Hamlet Fund Inc

Hamlet Fund Inc. maintains substantial assets with minimal operational expenses and no reported officer compensation.

EIN: 113053108 · Stony Brook, NY · Updated: 2026-03-28

$16.3MRevenue

$54.8MAssets

85/100Mission Score (Excellent)

About Hamlet Fund Inc

Hamlet Fund Inc (EIN: 113053108) is a nonprofit organization based in Stony Brook, NY. The organization reported total revenue of $16.3M and total assets of $54.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hamlet Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Hamlet Fund Inc. demonstrates strong financial health with consistently growing assets, reaching $54,776,048 in the latest period. The organization's revenue has fluctuated, with a notable increase to $16,274,846 in the latest reported period, though the most recent 990 filing (202306) shows revenue of $2,262,792. A key characteristic is the extremely low expense ratio relative to revenue and assets across all reported periods. For instance, in 202306, expenses were only $364,141 against $2,262,792 in revenue, indicating a very lean operational structure or that a significant portion of revenue is investment income or contributions that are not immediately expended on programs. The consistent reporting of zero officer compensation across all filings suggests a volunteer-led or externally managed structure, which contributes to low administrative overhead. The organization's liabilities have remained relatively low compared to its substantial assets, indicating financial stability. However, without a breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The NTEE code being unknown also limits understanding of its specific mission and how effectively it is deploying its significant assets.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hamlet Fund Inc 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Hamlet Fund Inc 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation is handled through an external entity, which significantly reduces direct administrative costs for the organization.

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 Hamlet Fund Inc's IRS 990 filings:

Unknown NTEE code, making it difficult to assess mission alignment and impact.
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data.
Significant discrepancy between 'Latest Revenue' and most recent 990 filing revenue without explanation.

Strengths

The following positive indicators were identified for Hamlet Fund Inc:

Strong financial health with consistently growing assets ($54,776,048 latest).
Extremely low operational expenses relative to revenue and assets, indicating efficiency.
No reported officer compensation, suggesting a highly cost-efficient leadership structure.
Low liabilities relative to assets, indicating financial stability.

Frequently Asked Questions about Hamlet Fund Inc

What is the primary mission or program activity of Hamlet Fund Inc. given its low expenses relative to assets?

The financial data suggests Hamlet Fund Inc. may primarily function as an endowment, grant-making organization, or a holding entity, as its expenses are consistently very low compared to its substantial and growing assets and revenue. Without an NTEE code or detailed program expense breakdown, the specific mission remains unclear.

How does Hamlet Fund Inc. manage to operate with zero reported officer compensation?

The consistent reporting of 0% officer compensation indicates that the organization's leadership may be entirely volunteer-based, or that executive services are provided pro bono, or through a related entity not directly compensated by Hamlet Fund Inc. itself.

What is the nature of the 'Latest Revenue' of $16,274,846 compared to the 202306 filing revenue of $2,262,792?

The discrepancy between the 'Latest Revenue' and the 202306 filing revenue suggests that the 'Latest Revenue' might be a cumulative figure, a different reporting period, or includes non-operating income not fully reflected in the 990's operational revenue section. Further clarification would be needed to understand this difference.

Filing History

IRS 990 filing history for Hamlet Fund Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hamlet Fund Inc's revenue has grown by 465.1%, moving from $400K to $2.3M. Total assets increased by 141.1% over the same period, from $19.7M to $47.6M. Total functional expenses rose by 85.2%, from $197K to $364K. In its most recent filing year (2023), Hamlet Fund Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $18K in liabilities against $47.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $47.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.3M	$364K	$47.6M	$18K	—	View 990
2022	$4.4M	$366K	$43.3M	$18K	—	View 990
2021	$2.5M	$477K	$38.1M	$17K	—	View 990
2020	$1.5M	$275K	$30.6M	$17K	—	View 990
2019	$1.3M	$297K	$30.7M	$18K	—	View 990
2018	$1.4M	$267K	$29.2M	$0	—	View 990
2017	$1.7M	$246K	$27.2M	$21K	—	View 990
2016	$729K	$276K	$25.6M	$62K	—	View 990
2015	$509K	$262K	$25.8M	$3K	—	View 990
2014	$490K	$235K	$25.4M	$3K	—	View 990
2013	$506K	$214K	$22.6M	$3K	—	View 990
2012	$422K	$217K	$20.5M	$3K	—	View 990
2011	$400K	$197K	$19.7M	$6K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.3M, expenses of $364K, and assets of $47.6M (revenue -48.6% year-over-year).
2022: Revenue of $4.4M, expenses of $366K, and assets of $43.3M (revenue +76.9% year-over-year).
2021: Revenue of $2.5M, expenses of $477K, and assets of $38.1M (revenue +61.4% year-over-year).
2020: Revenue of $1.5M, expenses of $275K, and assets of $30.6M (revenue +17.8% year-over-year).
2019: Revenue of $1.3M, expenses of $297K, and assets of $30.7M (revenue -7.8% year-over-year).
2018: Revenue of $1.4M, expenses of $267K, and assets of $29.2M (revenue -18.8% year-over-year).
2017: Revenue of $1.7M, expenses of $246K, and assets of $27.2M (revenue +140.0% year-over-year).
2016: Revenue of $729K, expenses of $276K, and assets of $25.6M (revenue +43.1% year-over-year).
2015: Revenue of $509K, expenses of $262K, and assets of $25.8M (revenue +3.8% year-over-year).
2014: Revenue of $490K, expenses of $235K, and assets of $25.4M (revenue -3.0% year-over-year).
2013: Revenue of $506K, expenses of $214K, and assets of $22.6M (revenue +19.9% year-over-year).
2012: Revenue of $422K, expenses of $217K, and assets of $20.5M (revenue +5.3% year-over-year).
2011: Revenue of $400K, expenses of $197K, and assets of $19.7M.

Data Sources and Methodology

This transparency report for Hamlet Fund Inc 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.