Margaret Voorhies Haggin Memorial Trust
Margaret Voorhies Haggin Memorial Trust demonstrates strong asset growth and zero officer compensation over a decade.
EIN: 136078494 · Pittsburgh, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.7M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $24,864,250 |
| Net Assets | $24.9M |
| Transparency Score | 95/100 |
Is Margaret Voorhies Haggin Memorial Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret Voorhies Haggin Memorial Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret Voorhies Haggin Memorial Trust
Margaret Voorhies Haggin Memorial Trust (EIN: 136078494) is a nonprofit organization based in Pittsburgh, PA. The organization reported total revenue of $13.7M and total assets of $26.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret Voorhies Haggin Memorial Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret Voorhies Haggin Memorial Trust is a large nonprofit that has been operating for 86 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$790K |
| Total Assets | $24.9M |
| Total Liabilities | $1 |
| Net Assets | $24.9M |
| Operating Margin | 35.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 203.5 months |
Financial Health Grade: A
In 2023, Margaret Voorhies Haggin Memorial Trust reported a surplus of $790K with revenue exceeding expenses, holds 203.5 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), Margaret Voorhies Haggin Memorial Trust's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.9% | -7.1% | +3.3% |
| 2022 | -72.4% | -4.9% | -1.1% |
| 2021 | +686.7% | +26.1% | +14.5% |
| 2020 | -50.1% | -3.6% | -3.3% |
| 2019 | -16.4% | -1.7% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1940 |
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 Margaret Voorhies Haggin Memorial Trust with a Mission Score of 95 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, Margaret Voorhies Haggin Memorial 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 $790K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the trust. This is highly unusual for an organization of its asset size ($24,864,250 in 2023) and suggests that administrative functions may be handled by volunteers or through external, non-officer contracts, contributing to very low 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.
Strengths
The following positive indicators were identified for Margaret Voorhies Haggin Memorial Trust:
- Zero officer compensation, indicating high efficiency and mission focus.
- Consistent asset growth from $19M in 2011 to $24M in 2023, demonstrating strong financial stewardship.
- Minimal liabilities across all reported periods, indicating a low financial risk.
- Stable expense levels despite fluctuating revenues, suggesting prudent financial management.
Frequently Asked Questions about Margaret Voorhies Haggin Memorial Trust
Is Margaret Voorhies Haggin Memorial Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret Voorhies Haggin Memorial Trust (EIN: 136078494) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Margaret Voorhies Haggin Memorial Trust spend its money?
Margaret Voorhies Haggin Memorial Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margaret Voorhies Haggin Memorial Trust tax-deductible?
Margaret Voorhies Haggin Memorial Trust is registered as a tax-exempt nonprofit (EIN: 136078494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Margaret Voorhies Haggin Memorial Trust CEO make?
Margaret Voorhies Haggin Memorial Trust's highest-compensated officer earns $24,864,250 annually. The organization reported $13.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Margaret Voorhies Haggin Memorial Trust located?
Margaret Voorhies Haggin Memorial Trust is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 136078494.
How many years of IRS 990 filings does Margaret Voorhies Haggin Memorial Trust have?
Margaret Voorhies Haggin Memorial 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 $13.7M in total revenue.
Is the Margaret Voorhies Haggin Memorial Trust a good charity?
Based on the provided financial data, the trust exhibits strong financial health, consistent asset growth, and exceptionally low administrative costs due to zero reported officer compensation. These factors suggest it is a highly efficient and well-managed organization.
How does the trust manage its administrative costs with no officer compensation?
The data indicates zero officer compensation, implying that administrative functions are either performed by volunteers, covered by other entities, or handled through contracted services that are not classified as officer salaries. This contributes to very low overhead.
What is the trend in the trust's assets?
The trust's assets have shown a consistent upward trend, growing from $19,093,172 in 2011 to $24,864,250 in 2023, demonstrating effective asset management and financial stability.
Filing History
IRS 990 filing history for Margaret Voorhies Haggin Memorial Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Margaret Voorhies Haggin Memorial Trust's revenue has grown by 336%, moving from $518K to $2.3M. Total assets increased by 30.2% over the same period, from $19.1M to $24.9M. Total functional expenses rose by 12.6%, from $1.3M to $1.5M. In its most recent filing year (2023), Margaret Voorhies Haggin Memorial Trust reported a surplus of $790K, with revenue exceeding expenses. The organization holds $1 in liabilities against $24.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.5M | $24.9M | $1 | — | View 990 |
| 2022 | $1.3M | $1.6M | $24.1M | $1 | — | View 990 |
| 2021 | $4.8M | $1.7M | $24.3M | $1 | — | — |
| 2020 | $604K | $1.3M | $21.3M | $1 | — | — |
| 2019 | $1.2M | $1.4M | $22.0M | $0 | — | View 990 |
| 2015 | $1.4M | $1.4M | $21.2M | $0 | — | View 990 |
| 2014 | $1.6M | $1.4M | $21.2M | $0 | — | View 990 |
| 2013 | $3.9M | $1.5M | $21.0M | $0 | — | View 990 |
| 2012 | $692K | $1.2M | $18.6M | $0 | — | View 990 |
| 2011 | $518K | $1.3M | $19.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.5M, and assets of $24.9M (revenue +71.9% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.6M, and assets of $24.1M (revenue -72.4% year-over-year).
- 2021: Revenue of $4.8M, expenses of $1.7M, and assets of $24.3M (revenue +686.7% year-over-year).
- 2020: Revenue of $604K, expenses of $1.3M, and assets of $21.3M (revenue -50.1% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.4M, and assets of $22.0M (revenue -16.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $21.2M (revenue -12.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $21.2M (revenue -57.2% year-over-year).
- 2013: Revenue of $3.9M, expenses of $1.5M, and assets of $21.0M (revenue +456.5% year-over-year).
- 2012: Revenue of $692K, expenses of $1.2M, and assets of $18.6M (revenue +33.7% year-over-year).
- 2011: Revenue of $518K, expenses of $1.3M, and assets of $19.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret Voorhies Haggin Memorial Trust:
Data Sources and Methodology
This transparency report for Margaret Voorhies Haggin Memorial 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.