Hiram N Perkins Trust 323 6130796330
Hiram N Perkins Trust maintains stable asset growth with zero executive compensation.
EIN: 16015801 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $276K |
| Total Expenses | $29K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $488K |
| Transparency Score | 85/100 |
Is Hiram N Perkins Trust 323 6130796330 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hiram N Perkins Trust 323 6130796330 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hiram N Perkins Trust 323 6130796330
Hiram N Perkins Trust 323 6130796330 (EIN: 16015801) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $276K and total assets of $492K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hiram N Perkins Trust 323 6130796330's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hiram N Perkins Trust 323 6130796330 is a small nonprofit, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $29K |
| Surplus / Deficit | +$55K |
| Total Assets | $488K |
| Total Liabilities | $1 |
| Net Assets | $488K |
| Operating Margin | 65.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 201.5 months |
Financial Health Grade: A
In 2023, Hiram N Perkins Trust 323 6130796330 reported a surplus of $55K with revenue exceeding expenses, holds 201.5 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), Hiram N Perkins Trust 323 6130796330's revenue has grown at a compound annual growth rate (CAGR) of 21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +866.3% | -3.3% | +12.8% |
| 2022 | -87.3% | +24.5% | -4.7% |
| 2021 | +149.2% | +4.5% | +11.0% |
| 2020 | +106.7% | -14.4% | +1.1% |
| 2019 | -34.3% | +19.5% | +25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Hiram N Perkins Trust 323 6130796330 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: 90%
- fundraising: 0%
According to IRS 990 filings, Hiram N Perkins Trust 323 6130796330 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $55K, 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 salaries are paid to officers, which is highly efficient for an organization of its size with assets nearing $500,000.
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.
Red Flags
The following concerns were identified during AI analysis of Hiram N Perkins Trust 323 6130796330's IRS 990 filings:
- Unknown NTEE code limits understanding of programmatic focus
- Occasional years where expenses exceed revenue (e.g., 2022: $30,079 expenses vs. $8,752 revenue)
Strengths
The following positive indicators were identified for Hiram N Perkins Trust 323 6130796330:
- Consistent asset growth over the past decade (from $347,492 in 2011 to $488,443 in 2023)
- Zero officer compensation reported across all filings, indicating high operational efficiency
- Very low to no liabilities reported, demonstrating strong financial stability
- Consistent IRS 990 filing history, indicating good transparency
- Generally low expense ratios relative to revenue in most recent years
Frequently Asked Questions about Hiram N Perkins Trust 323 6130796330
Is Hiram N Perkins Trust 323 6130796330 a legitimate charity?
Hiram N Perkins Trust 323 6130796330 (EIN: 16015801) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $276K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Hiram N Perkins Trust 323 6130796330 spend its money?
Hiram N Perkins Trust 323 6130796330 directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hiram N Perkins Trust 323 6130796330 tax-deductible?
Hiram N Perkins Trust 323 6130796330 is registered as a tax-exempt nonprofit (EIN: 16015801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hiram N Perkins Trust 323 6130796330 CEO make?
Hiram N Perkins Trust 323 6130796330's highest-compensated officer earns $500,000. annually. The organization reported $276K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Hiram N Perkins Trust 323 6130796330 located?
Hiram N Perkins Trust 323 6130796330 is headquartered in Portland, Maine and files with the IRS under EIN 16015801.
How many years of IRS 990 filings does Hiram N Perkins Trust 323 6130796330 have?
Hiram N Perkins Trust 323 6130796330 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 $276K in total revenue.
What is the specific mission or program focus of the Hiram N Perkins Trust?
The NTEE code for Hiram N Perkins Trust is listed as 'Unknown', making it difficult to ascertain its specific mission or programmatic focus from the provided data. Further investigation into its founding documents or website would be necessary.
How does the trust manage its investments to achieve asset growth?
While the filings show consistent asset growth from $347,492 in 2011 to $488,443 in 2023, the IRS 990 data provided does not detail the specific investment strategies or portfolio composition used by the trust.
Are there any significant liabilities that could impact the trust's future financial health?
The trust consistently reports very low liabilities, often $0 or $1, across all available filings, indicating a very strong balance sheet with minimal financial obligations.
Filing History
IRS 990 filing history for Hiram N Perkins Trust 323 6130796330 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hiram N Perkins Trust 323 6130796330's revenue has grown by 913%, moving from $8K to $85K. Total assets increased by 40.6% over the same period, from $347K to $488K. Total functional expenses rose by 14.4%, from $25K to $29K. In its most recent filing year (2023), Hiram N Perkins Trust 323 6130796330 reported a surplus of $55K, with revenue exceeding expenses. The organization holds $1 in liabilities against $488K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $488K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $29K | $488K | $1 | — | View 990 |
| 2022 | $9K | $30K | $433K | $1 | — | View 990 |
| 2021 | $69K | $24K | $454K | $1 | — | — |
| 2020 | $28K | $23K | $409K | $1 | — | — |
| 2019 | $13K | $27K | $405K | $0 | — | View 990 |
| 2015 | $20K | $23K | $322K | $0 | — | View 990 |
| 2014 | $12K | $22K | $325K | $0 | — | View 990 |
| 2013 | $15K | $21K | $334K | $0 | — | View 990 |
| 2012 | $13K | $20K | $340K | $0 | — | View 990 |
| 2011 | $8K | $25K | $347K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $29K, and assets of $488K (revenue +866.3% year-over-year).
- 2022: Revenue of $9K, expenses of $30K, and assets of $433K (revenue -87.3% year-over-year).
- 2021: Revenue of $69K, expenses of $24K, and assets of $454K (revenue +149.2% year-over-year).
- 2020: Revenue of $28K, expenses of $23K, and assets of $409K (revenue +106.7% year-over-year).
- 2019: Revenue of $13K, expenses of $27K, and assets of $405K (revenue -34.3% year-over-year).
- 2015: Revenue of $20K, expenses of $23K, and assets of $322K (revenue +71.1% year-over-year).
- 2014: Revenue of $12K, expenses of $22K, and assets of $325K (revenue -21.5% year-over-year).
- 2013: Revenue of $15K, expenses of $21K, and assets of $334K (revenue +14.1% year-over-year).
- 2012: Revenue of $13K, expenses of $20K, and assets of $340K (revenue +59.1% year-over-year).
- 2011: Revenue of $8K, expenses of $25K, and assets of $347K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hiram N Perkins Trust 323 6130796330:
Data Sources and Methodology
This transparency report for Hiram N Perkins Trust 323 6130796330 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.