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

$27KRevenue

$801KAssets

70/100Mission Score (Good)

Is Hammerman Charitable Tr Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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.

AI Transparency Report

Hammerman Charitable Tr appears to be a private foundation, given its consistent asset base and fluctuating, but generally low, annual revenues and expenses. The organization maintains a healthy asset base, with $800,930 in assets as of the latest filing (202312), significantly exceeding its annual expenses. However, the organization consistently spends more than it brings in through revenue, as seen in 202312 where revenue was $27,376 and expenses were $48,924, indicating it relies on its endowment or prior year contributions to cover operational costs. This is a common characteristic of private foundations that distribute grants from their principal.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent low liabilities ($1 or $0 across all filings) suggests sound financial management in terms of debt. The absence of officer compensation across all reported periods is a positive indicator of efficiency, as it means all expenses are directed towards the trust's charitable activities or administrative overhead.

Transparency is generally good given the availability of 990 filings. However, without specific program details or a breakdown of expenses beyond total expenses, it's challenging to fully understand the impact and specific activities of the trust. The lack of an NTEE code also makes it harder to benchmark its activities against similar organizations. Overall, the trust appears to be a stable, well-managed entity, albeit with limited public-facing detail on its specific charitable endeavors.

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.

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?

Based on AI analysis of IRS 990 filings, Hammerman Charitable Tr (EIN: 116417695) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.

How does Hammerman Charitable Tr spend its money?

Hammerman Charitable Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

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.

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.	PDF
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.

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.