My Childs Hand Foundation Tr
My Childs Hand Foundation Tr reports consistent negative revenue and declining assets in recent years.
EIN: 137355037 · Westport, CT · NTEE: G30 · Updated: 2026-03-28
Is My Childs Hand Foundation Tr Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
My Childs Hand Foundation Tr directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About My Childs Hand Foundation Tr
My Childs Hand Foundation Tr (EIN: 137355037) is a nonprofit organization based in Westport, CT, classified under NTEE code G30. The organization reported total revenue of $2.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of My Childs Hand Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
My Childs Hand Foundation Tr is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -109.0% | +107.4% | +40.2% |
| 2020 | -81.4% | +24.7% | +53.0% |
| 2019 | +325.1% | +141.5% | +147.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 2004 |
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 My Childs Hand Foundation Tr with a Mission Score of 45 out of 100 (Fair). 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, My Childs Hand Foundation Tr allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 69.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive for minimizing 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.
Red Flags
The following concerns were identified during AI analysis of My Childs Hand Foundation Tr's IRS 990 filings:
- Consistent negative revenue in recent years (e.g., $-57,573 in 2023)
- Declining asset base from $1,702,423 in 2021 to $1,034,859 in 2023
- High liabilities relative to assets ($723,376 liabilities vs. $1,034,859 assets in 2023)
- Expenses consistently exceeding revenue for multiple periods
Strengths
The following positive indicators were identified for My Childs Hand Foundation Tr:
- No reported officer compensation, indicating a volunteer-driven or highly efficient executive structure.
Frequently Asked Questions about My Childs Hand Foundation Tr
Is My Childs Hand Foundation Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, My Childs Hand Foundation Tr (EIN: 137355037) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does My Childs Hand Foundation Tr spend its money?
My Childs Hand Foundation Tr directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to My Childs Hand Foundation Tr tax-deductible?
My Childs Hand Foundation Tr is registered as a tax-exempt nonprofit (EIN: 137355037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is My Childs Hand Foundation Tr financially stable?
No, the organization shows signs of financial instability with consistent negative revenue in recent years (e.g., $-57,573 in 2023) and declining assets, suggesting it is operating at a deficit.
How does My Childs Hand Foundation Tr cover its expenses with negative revenue?
With reported negative revenue, the organization likely covers its expenses by drawing down on its existing assets or through other non-operating income sources, which is not a sustainable model.
What is the trend in My Childs Hand Foundation Tr's assets and liabilities?
Assets have been declining from $1,702,423 in 2021 to $1,034,859 in 2023, while liabilities remain significant at $723,376 in 2023, indicating a weakening balance sheet.
Filing History
IRS 990 filing history for My Childs Hand Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), My Childs Hand Foundation Tr's revenue has declined by 426.7%, moving from $18K to $-57,573. Total assets increased by 849.3% over the same period, from $109K to $1.0M. Total functional expenses rose by 548.3%, from $15K to $99K. The organization holds $723K in liabilities against $1.0M in assets (debt-to-asset ratio: 69.9%), resulting in net assets of $311K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-57,573 | $99K | $1.0M | $723K | — | — |
| 2022 | $-70,430 | $116K | $1.4M | $910K | — | View 990 |
| 2021 | $-2,376 | $93K | $1.7M | $1.0M | — | View 990 |
| 2020 | $26K | $45K | $1.2M | $464K | — | View 990 |
| 2019 | $142K | $36K | $794K | $25K | — | View 990 |
| 2015 | $33K | $15K | $321K | $1 | — | View 990 |
| 2014 | $158K | $3K | $301K | $1 | — | View 990 |
| 2013 | $39K | $14K | $145K | $1 | — | View 990 |
| 2012 | $20K | $10K | $120K | $1 | — | View 990 |
| 2011 | $18K | $15K | $109K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-57,573, expenses of $99K, and assets of $1.0M.
- 2022: Revenue of $-70,430, expenses of $116K, and assets of $1.4M.
- 2021: Revenue of $-2,376, expenses of $93K, and assets of $1.7M (revenue -109.0% year-over-year).
- 2020: Revenue of $26K, expenses of $45K, and assets of $1.2M (revenue -81.4% year-over-year).
- 2019: Revenue of $142K, expenses of $36K, and assets of $794K (revenue +325.1% year-over-year).
- 2015: Revenue of $33K, expenses of $15K, and assets of $321K (revenue -78.9% year-over-year).
- 2014: Revenue of $158K, expenses of $3K, and assets of $301K (revenue +300.4% year-over-year).
- 2013: Revenue of $39K, expenses of $14K, and assets of $145K (revenue +92.8% year-over-year).
- 2012: Revenue of $20K, expenses of $10K, and assets of $120K (revenue +16.2% year-over-year).
- 2011: Revenue of $18K, expenses of $15K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for My Childs Hand Foundation Tr:
Data Sources and Methodology
This transparency report for My Childs Hand Foundation 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.