Perkin Fund

Perkin Fund maintains strong asset base with zero reported officer compensation.

EIN: 136222498 · S Hamilton, MA · Updated: 2026-03-28

$6.7MRevenue

$32.1MAssets

95/100Mission Score (Excellent)

About Perkin Fund

Perkin Fund (EIN: 136222498) is a nonprofit organization based in S Hamilton, MA. The organization reported total revenue of $6.7M and total assets of $32.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Perkin Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Perkin Fund demonstrates consistent financial stability with substantial assets, peaking at $33,022,689 in 2021. While revenue has fluctuated, including a negative revenue period in 2014, the organization has maintained a strong asset base. The fund's expenses have remained relatively stable, generally ranging between $1.3 million and $1.7 million annually, with a notable exception in 2011 at $2.2 million. A key aspect of its financial health is the complete absence of officer compensation reported across all available filings, indicating a volunteer-led or very lean executive structure. This suggests a high degree of spending efficiency in terms of administrative overhead related to executive salaries. The organization's liabilities have consistently been minimal, often reported as $0 or $1, further underscoring its robust financial position and low financial risk. The consistent reporting of zero officer compensation also points to a high level of transparency regarding executive remuneration.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Perkin Fund 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, Perkin Fund 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This suggests a volunteer-led structure or that executive roles are compensated through other means not reported as officer compensation, which is highly efficient for an organization with assets over $30 million.

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 Perkin Fund's IRS 990 filings:

Fluctuating revenue, including negative revenue in 2014, could indicate reliance on volatile investment income or inconsistent fundraising.

Strengths

The following positive indicators were identified for Perkin Fund:

Consistently reported 0% officer compensation, indicating high efficiency and dedication.
Strong and growing asset base, currently at $32,114,300, providing financial stability.
Minimal liabilities, often reported as $0 or $1, demonstrating excellent financial health.
Consistent expense management, generally keeping annual expenses within a stable range despite revenue fluctuations.

Frequently Asked Questions about Perkin Fund

Is Perkin Fund a good charity?

Based on the available IRS 990 data, Perkin Fund appears to be a financially sound organization with a strong asset base and extremely low administrative costs related to executive compensation. The consistent reporting of zero officer compensation is a significant positive indicator of efficiency and dedication to its mission.

How does Perkin Fund manage its expenses?

Perkin Fund's expenses have been relatively stable, typically between $1.3 million and $1.7 million annually, even with fluctuating revenues. This suggests a disciplined approach to spending, with no reported officer compensation contributing to very low administrative overhead.

What is the trend in Perkin Fund's assets?

Perkin Fund's assets have shown consistent growth over the years, from $28,369,697 in 2011 to $32,114,300 currently, peaking at $33,022,689 in 2021. This indicates strong financial management and investment performance.

Filing History

IRS 990 filing history for Perkin Fund showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Perkin Fund's revenue has grown by 53.8%, moving from $654K to $1.0M. Total assets increased by 6% over the same period, from $28.4M to $30.1M. Total functional expenses fell by 21.8%, from $2.3M to $1.8M. In its most recent filing year (2023), Perkin Fund reported a deficit of $761K, with expenses exceeding revenue. The organization holds $1 in liabilities against $30.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $30.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.0M	$1.8M	$30.1M	$1	—	—
2022	$1.1M	$1.4M	$27.5M	$1	—	View 990
2021	$2.8M	$1.5M	$33.0M	$536	—	View 990
2020	$962K	$1.5M	$30.4M	$536	—	View 990
2019	$1.3M	$1.4M	$29.1M	$536	—	View 990
2015	$1.7M	$1.5M	$26.9M	$0	—	View 990
2014	$-668,409	$1.4M	$26.7M	$0	—	View 990
2013	$1.9M	$1.6M	$28.8M	$0	—	View 990
2012	$1.8M	$1.6M	$28.5M	$0	—	View 990
2011	$654K	$2.3M	$28.4M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.0M, expenses of $1.8M, and assets of $30.1M (revenue -8.5% year-over-year).
2022: Revenue of $1.1M, expenses of $1.4M, and assets of $27.5M (revenue -60.8% year-over-year).
2021: Revenue of $2.8M, expenses of $1.5M, and assets of $33.0M (revenue +191.5% year-over-year).
2020: Revenue of $962K, expenses of $1.5M, and assets of $30.4M (revenue -25.4% year-over-year).
2019: Revenue of $1.3M, expenses of $1.4M, and assets of $29.1M (revenue -23.7% year-over-year).
2015: Revenue of $1.7M, expenses of $1.5M, and assets of $26.9M.
2014: Revenue of $-668,409, expenses of $1.4M, and assets of $26.7M (revenue -135.8% year-over-year).
2013: Revenue of $1.9M, expenses of $1.6M, and assets of $28.8M (revenue +4.2% year-over-year).
2012: Revenue of $1.8M, expenses of $1.6M, and assets of $28.5M (revenue +173.8% year-over-year).
2011: Revenue of $654K, expenses of $2.3M, and assets of $28.4M.

Data Sources and Methodology

This transparency report for Perkin Fund 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.