Hollow Metal Trust Fund
Hollow Metal Trust Fund shows consistent revenue but recent operating deficits, maintaining substantial assets with no reported officer compensation.
EIN: 112750720 · New York, NY · NTEE: T90Z · Updated: 2026-03-28
Is Hollow Metal Trust Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hollow Metal Trust Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hollow Metal Trust Fund
Hollow Metal Trust Fund (EIN: 112750720) is a nonprofit organization based in New York, NY, classified under NTEE code T90Z. The organization reported total revenue of $41.3M and total assets of $36.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hollow Metal Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hollow Metal Trust Fund with a Mission Score of 70 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Hollow Metal Trust Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual expenses exceeding $10 million. This suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within the 990, warranting further scrutiny.
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 Hollow Metal Trust Fund's IRS 990 filings:
- Consistent operating deficits in recent years (2022 and 2023), where expenses exceeded revenue by over $1.5 million annually.
- Unusually low (0%) reported officer compensation for an organization with over $10 million in annual expenses, which may obscure true leadership costs or indicate an unusual operational structure.
Strengths
The following positive indicators were identified for Hollow Metal Trust Fund:
- Strong and stable asset base, consistently above $35 million, providing financial resilience.
- Long history of consistent IRS 990 filings (13 filings), indicating a commitment to regulatory compliance and transparency.
- Consistent revenue generation, typically in the $8.5 million to $12 million range annually, demonstrating a stable funding stream.
Frequently Asked Questions about Hollow Metal Trust Fund
Is Hollow Metal Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Hollow Metal Trust Fund (EIN: 112750720) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Hollow Metal Trust Fund spend its money?
Hollow Metal Trust Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hollow Metal Trust Fund tax-deductible?
Hollow Metal Trust Fund is registered as a tax-exempt nonprofit (EIN: 112750720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Hollow Metal Trust Fund consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size. It could indicate a volunteer-led executive team, or that compensation for leadership is reported under other expense categories, or paid through a related entity. A deeper dive into the full 990 forms, particularly Part VII and Schedule J, would be needed to understand this structure.
What is the cause of the recent operating deficits in 2022 and 2023?
In 2023, expenses ($10,194,839) exceeded revenue ($8,511,763) by approximately $1.68 million, and in 2022, expenses ($10,306,291) exceeded revenue ($8,795,085) by about $1.51 million. This trend suggests that the organization is spending more than it earns. The specific reasons for these deficits would require examining the detailed expense categories and revenue sources within the full 990 filings to identify any significant changes or one-time expenditures.
How does the organization manage to maintain substantial assets despite recent deficits?
Despite recent operating deficits, Hollow Metal Trust Fund maintains significant assets, with $35,922,961 in 2023. This indicates a strong historical financial position and potentially substantial reserves or endowments that are being drawn upon to cover current operational shortfalls. While assets provide a buffer, sustained deficits could erode this base over time.
Filing History
IRS 990 filing history for Hollow Metal Trust Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hollow Metal Trust Fund's revenue has declined by 23.8%, moving from $11.2M to $8.5M. Total assets increased by 24.4% over the same period, from $28.9M to $35.9M. Total functional expenses rose by 32.6%, from $7.7M to $10.2M. In its most recent filing year (2023), Hollow Metal Trust Fund reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $520K in liabilities against $35.9M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $35.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $8.5M | $10.2M | $35.9M | $520K | — | — |
| 2022 | $8.8M | $10.3M | $36.2M | $445K | — | View 990 |
| 2021 | $12.7M | $13.3M | $38.3M | $62K | — | View 990 |
| 2020 | $9.2M | $9.6M | $40.2M | $36K | — | View 990 |
| 2019 | $11.2M | $9.1M | $39.8M | $46K | — | View 990 |
| 2018 | $10.2M | $9.6M | $35.6M | $27K | — | View 990 |
| 2017 | $10.2M | $10.2M | $35.8M | $57K | — | — |
| 2016 | $9.3M | $9.7M | $35.1M | $186K | — | View 990 |
| 2015 | $9.6M | $9.2M | $34.7M | $905K | — | View 990 |
| 2014 | $11.0M | $9.0M | $34.4M | $859K | — | View 990 |
| 2013 | $8.0M | $7.2M | $34.1M | $297K | — | View 990 |
| 2012 | $8.9M | $6.8M | $31.6M | $109K | — | View 990 |
| 2011 | $11.2M | $7.7M | $28.9M | $169K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.5M, expenses of $10.2M, and assets of $35.9M (revenue -3.2% year-over-year).
- 2022: Revenue of $8.8M, expenses of $10.3M, and assets of $36.2M (revenue -30.5% year-over-year).
- 2021: Revenue of $12.7M, expenses of $13.3M, and assets of $38.3M (revenue +37.6% year-over-year).
- 2020: Revenue of $9.2M, expenses of $9.6M, and assets of $40.2M (revenue -17.8% year-over-year).
- 2019: Revenue of $11.2M, expenses of $9.1M, and assets of $39.8M (revenue +10.1% year-over-year).
- 2018: Revenue of $10.2M, expenses of $9.6M, and assets of $35.6M (revenue -0.3% year-over-year).
- 2017: Revenue of $10.2M, expenses of $10.2M, and assets of $35.8M (revenue +9.9% year-over-year).
- 2016: Revenue of $9.3M, expenses of $9.7M, and assets of $35.1M (revenue -2.9% year-over-year).
- 2015: Revenue of $9.6M, expenses of $9.2M, and assets of $34.7M (revenue -12.7% year-over-year).
- 2014: Revenue of $11.0M, expenses of $9.0M, and assets of $34.4M (revenue +36.1% year-over-year).
- 2013: Revenue of $8.0M, expenses of $7.2M, and assets of $34.1M (revenue -9.2% year-over-year).
- 2012: Revenue of $8.9M, expenses of $6.8M, and assets of $31.6M (revenue -20.7% year-over-year).
- 2011: Revenue of $11.2M, expenses of $7.7M, and assets of $28.9M.
Data Sources and Methodology
This transparency report for Hollow Metal Trust Fund 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.