Hammerman Charitable Tr
Hammerman Charitable Tr consistently spends more than its annual revenue, drawing from its substantial asset base.
EIN: 116417695 · Cedarhurst, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $49K |
| Program Spending | 80% |
| Net Assets | $801K |
| Transparency Score | 70/100 |
Search Intent Cockpit
Hammerman Charitable Tr Form 990, Revenue, CEO Pay, and IRS Filing Signals
Hammerman Charitable Tr is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hammerman Charitable Tr in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $27K and expenses of $49K.
Revenue and Expenses
Hammerman Charitable Tr reported $27K in revenue and $49K in expenses, a deficit of $22K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Hammerman Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $39K (80%) |
Across stored filings, Hammerman Charitable Tr shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Compare with Healthy Capital District Initiative →All New York nonprofits
Local and Sector Spokes
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Cedarhurst, NY nonprofitsFollow the Money
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Keep the Investigation Moving
Hammerman Charitable Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hammerman Charitable Tr
Hammerman Charitable Tr (EIN: 116417695) is a nonprofit organization based in Cedarhurst, NY. The organization reported total revenue of $27K and total assets of $801K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hammerman Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hammerman Charitable Tr is a micro nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $49K |
| Surplus / Deficit | $-21,548 |
| Total Assets | $801K |
| Total Liabilities | $1 |
| Net Assets | $801K |
| Operating Margin | -78.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 196.5 months |
Financial Health Grade: B
In 2023, Hammerman Charitable Tr reported a deficit of $22K with expenses exceeding revenue, holds 196.5 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), Hammerman Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.2% | +2.8% | -2.6% |
| 2022 | +286.3% | -15.9% | +3.1% |
| 2021 | -13.2% | +35.3% | -4.5% |
| 2020 | -65.3% | -30.9% | -2.4% |
| 2019 | +41.7% | +40.4% | +13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Hammerman Charitable Tr 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Hammerman Charitable Tr allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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:
- The organization reported a deficit of $22K, 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 or trustees receive salaries from the organization, which is a positive for resource allocation.
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 Hammerman Charitable Tr's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in most years, indicating reliance on asset drawdowns.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the summary data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for Hammerman Charitable Tr:
- Substantial and stable asset base ($800,930 in 202312) providing long-term financial security.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Consistently low liabilities ($1 or $0), demonstrating sound financial management.
- Long history of consistent IRS 990 filings, indicating transparency in reporting.
Frequently Asked Questions about Hammerman Charitable Tr
Is Hammerman Charitable Tr a legitimate charity?
Hammerman Charitable Tr (EIN: 116417695) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $27K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Hammerman Charitable Tr spend its money?
Hammerman Charitable Tr directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hammerman Charitable Tr tax-deductible?
Hammerman Charitable Tr is registered as a tax-exempt nonprofit (EIN: 116417695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hammerman Charitable Tr located?
Hammerman Charitable Tr is headquartered in Cedarhurst, New York and files with the IRS under EIN 116417695.
How many years of IRS 990 filings does Hammerman Charitable Tr have?
Hammerman Charitable Tr 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 $27K in total revenue.
What are the specific charitable programs or grants Hammerman Charitable Tr supports?
The provided data does not detail the specific programs or grants supported by Hammerman Charitable Tr. Further investigation into their full 990 forms would be required to understand their charitable activities.
How does Hammerman Charitable Tr cover its expenses when revenue is consistently lower?
Hammerman Charitable Tr covers its expenses by drawing from its significant asset base, which stood at $800,930 in 202312. This is typical for private foundations that distribute funds from an endowment.
What is the NTEE code for Hammerman Charitable Tr?
The NTEE code for Hammerman Charitable Tr is currently unknown based on the provided data, which limits direct comparison to peer organizations.
Filing History
IRS 990 filing history for Hammerman Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hammerman Charitable Tr's revenue has grown by 25.3%, moving from $22K to $27K. Total assets increased by 6.1% over the same period, from $755K to $801K. Total functional expenses rose by 47.4%, from $33K to $49K. In its most recent filing year (2023), Hammerman Charitable Tr reported a deficit of $22K, with expenses exceeding revenue. The organization holds $1 in liabilities against $801K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $801K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $49K | $801K | $1 | — | — |
| 2022 | $72K | $48K | $822K | $1 | — | View 990 |
| 2021 | $19K | $57K | $798K | $1 | — | View 990 |
| 2020 | $22K | $42K | $835K | $1 | — | View 990 |
| 2019 | $62K | $60K | $856K | $1 | — | View 990 |
| 2015 | $44K | $43K | $756K | $1 | — | View 990 |
| 2014 | $28K | $34K | $755K | $0 | — | View 990 |
| 2013 | $22K | $41K | $761K | $0 | — | View 990 |
| 2012 | $64K | $39K | $780K | $0 | — | View 990 |
| 2011 | $22K | $33K | $755K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $49K, and assets of $801K (revenue -62.2% year-over-year).
- 2022: Revenue of $72K, expenses of $48K, and assets of $822K (revenue +286.3% year-over-year).
- 2021: Revenue of $19K, expenses of $57K, and assets of $798K (revenue -13.2% year-over-year).
- 2020: Revenue of $22K, expenses of $42K, and assets of $835K (revenue -65.3% year-over-year).
- 2019: Revenue of $62K, expenses of $60K, and assets of $856K (revenue +41.7% year-over-year).
- 2015: Revenue of $44K, expenses of $43K, and assets of $756K (revenue +54.9% year-over-year).
- 2014: Revenue of $28K, expenses of $34K, and assets of $755K (revenue +30.6% year-over-year).
- 2013: Revenue of $22K, expenses of $41K, and assets of $761K (revenue -66.0% year-over-year).
- 2012: Revenue of $64K, expenses of $39K, and assets of $780K (revenue +193.0% year-over-year).
- 2011: Revenue of $22K, expenses of $33K, and assets of $755K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hammerman Charitable Tr:
Data Sources and Methodology
This transparency report for Hammerman 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.