Hoyt Foundation Inc
Hoyt Foundation: Declining Assets, Inconsistent Revenue, and High Administrative Costs
EIN: 222940515 · Sturbridge, MA · NTEE: P80 · Updated: 2026-04-04
About Hoyt Foundation Inc
Hoyt Foundation Inc (EIN: 222940515) is a nonprofit organization based in Sturbridge, MA, classified under NTEE code P80. The organization reported total revenue of $923K and total assets of $989K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoyt Foundation Inc'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 Hoyt Foundation Inc with a Mission Score of 65 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: 90%
- programs: 5%
- fundraising: 5%
According to IRS 990 filings, Hoyt Foundation Inc allocates its expenses as follows: admin: 90%, programs: 5%, fundraising: 5%. Only 5% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no reported compensation for key employees, which could be a red flag for transparency or an indication of volunteer leadership.
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 Hoyt Foundation Inc's IRS 990 filings:
- Total assets have consistently declined from $1,263,365 in 2017 to $902,144 in 2023.
- Administrative expenses appear disproportionately high compared to program spending, with total expenses of $362,029 in 2023 and only 5% allocated to programs.
- Revenue has been highly inconsistent, with a significant drop from $494,509 in 2016 to $95,211 in 2021, followed by a rebound to $357,230 in 2023, indicating potential instability.
- The 'c0%' for compensation across all years suggests either volunteer leadership or a lack of detailed reporting on executive compensation, which warrants further investigation.
Strengths
The following positive indicators were identified for Hoyt Foundation Inc:
- The organization has maintained a consistent legal status and has been operating for several years, indicating longevity.
- Despite financial fluctuations, the organization has managed to sustain operations and maintain some level of assets.
Frequently Asked Questions about Hoyt Foundation Inc
What does Hoyt Foundation Inc do?
Hoyt Foundation Inc is a nonprofit organization in the Human Services sector, located in Sturbridge, Massachusetts. It is classified under NTEE code P80.
How much revenue does Hoyt Foundation Inc have?
Hoyt Foundation Inc reported total revenue of $922,530. Based on 13 IRS 990 filings on record.
What are Hoyt Foundation Inc's total assets?
Hoyt Foundation Inc holds total assets of $988,651 as reported in IRS 990 filings.
Where is Hoyt Foundation Inc located?
Hoyt Foundation Inc is based in Sturbridge, Massachusetts.
What is Hoyt Foundation Inc's EIN?
Hoyt Foundation Inc's Employer Identification Number (EIN) is 222940515. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hoyt Foundation Inc?
Hoyt Foundation Inc is classified under NTEE code P80 (Human Services).
Is Hoyt Foundation Inc a registered 501(c)(3)?
Yes, Hoyt Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222940515.
Does Hoyt Foundation Inc file IRS Form 990?
Yes, Hoyt Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Hoyt Foundation Inc's revenue in 2023?
In the 202309 filing period, Hoyt Foundation Inc reported total revenue of $357,230, total expenses of $362,029, and net assets of $902,144.
Is Hoyt Foundation Inc's revenue growing or declining?
Hoyt Foundation Inc's revenue is growing. Revenue went from $302,835 (202209) to $357,230 (202309), a +18.0% change. Based on 13 filings on record.
What is Hoyt Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hoyt Foundation Inc covers tax period 202309. It shows revenue of $357,230, expenses of $362,029, total assets of $902,144, and liabilities of $10,200.
How much does Hoyt Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Hoyt Foundation Inc allocates approximately 5% of expenses to program services, 90% to administrative costs, and 5% to fundraising. Overhead costs appear high relative to program spending.
Is Hoyt Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hoyt Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Hoyt Foundation Inc?
The following concerns were identified: Total assets have consistently declined from $1,263,365 in 2017 to $902,144 in 2023.. Administrative expenses appear disproportionately high compared to program spending, with total expenses of $362,029 in 2023 and only 5% allocated to programs.. Revenue has been highly inconsistent, with a significant drop from $494,509 in 2016 to $95,211 in 2021, followed by a rebound to $357,230 in 2023, indicating potential instability.. The 'c0%' for compensation across all years suggests either volunteer leadership or a lack of detailed reporting on executive compensation, which warrants further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hoyt Foundation Inc's strengths?
