Cream Hill Foundation
Cream Hill Foundation maintains stable assets despite volatile revenue and consistent operational deficits.
EIN: 134148381 · Carmel, IN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $341K |
| Total Expenses | $116K |
| Program Spending | 80% |
| Net Assets | $1.0M |
| Transparency Score | 70/100 |
Is Cream Hill Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cream Hill Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cream Hill Foundation
Cream Hill Foundation (EIN: 134148381) is a nonprofit organization based in Carmel, IN, classified under NTEE code T22. The organization reported total revenue of $341K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cream Hill Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cream Hill Foundation is a small nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -120.9% | +3.5% | -9.4% |
| 2022 | -15.5% | +2.7% | -0.4% |
| 2021 | +5.0% | +26.8% | +1.1% |
| 2020 | -27.9% | -5.3% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Cream Hill Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cream Hill Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
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 Cream Hill Foundation's IRS 990 filings:
- Highly volatile revenue, including multiple years of negative revenue (e.g., -$21,410 in 2023, -$92,193 in 2015).
- Consistent operational deficits where expenses frequently exceed revenue (e.g., 2023 expenses of $115,704 against negative revenue).
Strengths
The following positive indicators were identified for Cream Hill Foundation:
- Strong and stable asset base, consistently over $1 million, providing financial cushion.
- Zero officer compensation reported across all filings, indicating highly efficient executive leadership.
- Minimal liabilities, often reported as $1, suggesting a very low debt burden.
Frequently Asked Questions about Cream Hill Foundation
Is Cream Hill Foundation a legitimate charity?
Cream Hill Foundation (EIN: 134148381) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $341K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cream Hill Foundation spend its money?
Cream Hill Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cream Hill Foundation tax-deductible?
Cream Hill Foundation is registered as a tax-exempt nonprofit (EIN: 134148381). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cream Hill Foundation's spending goes to programs?
Cream Hill Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cream Hill Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Cream Hill Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cream Hill Foundation located?
Cream Hill Foundation is headquartered in Carmel, Indiana and files with the IRS under EIN 134148381. It is classified under NTEE code T22.
How many years of IRS 990 filings does Cream Hill Foundation have?
Cream Hill Foundation has 10 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 $341K in total revenue.
How does Cream Hill Foundation sustain its operations with frequently negative or low revenue?
The foundation appears to sustain operations by drawing from its substantial asset base, which has consistently been over $1 million. For example, in 2023, with revenue of - $21,410 and expenses of $115,704, the deficit was covered by existing assets, which decreased from $1,116,988 to $1,011,501.
What is the primary source of Cream Hill Foundation's revenue, given its volatility?
The provided data does not specify the primary source of revenue. The significant fluctuations, including negative revenue figures, suggest that its income may be heavily reliant on investment returns, capital gains/losses, or infrequent large donations, rather than consistent program service revenue or public support.
What are the specific program activities of Cream Hill Foundation?
The NTEE code T22 indicates 'Philanthropy, Voluntarism & Grantmaking Foundations'. Without further detail from the 990, specific program activities are not clear beyond general grantmaking or philanthropic endeavors.
Filing History
IRS 990 filing history for Cream Hill Foundation showing financial trends over 10 years of public records:
Total assets decreased by 9.6% over the same period, from $1.1M to $1.0M. Total functional expenses rose by 38.8%, from $83K to $116K. The organization holds $1 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-21,410 | $116K | $1.0M | $1 | — | View 990 |
| 2022 | $102K | $112K | $1.1M | $1 | — | View 990 |
| 2021 | $121K | $109K | $1.1M | $1 | — | View 990 |
| 2020 | $115K | $86K | $1.1M | $1 | — | View 990 |
| 2019 | $160K | $91K | $1.1M | $1 | — | View 990 |
| 2015 | $-92,193 | $94K | $1.2M | $0 | — | View 990 |
| 2014 | $20K | $118K | $1.4M | $0 | — | View 990 |
| 2013 | $510K | $94K | $1.5M | $0 | — | View 990 |
| 2012 | $16K | $58K | $1.1M | $0 | — | View 990 |
| 2011 | $-16,056 | $83K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-21,410, expenses of $116K, and assets of $1.0M (revenue -120.9% year-over-year).
- 2022: Revenue of $102K, expenses of $112K, and assets of $1.1M (revenue -15.5% year-over-year).
- 2021: Revenue of $121K, expenses of $109K, and assets of $1.1M (revenue +5.0% year-over-year).
- 2020: Revenue of $115K, expenses of $86K, and assets of $1.1M (revenue -27.9% year-over-year).
- 2019: Revenue of $160K, expenses of $91K, and assets of $1.1M.
- 2015: Revenue of $-92,193, expenses of $94K, and assets of $1.2M (revenue -567.1% year-over-year).
- 2014: Revenue of $20K, expenses of $118K, and assets of $1.4M (revenue -96.1% year-over-year).
- 2013: Revenue of $510K, expenses of $94K, and assets of $1.5M (revenue +3149.4% year-over-year).
- 2012: Revenue of $16K, expenses of $58K, and assets of $1.1M.
- 2011: Revenue of $-16,056, expenses of $83K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cream Hill Foundation:
Data Sources and Methodology
This transparency report for Cream Hill Foundation 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.