Hetrick Martin Institute Inc
Hetrick Martin Institute shows strong revenue growth and asset accumulation, with no reported officer compensation.
EIN: 133104537 · New York, NY · NTEE: P010 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.1M |
| Total Expenses | $10.4M |
| Program Spending | 80% |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Hetrick Martin Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hetrick Martin Institute Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hetrick Martin Institute Inc
Hetrick Martin Institute Inc (EIN: 133104537) is a nonprofit organization based in New York, NY, classified under NTEE code P010. The organization reported total revenue of $11.1M and total assets of $18.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hetrick Martin Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hetrick Martin Institute Inc is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.4M |
| Total Expenses | $10.4M |
| Surplus / Deficit | +$985K |
| Total Assets | $20.9M |
| Total Liabilities | $18.0M |
| Net Assets | $2.9M |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 86.1% |
| Months of Reserves | 24.0 months |
Financial Health Grade: A
In 2023, Hetrick Martin Institute Inc reported a surplus of $985K with revenue exceeding expenses, holds 24.0 months of operating reserves (strong position), has a debt-to-asset ratio of 86.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hetrick Martin Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.0% | +11.4% | +442.6% |
| 2022 | -9.8% | +15.9% | -19.2% |
| 2021 | +4.7% | -7.9% | +24.3% |
| 2020 | +3.6% | +8.5% | +3.7% |
| 2019 | -11.7% | -8.7% | -6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Hetrick Martin Institute 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, Hetrick Martin Institute 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 $985K, with revenue exceeding expenses.
- Debt-to-asset ratio: 86.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and suggests either volunteer leadership or compensation structured in a way not captured under this specific 990 line item.
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 Hetrick Martin Institute Inc's IRS 990 filings:
- Significant increase in liabilities in 202306 without clear explanation in summary data.
- Consistent 0% officer compensation for an organization of this size, which is highly unusual and may obscure actual leadership compensation.
Strengths
The following positive indicators were identified for Hetrick Martin Institute Inc:
- Strong and consistent revenue growth over the past decade, with a notable surge in 202306.
- Positive net income in the latest filing (202306: Revenue $11,417,027 vs. Expenses $10,432,284).
- Substantial asset growth, particularly in 202306, indicating increased financial capacity.
- No reported officer compensation, suggesting a commitment to minimizing executive overhead or a volunteer-led structure.
Frequently Asked Questions about Hetrick Martin Institute Inc
Is Hetrick Martin Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hetrick Martin Institute Inc (EIN: 133104537) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Hetrick Martin Institute Inc spend its money?
Hetrick Martin Institute Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hetrick Martin Institute Inc tax-deductible?
Hetrick Martin Institute Inc is registered as a tax-exempt nonprofit (EIN: 133104537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hetrick Martin Institute Inc's spending goes to programs?
Hetrick Martin Institute Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hetrick Martin Institute Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hetrick Martin Institute Inc is above average for NTEE category P010 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hetrick Martin Institute Inc located?
Hetrick Martin Institute Inc is headquartered in New York, New York and files with the IRS under EIN 133104537. It is classified under NTEE code P010.
How many years of IRS 990 filings does Hetrick Martin Institute Inc have?
Hetrick Martin Institute 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 $11.1M in total revenue.
Is Hetrick Martin Institute Inc a good charity?
Based on the available IRS 990 data, Hetrick Martin Institute Inc appears to be a well-managed charity with strong revenue growth and a consistent operational history. The reported 0% officer compensation is a significant positive for efficiency and transparency, though it warrants further investigation to understand how leadership is compensated. Its financial health, particularly the asset growth in 202306, suggests a stable and growing organization.
What caused the significant increase in assets and liabilities in 202306?
The IRS 990 data shows a dramatic increase in assets from $3,846,273 in 202206 to $20,871,571 in 202306, accompanied by a corresponding rise in liabilities from $2,220,106 to $17,962,983. This could indicate a major capital project, a significant loan, or a change in accounting for certain assets or endowments. Further details from the full 990 filing would be needed to understand the specific nature of these changes.
