Middlesex Land Trust
Middlesex Land Trust: Strong Asset Growth, Low Liabilities, and Consistent Program Spending
EIN: 222812942 · Middletown, CT · NTEE: C30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $605K |
| Total Expenses | $165K |
| Program Spending | 75% |
| Net Assets | $6.5M |
| Transparency Score | 85/100 |
Is Middlesex Land Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Middlesex Land Trust directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Middlesex Land Trust
Middlesex Land Trust (EIN: 222812942) is a nonprofit organization based in Middletown, CT, classified under NTEE code C30Z. The organization reported total revenue of $605K and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Middlesex Land Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Middlesex Land Trust is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $323K |
| Total Expenses | $165K |
| Surplus / Deficit | +$157K |
| Total Assets | $6.5M |
| Total Liabilities | $1K |
| Net Assets | $6.5M |
| Operating Margin | 48.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 472.9 months |
Financial Health Grade: A
In 2023, Middlesex Land Trust reported a surplus of $157K with revenue exceeding expenses, holds 472.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Middlesex Land Trust's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +190.7% | -22.5% | +7.7% |
| 2022 | +5.1% | +29.8% | -8.3% |
| 2021 | -9.2% | +26.5% | +6.4% |
| 2020 | -1.0% | +10.6% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Middlesex Land 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Middlesex Land Trust allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $157K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and mission, it is likely reasonable and aligned with similar nonprofits.
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 Middlesex Land Trust:
- Consistent asset growth from $5,873,940 in 2018 to $6,702,406 in 2023, demonstrating financial stability and increasing capacity.
- Extremely low liabilities, with 'l' (liabilities) consistently under $13,000 and often at $0, indicating strong financial health and minimal debt.
- Positive net revenue in most years, with only one reported negative year in 2018, showing effective financial management.
- Focus on land conservation with no reported lobbying expenses, aligning directly with their stated mission.
- Healthy asset-to-revenue ratio, suggesting significant long-term holdings relative to annual income, which is typical for land trusts.
Frequently Asked Questions about Middlesex Land Trust
Is Middlesex Land Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Middlesex Land Trust (EIN: 222812942) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Middlesex Land Trust spend its money?
Middlesex Land Trust directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Middlesex Land Trust tax-deductible?
Middlesex Land Trust is registered as a tax-exempt nonprofit (EIN: 222812942). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Middlesex Land Trust's spending goes to programs?
Middlesex Land Trust directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Middlesex Land Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Middlesex Land Trust is above average for NTEE category C30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Middlesex Land Trust located?
Middlesex Land Trust is headquartered in Middletown, Connecticut and files with the IRS under EIN 222812942. It is classified under NTEE code C30Z.
How many years of IRS 990 filings does Middlesex Land Trust have?
Middlesex Land Trust 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 $605K in total revenue.
What does Middlesex Land Trust do?
Middlesex Land Trust is a nonprofit organization in the Environment sector, located in Middletown, Connecticut. It is classified under NTEE code C30Z.
How much revenue does Middlesex Land Trust have?
Middlesex Land Trust reported total revenue of $605,186. Based on 13 IRS 990 filings on record.
What are Middlesex Land Trust's total assets?
Middlesex Land Trust holds total assets of $6,702,406 as reported in IRS 990 filings.
Where is Middlesex Land Trust located?
Middlesex Land Trust is based in Middletown, Connecticut.
What is Middlesex Land Trust's EIN?
Middlesex Land Trust's Employer Identification Number (EIN) is 222812942. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Middlesex Land Trust?
Middlesex Land Trust is classified under NTEE code C30Z (Environment).
Is Middlesex Land Trust a registered 501(c)(3)?
Yes, Middlesex Land Trust is recognized as a tax-exempt organization by the IRS. EIN: 222812942.
Does Middlesex Land Trust file IRS Form 990?
Yes, Middlesex Land Trust has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Middlesex Land Trust's revenue in 2023?
In the 202312 filing period, Middlesex Land Trust reported total revenue of $322,665, total expenses of $165,464, and net assets of $6,521,227.
Is Middlesex Land Trust's revenue growing or declining?
Middlesex Land Trust's revenue is growing. Revenue went from $110,993 (202212) to $322,665 (202312), a +190.7% change. Based on 13 filings on record.
What is Middlesex Land Trust's most recent 990 filing?
The most recent IRS Form 990 filing for Middlesex Land Trust covers tax period 202312. It shows revenue of $322,665, expenses of $165,464, total assets of $6,521,227, and liabilities of $1,214.
How much does Middlesex Land Trust spend on programs vs administration?
Based on IRS 990 analysis, Middlesex Land Trust allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Middlesex Land Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, Middlesex Land Trust appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Middlesex Land Trust's strengths?