Positive indicators for Hoyt Foundation Inc include: The organization has maintained a consistent legal status and has been operating for several years, indicating longevity.. Despite financial fluctuations, the organization has managed to sustain operations and maintain some level of assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Hoyt Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely indicates no reported compensation for key employees, which could be a red flag for transparency or an indication of volunteer leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant decline in assets and the high administrative costs, what is the long-term sustainability plan for the Hoyt Foundation?
The consistent decrease in assets from over $1.2 million to under $1 million, coupled with administrative expenses often exceeding revenue, raises concerns about the foundation's ability to maintain its mission without significant operational changes or new funding strategies.
How does the Hoyt Foundation justify its high administrative spending relative to its program expenditures?
With only 5% of spending allocated to programs in 2023 ($18,101 out of $362,029 total expenses), and administrative costs making up the vast majority, the foundation needs to provide a clear rationale for this allocation and demonstrate how these administrative functions directly support its mission and beneficiaries.
Filing History
IRS 990 filing history for Hoyt Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hoyt Foundation Inc's revenue has grown by 108.2%, moving from $172K to $357K. Total assets increased by 179.4% over the same period, from $323K to $902K. Total functional expenses rose by 384.7%, from $75K to $362K. In its most recent filing year (2023), Hoyt Foundation Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $10K in liabilities against $902K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $892K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $357K | $362K | $902K | $10K | — | — |
| 2022 | $303K | $303K | $873K | $6K | — | View 990 |
| 2021 | $95K | $242K | $977K | $6K | — | View 990 |
| 2020 | $154K | $251K | $1.1M | $6K | — | View 990 |
| 2019 | $175K | $276K | $1.2M | $6K | — | View 990 |
| 2018 | $221K | $201K | $1.2M | $6K | — | View 990 |
| 2017 | $222K | $202K | $1.3M | $6K | — | View 990 |
| 2016 | $495K | $102K | $1.2M | $4K | — | View 990 |
| 2015 | $234K | $127K | $848K | $3K | — | View 990 |
| 2014 | $288K | $132K | $743K | $5K | — | View 990 |
| 2013 | $215K | $82K | $582K | $0 | — | View 990 |
| 2012 | $256K | $130K | $449K | $0 | — | View 990 |
| 2011 | $172K | $75K | $323K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $357K, expenses of $362K, and assets of $902K (revenue +18.0% year-over-year).
- 2022: Revenue of $303K, expenses of $303K, and assets of $873K (revenue +218.1% year-over-year).
- 2021: Revenue of $95K, expenses of $242K, and assets of $977K (revenue -38.0% year-over-year).
- 2020: Revenue of $154K, expenses of $251K, and assets of $1.1M (revenue -12.5% year-over-year).
- 2019: Revenue of $175K, expenses of $276K, and assets of $1.2M (revenue -20.5% year-over-year).
- 2018: Revenue of $221K, expenses of $201K, and assets of $1.2M (revenue -0.7% year-over-year).
- 2017: Revenue of $222K, expenses of $202K, and assets of $1.3M (revenue -55.1% year-over-year).
- 2016: Revenue of $495K, expenses of $102K, and assets of $1.2M (revenue +111.3% year-over-year).
- 2015: Revenue of $234K, expenses of $127K, and assets of $848K (revenue -18.8% year-over-year).
- 2014: Revenue of $288K, expenses of $132K, and assets of $743K (revenue +33.8% year-over-year).
- 2013: Revenue of $215K, expenses of $82K, and assets of $582K (revenue -15.9% year-over-year).
- 2012: Revenue of $256K, expenses of $130K, and assets of $449K (revenue +49.3% year-over-year).
- 2011: Revenue of $172K, expenses of $75K, and assets of $323K.
Data Sources and Methodology
This transparency report for Hoyt Foundation 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.