Henderson Charitable Trust
Henderson Charitable Trust consistently spends more than it earns annually, drawing from a declining asset base.
EIN: 10511685 · Concord, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14K |
| Total Expenses | $18K |
| Program Spending | 80% |
| Net Assets | $318K |
| Transparency Score | 70/100 |
Is Henderson Charitable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henderson Charitable Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henderson Charitable Trust
Henderson Charitable Trust (EIN: 10511685) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $14K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henderson Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henderson Charitable Trust is a micro nonprofit that has been operating for 29 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -6.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $18K |
| Surplus / Deficit | +$5K |
| Total Assets | $318K |
| Total Liabilities | $1 |
| Net Assets | $318K |
| Operating Margin | 22.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 217.4 months |
Financial Health Grade: A
In 2021, Henderson Charitable Trust reported a surplus of $5K with revenue exceeding expenses, holds 217.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Henderson Charitable Trust's revenue has declined at a compound annual growth rate (CAGR) of -6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +111.7% | +12.7% | +1.6% |
| 2020 | +20.0% | +3.2% | -1.6% |
| 2019 | -30.9% | -37.5% | -12.9% |
| 2014 | -126.2% | -3.7% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Henderson Charitable Trust 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, Henderson Charitable Trust 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the trust, which is highly efficient for an organization of its size.
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 Henderson Charitable Trust's IRS 990 filings:
- Consistent annual expenses exceeding revenue, potentially drawing down the endowment too quickly.
- Declining asset base over the past decade, from $455,363 in 2011 to $317,751 in 2021.
Strengths
The following positive indicators were identified for Henderson Charitable Trust:
- Zero executive compensation reported across all filings, indicating high efficiency in leadership costs.
- Consistent IRS 990 filing history demonstrates transparency and compliance.
- Maintains a substantial asset base ($317,751 in 2021) to support its charitable activities.
Frequently Asked Questions about Henderson Charitable Trust
Is Henderson Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Henderson Charitable Trust (EIN: 10511685) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Henderson Charitable Trust spend its money?
Henderson Charitable Trust directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Henderson Charitable Trust tax-deductible?
Henderson Charitable Trust is registered as a tax-exempt nonprofit (EIN: 10511685). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Henderson Charitable Trust located?
Henderson Charitable Trust is headquartered in Concord, New Hampshire and files with the IRS under EIN 10511685.
How many years of IRS 990 filings does Henderson Charitable Trust have?
Henderson Charitable Trust has 8 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 $14K in total revenue.
What are the specific program activities or grants made by the Henderson Charitable Trust?
The provided data does not detail the specific program activities or grants made by the Henderson Charitable Trust. Further investigation into their Form 990-PF (if applicable) or public disclosures would be needed.
Why have expenses frequently exceeded revenue for the Henderson Charitable Trust?
Expenses have frequently exceeded revenue, as seen in 2020 ($15,567 expenses vs. $10,711 revenue) and 2019 ($15,090 expenses vs. $8,925 revenue), likely indicating that the trust is distributing funds from its endowment rather than solely from annual income. This is common for private foundations.
What caused the significant decline in assets from $455,363 in 2011 to $317,751 in 2021?
The decline in assets from $455,363 in 2011 to $317,751 in 2021 is likely due to the trust's distributions (grants) exceeding its investment income and contributions over that period, consistent with its operational pattern of expenses often surpassing revenue.
Filing History
IRS 990 filing history for Henderson Charitable Trust showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Henderson Charitable Trust's revenue has declined by 47.6%, moving from $43K to $23K. Total assets decreased by 30.2% over the same period, from $455K to $318K. Total functional expenses fell by 58.1%, from $42K to $18K. In its most recent filing year (2021), Henderson Charitable Trust reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1 in liabilities against $318K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $318K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $23K | $18K | $318K | $1 | — | — |
| 2020 | $11K | $16K | $313K | $1 | — | View 990 |
| 2019 | $9K | $15K | $318K | $0 | — | View 990 |
| 2015 | $13K | $24K | $365K | $0 | — | View 990 |
| 2014 | $-1,771 | $26K | $375K | $0 | — | View 990 |
| 2013 | $7K | $27K | $403K | $0 | — | View 990 |
| 2012 | $-3,332 | $29K | $424K | $0 | — | View 990 |
| 2011 | $43K | $42K | $455K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $23K, expenses of $18K, and assets of $318K (revenue +111.7% year-over-year).
- 2020: Revenue of $11K, expenses of $16K, and assets of $313K (revenue +20.0% year-over-year).
- 2019: Revenue of $9K, expenses of $15K, and assets of $318K (revenue -30.9% year-over-year).
- 2015: Revenue of $13K, expenses of $24K, and assets of $365K.
- 2014: Revenue of $-1,771, expenses of $26K, and assets of $375K (revenue -126.2% year-over-year).
- 2013: Revenue of $7K, expenses of $27K, and assets of $403K.
- 2012: Revenue of $-3,332, expenses of $29K, and assets of $424K (revenue -107.7% year-over-year).
- 2011: Revenue of $43K, expenses of $42K, and assets of $455K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henderson Charitable Trust:
Data Sources and Methodology
This transparency report for Henderson Charitable Trust 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.