Harold Dudley Charitable Foundation
Harold Dudley Charitable Foundation reports $1 in revenue against $57,191 in expenses in latest filing, with assets plummeting to $1.
EIN: 16166206 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $57K |
| Net Assets | $0 |
| Transparency Score | 10/100 |
Is Harold Dudley Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harold Dudley Charitable Foundation
Harold Dudley Charitable Foundation (EIN: 16166206) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $1 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harold Dudley Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harold Dudley Charitable Foundation is a micro nonprofit, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -39.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $57K |
| Surplus / Deficit | $-57,190 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | -5719000.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Harold Dudley Charitable Foundation reported a deficit of $57K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Harold Dudley Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -39.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | +1528.4% | -100.0% |
| 2022 | +116.5% | +240.3% | +57.1% |
| 2021 | +1453900.0% | -16.9% | +38.1% |
| 2020 | +0.0% | -18.2% | -3.4% |
| 2019 | -93.3% | -85.7% | -29.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Harold Dudley Charitable Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Harold Dudley Charitable Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $57K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
No officer compensation has been reported across all ten filings, suggesting either a fully volunteer-run organization or that compensation is handled in a non-standard, undisclosed manner, which limits transparency regarding leadership costs.
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 Harold Dudley Charitable Foundation's IRS 990 filings:
- Extremely low reported revenue ($1 in multiple years) compared to expenses (e.g., $57,191 in 202312).
- Dramatic decrease in assets from $76,955 in 202212 to $1 in 202312.
- Unexplained high expenses relative to reported income, indicating an unsustainable financial model.
- Lack of detailed spending breakdown in the provided data, making it impossible to assess program efficiency.
- Consistent reporting of $1 in liabilities, which is unusual for an organization with fluctuating assets and expenses.
Strengths
The following positive indicators were identified for Harold Dudley Charitable Foundation:
- Consistent reporting of zero officer compensation across all filings, suggesting a volunteer-led structure or efficient use of funds if compensation is truly absent.
Frequently Asked Questions about Harold Dudley Charitable Foundation
Is Harold Dudley Charitable Foundation a legitimate charity?
Harold Dudley Charitable Foundation (EIN: 16166206) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 10/100. It has 10 years of IRS 990 filings on record. Total revenue: $1. 5 red flags identified. 1 strength noted. Financial health grade: D.
How does Harold Dudley Charitable Foundation spend its money?
Harold Dudley Charitable Foundation reported $1 in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Harold Dudley Charitable Foundation tax-deductible?
Harold Dudley Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 16166206). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Harold Dudley Charitable Foundation located?
Harold Dudley Charitable Foundation is headquartered in Portland, Maine and files with the IRS under EIN 16166206.
How many years of IRS 990 filings does Harold Dudley Charitable Foundation have?
Harold Dudley Charitable Foundation 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 $1 in total revenue.
Is Harold Dudley Charitable Foundation a good charity?
Based on the available financial data, it is difficult to assess if the Harold Dudley Charitable Foundation is a 'good' charity in the traditional sense. The consistent reporting of $1 in revenue in multiple years, coupled with significant expenses (e.g., $57,191 in 202312), raises serious questions about its operational model and funding sources. The dramatic decrease in assets from $76,955 in 202212 to $1 in 202312 is also a major concern.
What is the primary source of funding for the foundation given its low reported revenue?
The IRS 990 data consistently shows extremely low reported revenue, often $1, while expenses are significantly higher. This suggests that the primary source of funding is either not being accurately reported as 'revenue' on the 990, or the organization is drawing heavily from its asset base, which has now largely depleted, or it is operating on an unusual financial model not clearly reflected in standard revenue reporting.
Why did the foundation's assets drop from $76,955 to $1 in one year (202212 to 202312)?
The precipitous drop in assets from $76,955 in 202212 to $1 in 202312 is a critical financial event that is not explained by the provided data. This could indicate a significant liquidation of assets, a major transfer of funds, or a reclassification of holdings, all of which warrant further investigation to understand the foundation's financial stability and purpose.
How does the foundation cover its expenses with such minimal reported revenue?
With reported revenues as low as $1 in several years, and expenses reaching $57,191 in 202312, the foundation must be covering its expenses through means not categorized as 'revenue' on the 990, or by liquidating assets. The latter appears to be the case given the asset decline, but this is not a sustainable model.
What are the 'expenses' being incurred if there is no officer compensation and minimal revenue?
The nature of the expenses, particularly the $57,191 in 202312, is unclear given the lack of officer compensation and minimal revenue. Without a detailed breakdown of program, administrative, and fundraising expenses, it's impossible to determine what activities these funds are supporting, especially with assets now at $1.
Filing History
IRS 990 filing history for Harold Dudley Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harold Dudley Charitable Foundation's revenue has declined by 99.8%, moving from $423 to $1. Total assets decreased by 100% over the same period, from $96K to $1. Total functional expenses rose by 511.3%, from $9K to $57K. In its most recent filing year (2023), Harold Dudley Charitable Foundation reported a deficit of $57K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $57K | $1 | $1 | — | — |
| 2022 | $31K | $4K | $77K | $1 | — | View 990 |
| 2021 | $15K | $1K | $49K | $1 | — | — |
| 2020 | $1 | $1K | $35K | $1 | — | View 990 |
| 2019 | $1 | $2K | $37K | $1 | — | View 990 |
| 2015 | $15 | $11K | $52K | $1 | — | View 990 |
| 2014 | $15 | $13K | $63K | $1 | — | View 990 |
| 2013 | $15 | $10K | $76K | $1 | — | View 990 |
| 2012 | $15 | $9K | $87K | $1 | — | View 990 |
| 2011 | $423 | $9K | $96K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $57K, and assets of $1 (revenue -100.0% year-over-year).
- 2022: Revenue of $31K, expenses of $4K, and assets of $77K (revenue +116.5% year-over-year).
- 2021: Revenue of $15K, expenses of $1K, and assets of $49K (revenue +1453900.0% year-over-year).
- 2020: Revenue of $1, expenses of $1K, and assets of $35K (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $2K, and assets of $37K (revenue -93.3% year-over-year).
- 2015: Revenue of $15, expenses of $11K, and assets of $52K (revenue +0.0% year-over-year).
- 2014: Revenue of $15, expenses of $13K, and assets of $63K (revenue +0.0% year-over-year).
- 2013: Revenue of $15, expenses of $10K, and assets of $76K (revenue +0.0% year-over-year).
- 2012: Revenue of $15, expenses of $9K, and assets of $87K (revenue -96.5% year-over-year).
- 2011: Revenue of $423, expenses of $9K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harold Dudley Charitable Foundation:
Data Sources and Methodology
This transparency report for Harold Dudley Charitable Foundation 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.