Harding Land Trust Inc
Harding Land Trust: Strong Asset Base, Inconsistent Revenue
EIN: 223084414 · New Vernon, NJ · NTEE: C340 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $390K |
| Total Expenses | $252K |
| Program Spending | 80% |
| Net Assets | $19.5M |
| Transparency Score | 85/100 |
Is Harding Land Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harding Land Trust Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harding Land Trust Inc
Harding Land Trust Inc (EIN: 223084414) is a nonprofit organization based in New Vernon, NJ, classified under NTEE code C340. The organization reported total revenue of $390K and total assets of $19.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harding Land Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harding Land Trust Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $317K |
| Total Expenses | $252K |
| Surplus / Deficit | +$64K |
| Total Assets | $19.5M |
| Total Liabilities | $3K |
| Net Assets | $19.5M |
| Operating Margin | 20.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 926.7 months |
Financial Health Grade: A
In 2023, Harding Land Trust Inc reported a surplus of $64K with revenue exceeding expenses, holds 926.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harding Land Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.9% | -26.9% | +0.5% |
| 2022 | +11.4% | +19.8% | +0.6% |
| 2021 | +54.2% | +26.0% | +0.5% |
| 2020 | +20.7% | +19.0% | +0.4% |
| 2019 | -12.1% | -23.0% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1991 |
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 Harding Land Trust 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: 80%
- fundraising: 10%
According to IRS 990 filings, Harding Land Trust Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $64K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as no specific figures for executive salaries are included in the summary filings.
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 Harding Land Trust Inc's IRS 990 filings:
- Revenue has fluctuated significantly over the past several years, from a high of $465,074 in 2022 to a low of $145,021 in 2016, indicating potential instability in funding streams.
- The organization reported a substantial expense of $1,295,830 in 2017, significantly higher than other years, without immediate explanation in the summary data.
Strengths
The following positive indicators were identified for Harding Land Trust Inc:
- The organization maintains a very strong asset base, consistently above $19 million, suggesting long-term financial stability and capacity.
- Harding Land Trust has consistently reported low liabilities, indicating sound financial management and minimal debt burden.
- The organization has a long history of operations, with consistent filings dating back to at least 2016, demonstrating longevity and commitment to its mission.
Frequently Asked Questions about Harding Land Trust Inc
Is Harding Land Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harding Land Trust Inc (EIN: 223084414) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Harding Land Trust Inc spend its money?
Harding Land Trust Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harding Land Trust Inc tax-deductible?
Harding Land Trust Inc is registered as a tax-exempt nonprofit (EIN: 223084414). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harding Land Trust Inc's spending goes to programs?
Harding Land Trust Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harding Land Trust Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Harding Land Trust Inc is above average for NTEE category C340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harding Land Trust Inc located?
Harding Land Trust Inc is headquartered in New Vernon, New Jersey and files with the IRS under EIN 223084414. It is classified under NTEE code C340.
How many years of IRS 990 filings does Harding Land Trust Inc have?
Harding Land Trust Inc has 13 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 $390K in total revenue.
What does Harding Land Trust Inc do?
Harding Land Trust Inc is a nonprofit organization in the Environment sector, located in New Vernon, New Jersey. It is classified under NTEE code C340.
How much revenue does Harding Land Trust Inc have?
Harding Land Trust Inc reported total revenue of $389,939. Based on 13 IRS 990 filings on record.
What are Harding Land Trust Inc's total assets?
Harding Land Trust Inc holds total assets of $19,696,569 as reported in IRS 990 filings.
Where is Harding Land Trust Inc located?
Harding Land Trust Inc is based in New Vernon, New Jersey.
What is Harding Land Trust Inc's EIN?
Harding Land Trust Inc's Employer Identification Number (EIN) is 223084414. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Harding Land Trust Inc?
Harding Land Trust Inc is classified under NTEE code C340 (Environment).
Is Harding Land Trust Inc a registered 501(c)(3)?
Yes, Harding Land Trust Inc is recognized as a tax-exempt organization by the IRS. EIN: 223084414.
Does Harding Land Trust Inc file IRS Form 990?
Yes, Harding Land Trust Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Harding Land Trust Inc's revenue in 2023?
In the 202312 filing period, Harding Land Trust Inc reported total revenue of $316,784, total expenses of $252,490, and net assets of $19,497,835.
Is Harding Land Trust Inc's revenue growing or declining?
Harding Land Trust Inc's revenue is declining. Revenue went from $465,074 (202212) to $316,784 (202312), a -31.9% change. Based on 13 filings on record.
What is Harding Land Trust Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Harding Land Trust Inc covers tax period 202312. It shows revenue of $316,784, expenses of $252,490, total assets of $19,497,835, and liabilities of $3,156.
