Holden Land Trust
Holden Land Trust reports negative revenue and zero assets in its latest filing, raising significant financial concerns.
EIN: 161719924 · Holden, ME · NTEE: C34 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $8K |
| Program Spending | 85% |
| Net Assets | $149K |
| Transparency Score | 55/100 |
Is Holden Land Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holden Land Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holden Land Trust
Holden Land Trust (EIN: 161719924) is a nonprofit organization based in Holden, ME, classified under NTEE code C34. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holden Land Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holden Land Trust is a micro nonprofit that has been operating for 20 years, with 4 years of IRS 990 filings on record (2017–2020).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -1291.8% | -55.3% | -49.3% |
| 2019 | -76.1% | -67.6% | -2.5% |
| 2018 | -79.7% | +99.9% | -12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Holden Land Trust with a Mission Score of 55 out of 100 (Fair). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Holden Land Trust allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or receives no salary, which is positive for minimizing administrative costs.
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 Holden Land Trust's IRS 990 filings:
- Negative revenue of $-127,943 in the latest filing (202012).
- Reported $0 in assets in the latest filing (202012), a significant drop from previous years.
- Consistent decline in assets from $344,962 in 2017 to $0 in 2020.
Strengths
The following positive indicators were identified for Holden Land Trust:
- Consistently reports 0% officer compensation, indicating low administrative overhead for leadership.
- Historically maintained assets, though this trend has reversed in the latest filing.
Frequently Asked Questions about Holden Land Trust
Is Holden Land Trust a legitimate charity?
Holden Land Trust (EIN: 161719924) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 55/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Holden Land Trust spend its money?
Holden Land Trust directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Holden Land Trust tax-deductible?
Holden Land Trust is registered as a tax-exempt nonprofit (EIN: 161719924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Holden Land Trust's spending goes to programs?
Holden Land Trust directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Holden Land Trust compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Holden Land Trust is near average for NTEE category C34 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holden Land Trust located?
Holden Land Trust is headquartered in Holden, Maine and files with the IRS under EIN 161719924. It is classified under NTEE code C34.
How many years of IRS 990 filings does Holden Land Trust have?
Holden Land Trust has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What caused the negative revenue of $-127,943 in the 202012 period?
The provided data does not specify the cause of the negative revenue. This could be due to significant returns, accounting adjustments, or a substantial loss, and would require reviewing the full IRS Form 990 for details.
Why are the organization's assets reported as $0 in the latest filing (202012)?
The data shows assets at $0 for the 202012 period, a sharp decline from $148,737 in the prior period. This significant drop to zero assets is highly unusual for a land trust and warrants further investigation into asset disposition or reporting errors.
Is Holden Land Trust financially stable given the latest filing?
Based on the 202012 filing showing negative revenue and zero assets, the organization's financial stability is highly questionable and appears to be in a precarious position. This contrasts sharply with prior years where it held significant assets.
Filing History
IRS 990 filing history for Holden Land Trust showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2020), Holden Land Trust's revenue has declined by 157.7%, moving from $222K to $-127,943. Total assets decreased by 56.9% over the same period, from $345K to $149K. Total functional expenses fell by 71%, from $26K to $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $-127,943 | $8K | $149K | $0 | — | View 990 |
| 2019 | $11K | $17K | $293K | $9K | — | View 990 |
| 2018 | $45K | $53K | $301K | $20K | — | View 990 |
| 2017 | $222K | $26K | $345K | $67K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $-127,943, expenses of $8K, and assets of $149K (revenue -1291.8% year-over-year).
- 2019: Revenue of $11K, expenses of $17K, and assets of $293K (revenue -76.1% year-over-year).
- 2018: Revenue of $45K, expenses of $53K, and assets of $301K (revenue -79.7% year-over-year).
- 2017: Revenue of $222K, expenses of $26K, and assets of $345K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holden Land Trust:
Data Sources and Methodology
This transparency report for Holden Land 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.