Hughes Memorial Tr
Hughes Memorial Tr maintains over $1 million in assets with no liabilities or officer compensation, frequently spending more than its annual revenue.
EIN: 206864365 · Manchester, IA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $76K |
| Total Expenses | $63K |
| Program Spending | 95% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Hughes Memorial Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hughes Memorial Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hughes Memorial Tr
Hughes Memorial Tr (EIN: 206864365) is a nonprofit organization based in Manchester, IA, classified under NTEE code T22. The organization reported total revenue of $76K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hughes Memorial Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hughes Memorial Tr is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $63K |
| Surplus / Deficit | $-23,891 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -60.8% |
| Months of Reserves | 203.0 months |
Financial Health Grade: B
In 2023, Hughes Memorial Tr reported a deficit of $24K with expenses exceeding revenue, holds 203.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Hughes Memorial Tr's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.4% | +17.8% | -2.2% |
| 2022 | -34.3% | +20.3% | +0.8% |
| 2021 | +223.4% | +21.3% | +5.2% |
| 2020 | -13.0% | -8.7% | -0.6% |
| 2019 | -14.8% | +3.1% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Hughes Memorial Tr 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Hughes Memorial Tr allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $24K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly efficient for an organization of its size.
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 Hughes Memorial Tr's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in multiple years, such as 2023 ($63,199 expenses vs $39,308 revenue), which, while typical for a foundation, warrants monitoring of asset depletion rate.
Strengths
The following positive indicators were identified for Hughes Memorial Tr:
- Strong asset base of over $1 million, providing significant financial stability.
- Zero reported liabilities across all filings, indicating excellent financial health.
- Zero reported officer compensation, suggesting highly efficient governance and resource allocation.
- Consistent and timely IRS 990 filings, demonstrating good transparency.
- No reported fundraising expenses, implying a focus on direct program activities rather than fundraising overhead.
Frequently Asked Questions about Hughes Memorial Tr
Is Hughes Memorial Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Hughes Memorial Tr (EIN: 206864365) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Hughes Memorial Tr spend its money?
Hughes Memorial Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hughes Memorial Tr tax-deductible?
Hughes Memorial Tr is registered as a tax-exempt nonprofit (EIN: 206864365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hughes Memorial Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hughes Memorial Tr is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hughes Memorial Tr located?
Hughes Memorial Tr is headquartered in Manchester, Iowa and files with the IRS under EIN 206864365. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hughes Memorial Tr have?
Hughes Memorial Tr has 13 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 $76K in total revenue.
Is Hughes Memorial Tr a good charity?
Hughes Memorial Tr demonstrates strong financial stability with over $1 million in assets and no liabilities. Its consistent reporting of zero officer compensation and no fundraising expenses suggests a highly efficient operation focused on its mission. While it frequently spends more than its annual revenue, this is common for foundations drawing from an endowment. Its transparency through regular 990 filings is also a positive.
How does Hughes Memorial Tr manage its expenses relative to its revenue?
Hughes Memorial Tr frequently incurs expenses that exceed its annual revenue. For example, in 2023, expenses were $63,199 while revenue was $39,308. This pattern suggests the organization is utilizing its substantial asset base to fund its activities, which is a sustainable model for a foundation with a large endowment, but it means it is not solely reliant on annual income.
What is the organization's approach to executive compensation and fundraising?
The organization reports 0% officer compensation across all available filings, indicating a volunteer or very lean leadership structure. Similarly, there are no reported fundraising expenses, suggesting it does not actively solicit public donations and likely operates as a private foundation distributing grants from its endowment.
Filing History
IRS 990 filing history for Hughes Memorial Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hughes Memorial Tr's revenue has grown by 129.2%, moving from $17K to $39K. Total assets increased by 3.7% over the same period, from $1.0M to $1.1M. Total functional expenses rose by 77.3%, from $36K to $63K. In its most recent filing year (2023), Hughes Memorial Tr reported a deficit of $24K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $63K | $1.1M | $0 | — | — |
| 2022 | $65K | $54K | $1.1M | $0 | — | — |
| 2021 | $99K | $45K | $1.1M | $0 | — | — |
| 2020 | $31K | $37K | $1.0M | $0 | — | View 990 |
| 2019 | $35K | $40K | $1.0M | $0 | — | View 990 |
| 2018 | $41K | $39K | $1.0M | $0 | — | View 990 |
| 2017 | $49K | $63K | $1.0M | $0 | — | View 990 |
| 2016 | $39K | $57K | $1.1M | $0 | — | View 990 |
| 2015 | $42K | $39K | $1.1M | $0 | — | View 990 |
| 2014 | $25K | $33K | $1.1M | $0 | — | View 990 |
| 2013 | $33K | $32K | $1.1M | $0 | — | View 990 |
| 2012 | $81K | $35K | $1.1M | $0 | — | View 990 |
| 2011 | $17K | $36K | $1.0M | $578 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $63K, and assets of $1.1M (revenue -39.4% year-over-year).
- 2022: Revenue of $65K, expenses of $54K, and assets of $1.1M (revenue -34.3% year-over-year).
- 2021: Revenue of $99K, expenses of $45K, and assets of $1.1M (revenue +223.4% year-over-year).
- 2020: Revenue of $31K, expenses of $37K, and assets of $1.0M (revenue -13.0% year-over-year).
- 2019: Revenue of $35K, expenses of $40K, and assets of $1.0M (revenue -14.8% year-over-year).
- 2018: Revenue of $41K, expenses of $39K, and assets of $1.0M (revenue -15.5% year-over-year).
- 2017: Revenue of $49K, expenses of $63K, and assets of $1.0M (revenue +25.4% year-over-year).
- 2016: Revenue of $39K, expenses of $57K, and assets of $1.1M (revenue -6.7% year-over-year).
- 2015: Revenue of $42K, expenses of $39K, and assets of $1.1M (revenue +64.7% year-over-year).
- 2014: Revenue of $25K, expenses of $33K, and assets of $1.1M (revenue -23.5% year-over-year).
- 2013: Revenue of $33K, expenses of $32K, and assets of $1.1M (revenue -59.0% year-over-year).
- 2012: Revenue of $81K, expenses of $35K, and assets of $1.1M (revenue +370.2% year-over-year).
- 2011: Revenue of $17K, expenses of $36K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hughes Memorial Tr:
Data Sources and Methodology
This transparency report for Hughes Memorial Tr 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.