Positive indicators for Middlesex Land Trust include: Consistent asset growth from $5,873,940 in 2018 to $6,702,406 in 2023, demonstrating financial stability and increasing capacity.. Extremely low liabilities, with 'l' (liabilities) consistently under $13,000 and often at $0, indicating strong financial health and minimal debt.. Positive net revenue in most years, with only one reported negative year in 2018, showing effective financial management.. Focus on land conservation with no reported lobbying expenses, aligning directly with their stated mission.. Healthy asset-to-revenue ratio, suggesting significant long-term holdings relative to annual income, which is typical for land trusts.. These findings are derived from AI analysis of the organization's financial filings.
How does Middlesex Land Trust compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and mission, it is likely reasonable and aligned with similar nonprofits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Middlesex Land Trust manage to maintain such consistently low liabilities, and what implications does this have for their long-term sustainability?
The Middlesex Land Trust consistently reports extremely low liabilities (e.g., $1,214 in 2023, $0 in 2020 and 2019), which suggests a strong operational model that avoids debt financing and relies on direct funding or endowment income. This approach significantly enhances their long-term sustainability by minimizing financial risk and ensuring that a greater proportion of their assets can be dedicated directly to their mission rather than debt servicing.
Given the significant asset base (over $6.7 million in 2023) relative to annual revenue (e.g., $322,665 in 2023), what is the primary source of funding for their operational expenses and land acquisition?
The substantial asset base relative to annual revenue suggests that a significant portion of their operational expenses and potential land acquisitions are likely funded through endowment income, investment returns, and possibly capital campaigns or major gifts that are not fully reflected in annual 'r' (revenue) figures. This structure provides a stable, long-term funding mechanism independent of year-to-year fluctuations in donations.
Filing History
IRS 990 filing history for Middlesex Land Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Middlesex Land Trust's revenue has grown by 14.1%, moving from $283K to $323K. Total assets increased by 81.5% over the same period, from $3.6M to $6.5M. Total functional expenses rose by 289.1%, from $43K to $165K. In its most recent filing year (2023), Middlesex Land Trust reported a surplus of $157K, with revenue exceeding expenses. The organization holds $1K in liabilities against $6.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $323K | $165K | $6.5M | $1K | — | — |
| 2022 | $111K | $213K | $6.1M | $1K | — | View 990 |
| 2021 | $106K | $164K | $6.6M | $11K | — | View 990 |
| 2020 | $116K | $130K | $6.2M | $0 | — | — |
| 2019 | $118K | $118K | $6.1M | $0 | — | View 990 |
| 2018 | $-45,492 | $283K | $5.9M | $585 | — | View 990 |
| 2017 | $230K | $93K | $6.3M | $3K | — | View 990 |
| 2016 | $240K | $89K | $6.1M | $2K | — | View 990 |
| 2015 | $280K | $83K | $5.9M | $2K | — | View 990 |
| 2014 | $961K | $65K | $5.8M | $80K | — | View 990 |
| 2013 | $160K | $58K | $4.8M | $4K | — | View 990 |
| 2012 | $1.1M | $74K | $4.6M | $0 | — | View 990 |
| 2011 | $283K | $43K | $3.6M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $323K, expenses of $165K, and assets of $6.5M (revenue +190.7% year-over-year).
- 2022: Revenue of $111K, expenses of $213K, and assets of $6.1M (revenue +5.1% year-over-year).
- 2021: Revenue of $106K, expenses of $164K, and assets of $6.6M (revenue -9.2% year-over-year).
- 2020: Revenue of $116K, expenses of $130K, and assets of $6.2M (revenue -1.0% year-over-year).
- 2019: Revenue of $118K, expenses of $118K, and assets of $6.1M.
- 2018: Revenue of $-45,492, expenses of $283K, and assets of $5.9M (revenue -119.8% year-over-year).
- 2017: Revenue of $230K, expenses of $93K, and assets of $6.3M (revenue -4.2% year-over-year).
- 2016: Revenue of $240K, expenses of $89K, and assets of $6.1M (revenue -14.3% year-over-year).
- 2015: Revenue of $280K, expenses of $83K, and assets of $5.9M (revenue -70.9% year-over-year).
- 2014: Revenue of $961K, expenses of $65K, and assets of $5.8M (revenue +499.7% year-over-year).
- 2013: Revenue of $160K, expenses of $58K, and assets of $4.8M (revenue -86.0% year-over-year).
- 2012: Revenue of $1.1M, expenses of $74K, and assets of $4.6M (revenue +304.3% year-over-year).
- 2011: Revenue of $283K, expenses of $43K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Middlesex Land Trust:
Data Sources and Methodology
This transparency report for Middlesex Land 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.