Eugene Higgins Charitable Trust
Eugene Higgins Charitable Trust maintains strong asset base and zero officer compensation amidst fluctuating revenues.
EIN: 136073358 · Dallas, TX · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61.6M |
| Total Expenses | $9.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $190 |
| Net Assets | $192.0M |
| Transparency Score | 95/100 |
Is Eugene Higgins Charitable Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eugene Higgins Charitable Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eugene Higgins Charitable Trust
Eugene Higgins Charitable Trust (EIN: 136073358) is a nonprofit organization based in Dallas, TX, classified under NTEE code B12. The organization reported total revenue of $61.6M and total assets of $196.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eugene Higgins Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eugene Higgins Charitable Trust is a major nonprofit that has been operating for 50 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.1M |
| Total Expenses | $9.4M |
| Surplus / Deficit | +$2.7M |
| Total Assets | $192.0M |
| Net Assets | $192.0M |
| Operating Margin | 22.4% |
| Months of Reserves | 244.5 months |
Financial Health Grade: A
In 2023, Eugene Higgins Charitable Trust reported a surplus of $2.7M with revenue exceeding expenses, holds 244.5 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Eugene Higgins Charitable Trust's revenue has declined at a compound annual growth rate (CAGR) of -8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +113.9% | +0.0% | +1.4% |
| 2022 | -82.3% | +3.3% | -2.5% |
| 2021 | +759.4% | +8.1% | +16.9% |
| 2020 | -23.1% | +2.8% | -2.5% |
| 2019 | -53.8% | -6.1% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1976 |
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 Eugene Higgins Charitable Trust 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Eugene Higgins Charitable Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $2.7M, with revenue exceeding expenses.
Executive Compensation Analysis
The Eugene Higgins Charitable Trust consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through non-officer roles, which is highly efficient for a trust of its size with assets exceeding $190 million.
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.
Strengths
The following positive indicators were identified for Eugene Higgins Charitable Trust:
- Zero officer compensation reported across all filings, indicating high efficiency.
- Consistent reporting of zero liabilities, demonstrating strong financial stability.
- Significant and growing asset base, reaching $191,972,580 in 2023.
- Stable expense levels (around $8-10 million annually) despite revenue fluctuations, suggesting controlled spending.
- Strong program focus implied by low administrative overhead and no fundraising expenses.
Frequently Asked Questions about Eugene Higgins Charitable Trust
Is Eugene Higgins Charitable Trust a legitimate charity?
Eugene Higgins Charitable Trust (EIN: 136073358) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 95/100. It has 12 years of IRS 990 filings on record. Total revenue: $61.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Eugene Higgins Charitable Trust spend its money?
Eugene Higgins Charitable Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Eugene Higgins Charitable Trust tax-deductible?
Eugene Higgins Charitable Trust is registered as a tax-exempt nonprofit (EIN: 136073358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Eugene Higgins Charitable Trust CEO make?
Eugene Higgins Charitable Trust's highest-compensated officer earns $190 annually. The organization reported $61.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Eugene Higgins Charitable Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Eugene Higgins Charitable Trust is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eugene Higgins Charitable Trust located?
Eugene Higgins Charitable Trust is headquartered in Dallas, Texas and files with the IRS under EIN 136073358. It is classified under NTEE code B12.
How many years of IRS 990 filings does Eugene Higgins Charitable Trust have?
Eugene Higgins Charitable Trust has 12 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 $61.6M in total revenue.
Is Eugene Higgins Charitable Trust a good charity?
Based on its financial filings, the Eugene Higgins Charitable Trust appears to be a very good charity. It consistently reports zero officer compensation, zero liabilities, and maintains a strong asset base, indicating excellent financial health and a high degree of efficiency in directing resources to its mission.
How does the trust manage its operations without officer compensation?
The trust likely operates with unpaid trustees or fiduciaries, or it may contract out administrative services, which allows it to avoid direct officer compensation expenses and allocate more resources to its charitable programs.
What is the trend in the trust's assets?
The trust's assets have shown a positive trend, growing from $166,016,632 in 2020 to $191,972,580 in 2023, indicating effective investment management and financial growth.
Filing History
IRS 990 filing history for Eugene Higgins Charitable Trust showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Eugene Higgins Charitable Trust's revenue has declined by 67.2%, moving from $37.0M to $12.1M. Total assets increased by 4.9% over the same period, from $183.0M to $192.0M. Total functional expenses fell by 17.8%, from $11.5M to $9.4M. In its most recent filing year (2023), Eugene Higgins Charitable Trust reported a surplus of $2.7M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.1M | $9.4M | $192.0M | $0 | — | — |
| 2022 | $5.7M | $9.4M | $189.3M | $0 | — | — |
| 2021 | $32.1M | $9.1M | $194.1M | $0 | — | View 990 |
| 2020 | $3.7M | $8.4M | $166.0M | $0 | — | — |
| 2019 | $4.9M | $8.2M | $170.3M | $0 | — | View 990 |
| 2018 | $10.5M | $8.7M | $173.2M | $0 | — | View 990 |
| 2017 | $16.3M | $9.0M | $171.9M | $0 | — | View 990 |
| 2015 | $8.0M | $10.0M | $169.2M | $0 | — | View 990 |
| 2014 | $9.6M | $9.8M | $171.8M | $0 | — | View 990 |
| 2013 | $10.0M | $10.9M | $171.9M | $0 | — | View 990 |
| 2012 | $2.3M | $11.8M | $173.4M | $0 | — | View 990 |
| 2011 | $37.0M | $11.5M | $183.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.1M, expenses of $9.4M, and assets of $192.0M (revenue +113.9% year-over-year).
- 2022: Revenue of $5.7M, expenses of $9.4M, and assets of $189.3M (revenue -82.3% year-over-year).
- 2021: Revenue of $32.1M, expenses of $9.1M, and assets of $194.1M (revenue +759.4% year-over-year).
- 2020: Revenue of $3.7M, expenses of $8.4M, and assets of $166.0M (revenue -23.1% year-over-year).
- 2019: Revenue of $4.9M, expenses of $8.2M, and assets of $170.3M (revenue -53.8% year-over-year).
- 2018: Revenue of $10.5M, expenses of $8.7M, and assets of $173.2M (revenue -35.5% year-over-year).
- 2017: Revenue of $16.3M, expenses of $9.0M, and assets of $171.9M (revenue +103.1% year-over-year).
- 2015: Revenue of $8.0M, expenses of $10.0M, and assets of $169.2M (revenue -16.3% year-over-year).
- 2014: Revenue of $9.6M, expenses of $9.8M, and assets of $171.8M (revenue -3.6% year-over-year).
- 2013: Revenue of $10.0M, expenses of $10.9M, and assets of $171.9M (revenue +326.5% year-over-year).
- 2012: Revenue of $2.3M, expenses of $11.8M, and assets of $173.4M (revenue -93.7% year-over-year).
- 2011: Revenue of $37.0M, expenses of $11.5M, and assets of $183.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eugene Higgins Charitable Trust:
Data Sources and Methodology
This transparency report for Eugene Higgins Charitable Trust 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.