Henry Parsons Trust
Henry Parsons Trust consistently grows assets with minimal expenses and no executive compensation.
EIN: 16014549 · Kennebunkport, ME · NTEE: T30 · Updated: 2026-03-28
Is Henry Parsons Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henry Parsons Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henry Parsons Trust
Henry Parsons Trust (EIN: 16014549) is a nonprofit organization based in Kennebunkport, ME, classified under NTEE code T30. The organization reported total revenue of $134K and total assets of $825K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry Parsons Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Henry Parsons Trust with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Henry Parsons Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 highly commendable for an organization of its size with assets exceeding $800,000.
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.
Strengths
The following positive indicators were identified for Henry Parsons Trust:
- Consistent asset growth, reaching $852,738 in 2023.
- Extremely low expense ratio relative to revenue, e.g., $27,428 expenses on $181,895 revenue in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and dedication.
- No reported liabilities, demonstrating strong financial stability.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Henry Parsons Trust
Is Henry Parsons Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry Parsons Trust (EIN: 16014549) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Henry Parsons Trust spend its money?
Henry Parsons Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Henry Parsons Trust tax-deductible?
Henry Parsons Trust is registered as a tax-exempt nonprofit (EIN: 16014549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Henry Parsons Trust a good charity?
Based on its financial data, Henry Parsons Trust appears to be a very well-managed and efficient organization. It maintains strong assets, incurs minimal expenses, and reports no executive compensation, all of which are positive indicators.
What is the primary activity of Henry Parsons Trust?
Given its NTEE code T30 (Foundations, Grantmaking & Giving Services) and its financial structure (significant assets, low expenses), it is likely that the trust primarily engages in grant-making or managing an endowment to support other charitable activities.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved, with assets growing from $431,559 in 2014 to $852,738 in 2023. Revenue has also shown substantial growth and variability, with a notable peak of $318,024 in 2022.
Filing History
IRS 990 filing history for Henry Parsons Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Henry Parsons Trust's revenue has grown by 347.9%, moving from $41K to $182K. Total assets increased by 90.4% over the same period, from $448K to $853K. Total functional expenses fell by 4.4%, from $29K to $27K. In its most recent filing year (2023), Henry Parsons Trust reported a surplus of $154K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $27K | $853K | $0 | — | — |
| 2022 | $318K | $26K | $698K | $0 | — | — |
| 2021 | $2K | $39K | $407K | $0 | — | View 990 |
| 2020 | $26K | $21K | $443K | $0 | — | — |
| 2019 | $13K | $3K | $437K | $0 | — | View 990 |
| 2018 | $43K | $14K | $427K | $0 | — | View 990 |
| 2017 | $4K | $26K | $398K | $0 | — | View 990 |
| 2016 | $-6,526 | $24K | $420K | $0 | — | View 990 |
| 2015 | $38K | $19K | $451K | $0 | — | View 990 |
| 2014 | $9K | $27K | $432K | $0 | — | View 990 |
| 2013 | $70K | $15K | $450K | $0 | — | View 990 |
| 2012 | $-34,626 | $18K | $395K | $0 | — | View 990 |
| 2011 | $41K | $29K | $448K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $182K, expenses of $27K, and assets of $853K (revenue -42.8% year-over-year).
- 2022: Revenue of $318K, expenses of $26K, and assets of $698K (revenue +12801.6% year-over-year).
- 2021: Revenue of $2K, expenses of $39K, and assets of $407K (revenue -90.6% year-over-year).
- 2020: Revenue of $26K, expenses of $21K, and assets of $443K (revenue +98.2% year-over-year).
- 2019: Revenue of $13K, expenses of $3K, and assets of $437K (revenue -69.1% year-over-year).
- 2018: Revenue of $43K, expenses of $14K, and assets of $427K (revenue +1009.8% year-over-year).
- 2017: Revenue of $4K, expenses of $26K, and assets of $398K.
- 2016: Revenue of $-6,526, expenses of $24K, and assets of $420K (revenue -117.3% year-over-year).
- 2015: Revenue of $38K, expenses of $19K, and assets of $451K (revenue +340.4% year-over-year).
- 2014: Revenue of $9K, expenses of $27K, and assets of $432K (revenue -87.7% year-over-year).
- 2013: Revenue of $70K, expenses of $15K, and assets of $450K.
- 2012: Revenue of $-34,626, expenses of $18K, and assets of $395K (revenue -185.3% year-over-year).
- 2011: Revenue of $41K, expenses of $29K, and assets of $448K.
Data Sources and Methodology
This transparency report for Henry Parsons 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.