How much does Harding Land Trust Inc spend on programs vs administration?
Based on IRS 990 analysis, Harding Land Trust Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Harding Land Trust Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Harding Land Trust Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Harding Land Trust Inc?
The following concerns were identified: Revenue has fluctuated significantly over the past several years, from a high of $465,074 in 2022 to a low of $145,021 in 2016, indicating potential instability in funding streams.. The organization reported a substantial expense of $1,295,830 in 2017, significantly higher than other years, without immediate explanation in the summary data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Harding Land Trust Inc's strengths?
Positive indicators for Harding Land Trust Inc include: The organization maintains a very strong asset base, consistently above $19 million, suggesting long-term financial stability and capacity.. Harding Land Trust has consistently reported low liabilities, indicating sound financial management and minimal debt burden.. The organization has a long history of operations, with consistent filings dating back to at least 2016, demonstrating longevity and commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Harding Land Trust Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as no specific figures for executive salaries are included in the summary filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant fluctuation in annual revenue, what strategies does Harding Land Trust employ to ensure consistent funding for its land preservation efforts?
While the data shows revenue variability, the consistent growth in assets suggests that the organization may rely on a combination of endowment income, planned giving, and diverse fundraising efforts to maintain its financial health despite year-to-year revenue changes.
What specific event or project led to the exceptionally high expenses of $1,295,830 in 2017, and how was this funded without a corresponding spike in reported revenue for that year?
The summary data does not specify the nature of the 2017 expense. It's possible this was a major land acquisition or capital project, potentially funded through prior year reserves, a large one-time grant not categorized as general revenue, or a significant non-cash transaction.
Filing History
IRS 990 filing history for Harding Land Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harding Land Trust Inc's revenue has grown by 130.4%, moving from $138K to $317K. Total assets increased by 165.1% over the same period, from $7.4M to $19.5M. Total functional expenses rose by 71%, from $148K to $252K. In its most recent filing year (2023), Harding Land Trust Inc reported a surplus of $64K, with revenue exceeding expenses. The organization holds $3K in liabilities against $19.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $317K | $252K | $19.5M | $3K | — | — |
| 2022 | $465K | $345K | $19.4M | $27K | — | View 990 |
| 2021 | $418K | $288K | $19.3M | $5K | — | View 990 |
| 2020 | $271K | $229K | $19.2M | $49K | — | — |
| 2019 | $224K | $192K | $19.1M | $11K | — | View 990 |
| 2018 | $255K | $250K | $19.1M | $31K | — | View 990 |
| 2017 | $310K | $1.3M | $19.1M | $10K | — | View 990 |
| 2016 | $145K | $151K | $20.1M | $18K | — | View 990 |
| 2015 | $2.7M | $172K | $20.8M | $690K | — | View 990 |
| 2014 | $186K | $199K | $18.7M | $1.1M | — | View 990 |
| 2013 | $2.7M | $340K | $17.6M | $13K | — | View 990 |
| 2012 | $8.0M | $181K | $15.2M | $19K | — | View 990 |
| 2011 | $138K | $148K | $7.4M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $317K, expenses of $252K, and assets of $19.5M (revenue -31.9% year-over-year).
- 2022: Revenue of $465K, expenses of $345K, and assets of $19.4M (revenue +11.4% year-over-year).
- 2021: Revenue of $418K, expenses of $288K, and assets of $19.3M (revenue +54.2% year-over-year).
- 2020: Revenue of $271K, expenses of $229K, and assets of $19.2M (revenue +20.7% year-over-year).
- 2019: Revenue of $224K, expenses of $192K, and assets of $19.1M (revenue -12.1% year-over-year).
- 2018: Revenue of $255K, expenses of $250K, and assets of $19.1M (revenue -17.8% year-over-year).
- 2017: Revenue of $310K, expenses of $1.3M, and assets of $19.1M (revenue +114.1% year-over-year).
- 2016: Revenue of $145K, expenses of $151K, and assets of $20.1M (revenue -94.6% year-over-year).
- 2015: Revenue of $2.7M, expenses of $172K, and assets of $20.8M (revenue +1334.6% year-over-year).
- 2014: Revenue of $186K, expenses of $199K, and assets of $18.7M (revenue -93.2% year-over-year).
- 2013: Revenue of $2.7M, expenses of $340K, and assets of $17.6M (revenue -65.9% year-over-year).
- 2012: Revenue of $8.0M, expenses of $181K, and assets of $15.2M (revenue +5737.6% year-over-year).
- 2011: Revenue of $138K, expenses of $148K, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harding Land Trust Inc:
Data Sources and Methodology
This transparency report for Harding Land Trust 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.