Hoyt Fund
Hoyt Fund consistently spends more than it earns, leading to a significant decline in assets over the past decade.
EIN: 137125482 · Brunswick, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $55K |
| Program Spending | 70% |
| Net Assets | $245K |
| Transparency Score | 45/100 |
Is Hoyt Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoyt Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hoyt Fund
Hoyt Fund (EIN: 137125482) is a nonprofit organization based in Brunswick, ME. The organization reported total revenue of $66K and total assets of $221K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoyt Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoyt Fund is a micro nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $55K |
| Surplus / Deficit | $-29,500 |
| Total Assets | $245K |
| Total Liabilities | $1 |
| Net Assets | $245K |
| Operating Margin | -114.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 53.0 months |
Financial Health Grade: B
In 2023, Hoyt Fund reported a deficit of $30K with expenses exceeding revenue, holds 53.0 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), Hoyt Fund's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.0% | -0.7% | -10.8% |
| 2022 | -68.6% | +7.3% | -12.1% |
| 2021 | +282.3% | -10.3% | +1.7% |
| 2020 | -30.7% | -1.7% | -12.3% |
| 2019 | -56.7% | +46.4% | -21.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Fund with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hoyt Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Hoyt Fund consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient in terms of executive overhead.
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 Fund's IRS 990 filings:
- Consistent operational deficits: Expenses have exceeded revenue in most reported periods, including $55,327 in expenses vs. $25,827 in revenue in 2023.
- Significant decline in assets: Total assets have decreased from $531,839 in 2011 to $244,558 in 2023, indicating unsustainable spending.
- Lack of detailed expense breakdown: The provided data does not allow for a precise analysis of program vs. administrative vs. fundraising spending.
Strengths
The following positive indicators were identified for Hoyt Fund:
- Consistent IRS 990 filing history: 10 filings demonstrate good transparency practices.
- No reported officer compensation: This indicates a very lean executive overhead and efficient use of funds in terms of leadership salaries.
- Low liabilities: Liabilities consistently reported as $1, suggesting minimal debt.
Frequently Asked Questions about Hoyt Fund
Is Hoyt Fund a legitimate charity?
Hoyt Fund (EIN: 137125482) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $66K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hoyt Fund spend its money?
Hoyt Fund directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Hoyt Fund tax-deductible?
Hoyt Fund is registered as a tax-exempt nonprofit (EIN: 137125482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hoyt Fund's spending goes to programs?
Hoyt Fund directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Hoyt Fund located?
Hoyt Fund is headquartered in Brunswick, Maine and files with the IRS under EIN 137125482.
How many years of IRS 990 filings does Hoyt Fund have?
Hoyt Fund 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 $66K in total revenue.
How does the Hoyt Fund cover its consistent operational deficits?
The Hoyt Fund appears to cover its operational deficits by drawing down its assets. For example, in 2023, expenses ($55,327) were more than double the revenue ($25,827), and total assets decreased from $274,050 in 2022 to $244,558 in 2023.
What is the long-term financial strategy for the Hoyt Fund given its declining assets?
The provided data does not detail the Hoyt Fund's long-term financial strategy. However, with assets declining from $531,839 in 2011 to $244,558 in 2023 due to consistent spending exceeding revenue, a clear strategy for revenue growth or expense reduction is critical for sustainability.
What are the primary sources of revenue for the Hoyt Fund?
The provided data only shows total revenue figures, such as $25,827 in 2023. It does not specify the primary sources (e.g., donations, investments, grants).
Filing History
IRS 990 filing history for Hoyt Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hoyt Fund's revenue has grown by 264.8%, moving from $7K to $26K. Total assets decreased by 54% over the same period, from $532K to $245K. Total functional expenses rose by 11.1%, from $50K to $55K. In its most recent filing year (2023), Hoyt Fund reported a deficit of $30K, with expenses exceeding revenue. The organization holds $1 in liabilities against $245K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $245K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $55K | $245K | $1 | — | — |
| 2022 | $18K | $56K | $274K | $1 | — | — |
| 2021 | $57K | $52K | $312K | $1 | — | — |
| 2020 | $15K | $58K | $307K | $1 | — | — |
| 2019 | $22K | $59K | $349K | $1 | — | View 990 |
| 2015 | $50K | $40K | $446K | $1 | — | View 990 |
| 2014 | $23K | $40K | $436K | $1 | — | View 990 |
| 2013 | $15K | $50K | $453K | $1 | — | View 990 |
| 2012 | $2K | $46K | $488K | $1 | — | View 990 |
| 2011 | $7K | $50K | $532K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $55K, and assets of $245K (revenue +44.0% year-over-year).
- 2022: Revenue of $18K, expenses of $56K, and assets of $274K (revenue -68.6% year-over-year).
- 2021: Revenue of $57K, expenses of $52K, and assets of $312K (revenue +282.3% year-over-year).
- 2020: Revenue of $15K, expenses of $58K, and assets of $307K (revenue -30.7% year-over-year).
- 2019: Revenue of $22K, expenses of $59K, and assets of $349K (revenue -56.7% year-over-year).
- 2015: Revenue of $50K, expenses of $40K, and assets of $446K (revenue +115.0% year-over-year).
- 2014: Revenue of $23K, expenses of $40K, and assets of $436K (revenue +56.8% year-over-year).
- 2013: Revenue of $15K, expenses of $50K, and assets of $453K (revenue +541.4% year-over-year).
- 2012: Revenue of $2K, expenses of $46K, and assets of $488K (revenue -67.5% year-over-year).
- 2011: Revenue of $7K, expenses of $50K, and assets of $532K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoyt Fund:
Data Sources and Methodology
This transparency report for Hoyt 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.