How does Hetrick Martin Institute Inc ensure its leadership is compensated fairly if officer compensation is 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with over $11 million in revenue. This could mean that the leadership is entirely volunteer-based, or that compensation for key management personnel is categorized differently on the 990 (e.g., as independent contractors or through a related organization), or that the organization's definition of 'officer' for compensation purposes is very narrow. A deeper dive into the full 990, particularly Part VII, Section A, would clarify this.
Filing History
IRS 990 filing history for Hetrick Martin Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hetrick Martin Institute Inc's revenue has grown by 99.1%, moving from $5.7M to $11.4M. Total assets increased by 599.4% over the same period, from $3.0M to $20.9M. Total functional expenses rose by 92.9%, from $5.4M to $10.4M. In its most recent filing year (2023), Hetrick Martin Institute Inc reported a surplus of $985K, with revenue exceeding expenses. The organization holds $18.0M in liabilities against $20.9M in assets (debt-to-asset ratio: 86.1%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.4M | $10.4M | $20.9M | $18.0M | — | View 990 |
| 2022 | $7.9M | $9.4M | $3.8M | $2.2M | — | View 990 |
| 2021 | $8.8M | $8.1M | $4.8M | $1.5M | — | View 990 |
| 2020 | $8.4M | $8.8M | $3.8M | $1.3M | — | View 990 |
| 2019 | $8.1M | $8.1M | $3.7M | $772K | — | View 990 |
| 2018 | $9.2M | $8.9M | $3.9M | $1.0M | — | View 990 |
| 2017 | $8.3M | $8.9M | $3.0M | $375K | — | View 990 |
| 2016 | $7.9M | $8.1M | $3.9M | $815K | — | View 990 |
| 2015 | $7.8M | $7.6M | $3.8M | $507K | — | View 990 |
| 2014 | $6.9M | $6.6M | $4.0M | $662K | — | View 990 |
| 2013 | $6.4M | $6.2M | $3.6M | $491K | — | View 990 |
| 2012 | $6.7M | $6.3M | $3.4M | $554K | — | View 990 |
| 2011 | $5.7M | $5.4M | $3.0M | $504K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.4M, expenses of $10.4M, and assets of $20.9M (revenue +44.0% year-over-year).
- 2022: Revenue of $7.9M, expenses of $9.4M, and assets of $3.8M (revenue -9.8% year-over-year).
- 2021: Revenue of $8.8M, expenses of $8.1M, and assets of $4.8M (revenue +4.7% year-over-year).
- 2020: Revenue of $8.4M, expenses of $8.8M, and assets of $3.8M (revenue +3.6% year-over-year).
- 2019: Revenue of $8.1M, expenses of $8.1M, and assets of $3.7M (revenue -11.7% year-over-year).
- 2018: Revenue of $9.2M, expenses of $8.9M, and assets of $3.9M (revenue +10.6% year-over-year).
- 2017: Revenue of $8.3M, expenses of $8.9M, and assets of $3.0M (revenue +4.6% year-over-year).
- 2016: Revenue of $7.9M, expenses of $8.1M, and assets of $3.9M (revenue +1.2% year-over-year).
- 2015: Revenue of $7.8M, expenses of $7.6M, and assets of $3.8M (revenue +13.4% year-over-year).
- 2014: Revenue of $6.9M, expenses of $6.6M, and assets of $4.0M (revenue +8.0% year-over-year).
- 2013: Revenue of $6.4M, expenses of $6.2M, and assets of $3.6M (revenue -4.9% year-over-year).
- 2012: Revenue of $6.7M, expenses of $6.3M, and assets of $3.4M (revenue +17.4% year-over-year).
- 2011: Revenue of $5.7M, expenses of $5.4M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hetrick Martin Institute Inc:
Data Sources and Methodology
This transparency report for Hetrick Martin Institute 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.