Hyde School
Hyde School consistently operates at a deficit, drawing down assets despite significant revenue.
EIN: 16021559 · Bath, ME · NTEE: B25Z · Updated: 2026-03-28
Is Hyde School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hyde School directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hyde School
Hyde School (EIN: 16021559) is a nonprofit organization based in Bath, ME, classified under NTEE code B25Z. The organization reported total revenue of $14.8M and total assets of $38.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hyde School'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 Hyde School 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hyde School allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Hyde School consistently reports 0% for officer compensation across all available filings, suggesting either uncompensated leadership or that executive compensation is categorized differently, which would require further disclosure for full clarity.
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 Hyde School's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in most years, e.g., 2023, 2022, 2021, 2020, 2019, 2017, 2014)
- Declining asset base in recent years (from $46.61M in 2021 to $39.85M in 2023)
- Unclear explanation for 0% officer compensation across all filings, potentially obscuring executive pay.
Strengths
The following positive indicators were identified for Hyde School:
- Substantial asset base ($38.45M latest, $39.85M in 2023) providing financial stability despite deficits
- Significant revenue generation (latest $14.82M, $10.76M in 2023)
- Long filing history (13 filings) indicating established operations and compliance.
Frequently Asked Questions about Hyde School
Is Hyde School a legitimate charity?
Based on AI analysis of IRS 990 filings, Hyde School (EIN: 16021559) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Hyde School spend its money?
Hyde School directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hyde School tax-deductible?
Hyde School is registered as a tax-exempt nonprofit (EIN: 16021559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hyde School financially sustainable given its consistent operational deficits?
Hyde School has consistently reported expenses exceeding revenue in most recent periods (e.g., $11.88M expenses vs. $10.76M revenue in 2023). While it maintains substantial assets ($39.85M in 2023), this trend suggests a reliance on drawing down reserves or other non-operating income to cover costs, raising questions about long-term sustainability without a change in financial strategy.
How does Hyde School cover its operational deficits?
The consistent operational deficits indicate that Hyde School is likely covering these shortfalls by utilizing its existing asset base, which has seen a decline from $46.61M in 2021 to $39.85M in 2023, or through other non-operating income sources not detailed in the provided revenue figures.
What is the reason for 0% officer compensation reported?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this size. It could mean that officers are truly uncompensated, or their compensation is reported under other expense categories, which would reduce transparency regarding executive pay.
Filing History
IRS 990 filing history for Hyde School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hyde School's revenue has grown by 11%, moving from $9.7M to $10.8M. Total assets increased by 24.9% over the same period, from $31.9M to $39.9M. Total functional expenses rose by 18.6%, from $10.0M to $11.9M. In its most recent filing year (2023), Hyde School reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $39.9M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $37.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.8M | $11.9M | $39.9M | $2.4M | — | — |
| 2022 | $8.7M | $10.6M | $41.2M | $3.3M | — | View 990 |
| 2021 | $8.6M | $9.0M | $46.6M | $3.5M | — | View 990 |
| 2020 | $10.3M | $11.9M | $44.0M | $6.2M | — | View 990 |
| 2019 | $12.0M | $13.3M | $45.2M | $5.5M | — | View 990 |
| 2018 | $24.1M | $14.4M | $46.4M | $5.2M | — | View 990 |
| 2017 | $12.0M | $13.8M | $37.4M | $5.6M | — | View 990 |
| 2016 | $14.1M | $13.3M | $40.1M | $7.9M | — | View 990 |
| 2015 | $16.3M | $12.5M | $39.3M | $7.6M | — | View 990 |
| 2014 | $11.5M | $12.3M | $36.2M | $8.0M | — | View 990 |
| 2013 | $10.7M | $10.8M | $35.1M | $8.0M | — | View 990 |
| 2012 | $11.4M | $10.7M | $32.2M | $5.3M | — | View 990 |
| 2011 | $9.7M | $10.0M | $31.9M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.8M, expenses of $11.9M, and assets of $39.9M (revenue +23.6% year-over-year).
- 2022: Revenue of $8.7M, expenses of $10.6M, and assets of $41.2M (revenue +1.2% year-over-year).
- 2021: Revenue of $8.6M, expenses of $9.0M, and assets of $46.6M (revenue -16.5% year-over-year).
- 2020: Revenue of $10.3M, expenses of $11.9M, and assets of $44.0M (revenue -14.3% year-over-year).
- 2019: Revenue of $12.0M, expenses of $13.3M, and assets of $45.2M (revenue -50.1% year-over-year).
- 2018: Revenue of $24.1M, expenses of $14.4M, and assets of $46.4M (revenue +100.6% year-over-year).
- 2017: Revenue of $12.0M, expenses of $13.8M, and assets of $37.4M (revenue -14.7% year-over-year).
- 2016: Revenue of $14.1M, expenses of $13.3M, and assets of $40.1M (revenue -13.3% year-over-year).
- 2015: Revenue of $16.3M, expenses of $12.5M, and assets of $39.3M (revenue +41.4% year-over-year).
- 2014: Revenue of $11.5M, expenses of $12.3M, and assets of $36.2M (revenue +7.1% year-over-year).
- 2013: Revenue of $10.7M, expenses of $10.8M, and assets of $35.1M (revenue -5.6% year-over-year).
- 2012: Revenue of $11.4M, expenses of $10.7M, and assets of $32.2M (revenue +17.3% year-over-year).
- 2011: Revenue of $9.7M, expenses of $10.0M, and assets of $31.9M.
Data Sources and Methodology
This transparency report for Hyde School 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.