Hilda Mullen Foundation
Hilda Mullen Foundation consistently directs 75% of expenses to programs with zero officer compensation.
EIN: 137120449 · New York, NY · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $2.8M |
| Program Spending | 75% |
| Net Assets | $8.0M |
| Transparency Score | 92/100 |
Is Hilda Mullen Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hilda Mullen Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hilda Mullen Foundation
Hilda Mullen Foundation (EIN: 137120449) is a nonprofit organization based in New York, NY, classified under NTEE code T30. The organization reported total revenue of $4.4M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hilda Mullen Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hilda Mullen Foundation is a mid-size nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$709K |
| Total Assets | $8.0M |
| Total Liabilities | $1 |
| Net Assets | $8.0M |
| Operating Margin | 20.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 34.7 months |
Financial Health Grade: A
In 2023, Hilda Mullen Foundation reported a surplus of $709K with revenue exceeding expenses, holds 34.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hilda Mullen Foundation's revenue has grown at a compound annual growth rate (CAGR) of 22.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6985.5% | +83.9% | +9.7% |
| 2022 | -97.6% | +196.7% | -16.6% |
| 2021 | +1433.7% | -51.8% | +20.9% |
| 2020 | -83.8% | +1.6% | -11.3% |
| 2019 | +176.7% | +20.8% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Hilda Mullen Foundation 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Hilda Mullen Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $709K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Hilda Mullen Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual and suggests a volunteer-led or externally managed structure.
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 Hilda Mullen Foundation's IRS 990 filings:
- Highly volatile revenue streams year-over-year, which could impact long-term planning if not managed by a stable endowment.
Strengths
The following positive indicators were identified for Hilda Mullen Foundation:
- Strong program spending ratio (75% in 202312), indicating a focus on mission.
- Zero reported officer compensation across all filings, suggesting high efficiency and volunteer leadership.
- Extremely low liabilities ($1 consistently reported), indicating strong financial health and minimal debt.
- Substantial and stable asset base (over $7 million consistently), providing financial resilience.
- Consistent filing history demonstrating transparency.
Frequently Asked Questions about Hilda Mullen Foundation
Is Hilda Mullen Foundation a legitimate charity?
Hilda Mullen Foundation (EIN: 137120449) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Hilda Mullen Foundation spend its money?
Hilda Mullen Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Hilda Mullen Foundation tax-deductible?
Hilda Mullen Foundation is registered as a tax-exempt nonprofit (EIN: 137120449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hilda Mullen Foundation's spending goes to programs?
Hilda Mullen Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hilda Mullen Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hilda Mullen Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hilda Mullen Foundation located?
Hilda Mullen Foundation is headquartered in New York, New York and files with the IRS under EIN 137120449. It is classified under NTEE code T30.
How many years of IRS 990 filings does Hilda Mullen Foundation have?
Hilda Mullen 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 $4.4M in total revenue.
Is the Hilda Mullen Foundation a good charity?
Based on the available IRS 990 data, the Hilda Mullen Foundation appears to be a very good charity. It consistently allocates a high percentage of its expenses (75% in 202312) to program services, reports zero officer compensation, and maintains minimal liabilities ($1 across all filings), all of which are strong indicators of efficiency and good governance.
How does the Hilda Mullen Foundation manage its finances given volatile revenue?
Despite significant fluctuations in annual revenue, the Hilda Mullen Foundation has maintained a substantial asset base, ranging from $7.1 million to $10.7 million over the years. This suggests that the foundation relies on its endowment or investment returns to fund its operations and programs, providing stability even during periods of low or negative revenue.
What is the Hilda Mullen Foundation's approach to executive compensation?
The Hilda Mullen Foundation reports 0% officer compensation in all available IRS 990 filings. This indicates that its officers are either unpaid volunteers or that executive functions are handled through other means not reflected as direct compensation on the 990, which is a strong positive for efficiency.
Filing History
IRS 990 filing history for Hilda Mullen Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hilda Mullen Foundation's revenue has grown by 1077.4%, moving from $296K to $3.5M. Total assets decreased by 22.3% over the same period, from $10.3M to $8.0M. Total functional expenses rose by 179.6%, from $993K to $2.8M. In its most recent filing year (2023), Hilda Mullen Foundation reported a surplus of $709K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $2.8M | $8.0M | $1 | — | View 990 |
| 2022 | $49K | $1.5M | $7.3M | $1 | — | View 990 |
| 2021 | $2.0M | $509K | $8.8M | $1 | — | View 990 |
| 2020 | $132K | $1.1M | $7.3M | $1 | — | View 990 |
| 2019 | $815K | $1.0M | $8.2M | $1 | — | View 990 |
| 2015 | $295K | $861K | $7.1M | $1 | — | View 990 |
| 2014 | $128K | $1.3M | $7.7M | $1 | — | View 990 |
| 2013 | $-93,445 | $1.9M | $8.8M | $1 | — | View 990 |
| 2012 | $1.8M | $1.4M | $10.7M | $1 | — | View 990 |
| 2011 | $296K | $993K | $10.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $2.8M, and assets of $8.0M (revenue +6985.5% year-over-year).
- 2022: Revenue of $49K, expenses of $1.5M, and assets of $7.3M (revenue -97.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $509K, and assets of $8.8M (revenue +1433.7% year-over-year).
- 2020: Revenue of $132K, expenses of $1.1M, and assets of $7.3M (revenue -83.8% year-over-year).
- 2019: Revenue of $815K, expenses of $1.0M, and assets of $8.2M (revenue +176.7% year-over-year).
- 2015: Revenue of $295K, expenses of $861K, and assets of $7.1M (revenue +130.8% year-over-year).
- 2014: Revenue of $128K, expenses of $1.3M, and assets of $7.7M.
- 2013: Revenue of $-93,445, expenses of $1.9M, and assets of $8.8M (revenue -105.1% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.4M, and assets of $10.7M (revenue +523.3% year-over-year).
- 2011: Revenue of $296K, expenses of $993K, and assets of $10.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hilda Mullen Foundation:
Data Sources and Methodology
This transparency report for Hilda Mullen 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.