Hugh L Adams Charitable Trust
Hugh L Adams Charitable Trust maintains substantial assets with zero officer compensation amidst fluctuating annual revenues.
EIN: 136039262 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.1M |
| Total Expenses | $3.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $47.8M |
| Transparency Score | 85/100 |
Is Hugh L Adams Charitable Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hugh L Adams Charitable Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hugh L Adams Charitable Trust
Hugh L Adams Charitable Trust (EIN: 136039262) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $19.1M and total assets of $48.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hugh L Adams Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hugh L Adams Charitable Trust is a large nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$284K |
| Total Assets | $47.8M |
| Total Liabilities | $1 |
| Net Assets | $47.8M |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 191.6 months |
Financial Health Grade: A
In 2023, Hugh L Adams Charitable Trust reported a surplus of $284K with revenue exceeding expenses, holds 191.6 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), Hugh L Adams Charitable Trust's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +110.4% | -21.1% | -0.6% |
| 2022 | -74.3% | +8.2% | -4.0% |
| 2021 | +84.9% | +6.0% | +5.1% |
| 2020 | +26.3% | +11.1% | +0.3% |
| 2019 | -89.7% | +4.9% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Hugh L Adams Charitable Trust with a Mission Score of 85 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Hugh L Adams Charitable Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $284K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly efficient for an organization of its size with assets nearing $50 million.
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.
Strengths
The following positive indicators were identified for Hugh L Adams Charitable Trust:
- Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
- Substantial and stable asset base ($48.7M currently) providing long-term financial security.
- Minimal to no liabilities reported across all filings, demonstrating strong financial health.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
- Expenses are well-managed and relatively stable compared to the fluctuating revenue, suggesting predictable operational costs.
Frequently Asked Questions about Hugh L Adams Charitable Trust
Is Hugh L Adams Charitable Trust a legitimate charity?
Hugh L Adams Charitable Trust (EIN: 136039262) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $19.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Hugh L Adams Charitable Trust spend its money?
Hugh L Adams Charitable Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hugh L Adams Charitable Trust tax-deductible?
Hugh L Adams Charitable Trust is registered as a tax-exempt nonprofit (EIN: 136039262). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hugh L Adams Charitable Trust CEO make?
Hugh L Adams Charitable Trust's highest-compensated officer earns $50 annually. The organization reported $19.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hugh L Adams Charitable Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hugh L Adams Charitable Trust is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hugh L Adams Charitable Trust located?
Hugh L Adams Charitable Trust is headquartered in New York, New York and files with the IRS under EIN 136039262. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hugh L Adams Charitable Trust have?
Hugh L Adams Charitable Trust 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 $19.1M in total revenue.
How does the Hugh L Adams Charitable Trust manage its significant revenue fluctuations?
The trust's revenue has varied widely, from $25.1M in 2015 to $1.4M in 2014. This suggests reliance on investment income or large, infrequent contributions, which is managed by its substantial and stable asset base (around $48M-$50M in recent years) that can absorb these fluctuations and ensure consistent grantmaking capacity.
What is the primary 'program' activity of this charitable trust?
As a charitable trust with NTEE Code T20 (Philanthropy, Voluntarism & Grantmaking Foundations), its primary program activity is grantmaking to other organizations or individuals, rather than direct service provision. The 0% officer compensation further supports that funds are directed towards this grantmaking mission.
Is the trust's asset growth consistent?
The trust's assets have shown significant growth over the decade, from $24M in 2011 to $48.7M currently, indicating effective asset management and accumulation despite revenue volatility.
Filing History
IRS 990 filing history for Hugh L Adams Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hugh L Adams Charitable Trust's revenue has declined by 15.7%, moving from $3.9M to $3.3M. Total assets increased by 98.7% over the same period, from $24.0M to $47.8M. Total functional expenses rose by 42%, from $2.1M to $3.0M. In its most recent filing year (2023), Hugh L Adams Charitable Trust reported a surplus of $284K, with revenue exceeding expenses. The organization holds $1 in liabilities against $47.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $47.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.0M | $47.8M | $1 | — | View 990 |
| 2022 | $1.6M | $3.8M | $48.1M | $1 | — | View 990 |
| 2021 | $6.1M | $3.5M | $50.1M | $1 | — | View 990 |
| 2020 | $3.3M | $3.3M | $47.6M | $1 | — | — |
| 2019 | $2.6M | $3.0M | $47.5M | $1 | — | View 990 |
| 2015 | $25.2M | $2.8M | $49.9M | $0 | — | View 990 |
| 2014 | $1.4M | $3.1M | $27.6M | $0 | — | View 990 |
| 2013 | $1.5M | $725K | $28.9M | $0 | — | View 990 |
| 2012 | $8.9M | $2.3M | $28.0M | $0 | — | View 990 |
| 2011 | $3.9M | $2.1M | $24.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.0M, and assets of $47.8M (revenue +110.4% year-over-year).
- 2022: Revenue of $1.6M, expenses of $3.8M, and assets of $48.1M (revenue -74.3% year-over-year).
- 2021: Revenue of $6.1M, expenses of $3.5M, and assets of $50.1M (revenue +84.9% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.3M, and assets of $47.6M (revenue +26.3% year-over-year).
- 2019: Revenue of $2.6M, expenses of $3.0M, and assets of $47.5M (revenue -89.7% year-over-year).
- 2015: Revenue of $25.2M, expenses of $2.8M, and assets of $49.9M (revenue +1681.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $3.1M, and assets of $27.6M (revenue -8.7% year-over-year).
- 2013: Revenue of $1.5M, expenses of $725K, and assets of $28.9M (revenue -82.6% year-over-year).
- 2012: Revenue of $8.9M, expenses of $2.3M, and assets of $28.0M (revenue +129.2% year-over-year).
- 2011: Revenue of $3.9M, expenses of $2.1M, and assets of $24.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hugh L Adams Charitable Trust:
Data Sources and Methodology
This transparency report for Hugh L Adams Charitable 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.