Henry Parsons Trust

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Henry Parsons Trust Form 990, Revenue, CEO Pay, and IRS Filing Signals

Henry Parsons Trust is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Henry Parsons Trust in one place.

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 →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Henry Parsons Trust shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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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.

Organization Overview

Henry Parsons Trust is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Henry Parsons Trust reported a surplus of $154K with revenue exceeding expenses, holds 373.1 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2011–2023), Henry Parsons Trust's revenue has grown at a compound annual growth rate (CAGR) of 13.3%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $154K, with revenue exceeding expenses.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Henry Parsons Trust:

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.