Philip Hofer Charitable Trust
EIN: 46469904 · Boston, MA · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $109K |
| Net Assets | $4.0M |
Is Philip Hofer Charitable Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Philip Hofer Charitable Trust
Philip Hofer Charitable Trust (EIN: 46469904) is a nonprofit organization based in Boston, MA, classified under NTEE code T30. The organization reported total revenue of $2.5M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philip Hofer Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philip Hofer Charitable Trust is a mid-size nonprofit that has been operating for 5 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $219K |
| Total Expenses | $109K |
| Surplus / Deficit | +$110K |
| Total Assets | $4.0M |
| Net Assets | $4.0M |
| Operating Margin | 50.2% |
| Months of Reserves | 442.5 months |
Financial Health Grade: A
In 2023, Philip Hofer Charitable Trust reported a surplus of $110K with revenue exceeding expenses, holds 442.5 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2023), Philip Hofer Charitable Trust's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -130.1% | -49.3% | -23.9% |
| 2021 | +132.2% | -15.9% | +8.5% |
| 2020 | +48.8% | +106.6% | +17.6% |
| 2014 | -7.6% | +9.2% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Philip Hofer Charitable Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Philip Hofer Charitable Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $110K, with revenue exceeding expenses.
Frequently Asked Questions about Philip Hofer Charitable Trust
Is Philip Hofer Charitable Trust a legitimate charity?
Philip Hofer Charitable Trust (EIN: 46469904) is a registered tax-exempt nonprofit based in Massachusetts. It has 8 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. Financial health grade: A.
How does Philip Hofer Charitable Trust spend its money?
Philip Hofer Charitable Trust reported $2.5M in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Philip Hofer Charitable Trust tax-deductible?
Philip Hofer Charitable Trust is registered as a tax-exempt nonprofit (EIN: 46469904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Philip Hofer Charitable Trust located?
Philip Hofer Charitable Trust is headquartered in Boston, Massachusetts and files with the IRS under EIN 46469904. It is classified under NTEE code T30.
How many years of IRS 990 filings does Philip Hofer Charitable Trust have?
Philip Hofer Charitable Trust has 8 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 $2.5M in total revenue.
Filing History
IRS 990 filing history for Philip Hofer Charitable Trust showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Philip Hofer Charitable Trust's revenue has grown by 148.2%, moving from $88K to $219K. Total assets increased by 75% over the same period, from $2.3M to $4.0M. Total functional expenses rose by 0.3%, from $109K to $109K. In its most recent filing year (2023), Philip Hofer Charitable Trust reported a surplus of $110K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $219K | $109K | $4.0M | $0 | — | — |
| 2022 | $-138,735 | $94K | $3.6M | $0 | — | View 990 |
| 2021 | $461K | $185K | $4.7M | $0 | — | View 990 |
| 2020 | $198K | $220K | $4.3M | $0 | — | View 990 |
| 2014 | $133K | $106K | $3.7M | $0 | — | View 990 |
| 2013 | $144K | $97K | $3.2M | $0 | — | View 990 |
| 2012 | $1.0M | $108K | $3.2M | $0 | — | View 990 |
| 2011 | $88K | $109K | $2.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $219K, expenses of $109K, and assets of $4.0M.
- 2022: Revenue of $-138,735, expenses of $94K, and assets of $3.6M (revenue -130.1% year-over-year).
- 2021: Revenue of $461K, expenses of $185K, and assets of $4.7M (revenue +132.2% year-over-year).
- 2020: Revenue of $198K, expenses of $220K, and assets of $4.3M (revenue +48.8% year-over-year).
- 2014: Revenue of $133K, expenses of $106K, and assets of $3.7M (revenue -7.6% year-over-year).
- 2013: Revenue of $144K, expenses of $97K, and assets of $3.2M (revenue -85.6% year-over-year).
- 2012: Revenue of $1.0M, expenses of $108K, and assets of $3.2M (revenue +1036.8% year-over-year).
- 2011: Revenue of $88K, expenses of $109K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philip Hofer Charitable Trust:
Data Sources and Methodology
This transparency report for Philip Hofer Charitable 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.