Hoyt Foundation Inc

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Hoyt Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Hoyt Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hoyt Foundation Inc in one place.

Is Hoyt Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Hoyt Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Hoyt Foundation Inc directs 5% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.

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.

Organization Overview

Hoyt Foundation Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Hoyt Foundation Inc reported a deficit of $5K with expenses exceeding revenue, holds 29.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Hoyt Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $5K, with expenses exceeding revenue.
• Debt-to-asset ratio: 1.1%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Hoyt Foundation Inc:

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.