, from $140K to $293K. Total functional expenses fell by 91.9%, from $27K to $2K. In its most recent filing year (2023), Charles Hazeltine Trust Key Trust Co Of Me Trustee reported a surplus of $104K, with revenue exceeding expenses. The organization holds $1 in liabilities against $293K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $293K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $107K | $2K | $293K | $1 | — | View 990 |
| 2022 | $5K | $2K | $189K | $1 | — | View 990 |
| 2021 | $4K | $1K | $186K | $1 | — | View 990 |
| 2020 | $5K | $2K | $183K | $1 | — | — |
| 2015 | $10K | $4K | $170K | $1 | — | View 990 |
| 2014 | $6K | $3K | $165K | $1 | — | View 990 |
| 2013 | $24K | $2K | $162K | $1 | — | View 990 |
| 2012 | $-1,280 | $2K | $136K | $0 | — | View 990 |
| 2011 | $12K | $27K | $140K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $107K, expenses of $2K, and assets of $293K (revenue +2257.7% year-over-year).
- 2022: Revenue of $5K, expenses of $2K, and assets of $189K (revenue +6.4% year-over-year).
- 2021: Revenue of $4K, expenses of $1K, and assets of $186K (revenue -19.5% year-over-year).
- 2020: Revenue of $5K, expenses of $2K, and assets of $183K (revenue -44.6% year-over-year).
- 2015: Revenue of $10K, expenses of $4K, and assets of $170K (revenue +58.0% year-over-year).
- 2014: Revenue of $6K, expenses of $3K, and assets of $165K (revenue -75.4% year-over-year).
- 2013: Revenue of $24K, expenses of $2K, and assets of $162K.
- 2012: Revenue of $-1,280, expenses of $2K, and assets of $136K (revenue -110.8% year-over-year).
- 2011: Revenue of $12K, expenses of $27K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles Hazeltine Trust Key Trust Co Of Me Trustee:
Data Sources and Methodology
This transparency report for Charles Hazeltine Trust Key Trust Co Of Me Trustee 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.