The Hyde Foundation
Hyde Foundation: Declining Revenue, Inconsistent Spending, and Transparency Gaps
EIN: 223026440 · Bath, ME · Updated: 2026-04-04
Is The Hyde Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Hyde Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Hyde Foundation
The Hyde Foundation (EIN: 223026440) is a nonprofit organization based in Bath, ME. The organization reported total revenue of $135K and total assets of $191K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Hyde Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Hyde Foundation 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, The Hyde Foundation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, suggesting either a volunteer-led organization or compensation is not reported in a standard manner.
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 The Hyde Foundation's IRS 990 filings:
- Significant decline in revenue from $502,152 in 2019 to $135,000 in the most recent filing, raising sustainability concerns.
- Inconsistent spending patterns, with expenses exceeding revenue in multiple years (e.g., 2019: $545,475 expenses vs. $502,152 revenue; 2018: $592,964 expenses vs. $373,846 revenue).
- Lack of clear information regarding the nature of 'programs' and their impact, making it difficult to assess effectiveness.
- The 'nt' (nonprofit type) field is missing, which is crucial for understanding the organization's mission and operational context.
Strengths
The following positive indicators were identified for The Hyde Foundation:
- Consistent reporting of 0% executive compensation across all available years.
- Maintains a positive asset balance, though it has fluctuated significantly over the years.
Frequently Asked Questions about The Hyde Foundation
Is The Hyde Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Hyde Foundation (EIN: 223026440) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does The Hyde Foundation spend its money?
The Hyde Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Hyde Foundation tax-deductible?
The Hyde Foundation is registered as a tax-exempt nonprofit (EIN: 223026440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does The Hyde Foundation do?
The Hyde Foundation is a nonprofit organization in the Unknown sector, located in Bath, Maine. It is classified under NTEE code Unknown.
How much revenue does The Hyde Foundation have?
The Hyde Foundation reported total revenue of $135,000. Based on 10 IRS 990 filings on record.
What are The Hyde Foundation's total assets?
The Hyde Foundation holds total assets of $190,627 as reported in IRS 990 filings.
Where is The Hyde Foundation located?
The Hyde Foundation is based in Bath, Maine.
What is The Hyde Foundation's EIN?
The Hyde Foundation's Employer Identification Number (EIN) is 223026440. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Hyde Foundation?
The Hyde Foundation is classified under NTEE code Unknown (Unknown).
Is The Hyde Foundation a registered 501(c)(3)?
The Hyde Foundation appears in IRS records (EIN: 223026440). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Hyde Foundation file IRS Form 990?
Yes, The Hyde Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202006.
What was The Hyde Foundation's revenue in 2020?
In the 202006 filing period, The Hyde Foundation reported total revenue of $210,600, total expenses of $116,573, and net assets of $205,622.
Is The Hyde Foundation's revenue growing or declining?
The Hyde Foundation's revenue is declining. Revenue went from $502,152 (201906) to $210,600 (202006), a -58.1% change. Based on 10 filings on record.
What is The Hyde Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for The Hyde Foundation covers tax period 202006. It shows revenue of $210,600, expenses of $116,573, total assets of $205,622, and liabilities of $149,995.
How much does The Hyde Foundation spend on programs vs administration?
Based on IRS 990 analysis, The Hyde Foundation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is The Hyde Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, The Hyde Foundation shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 2 strengths noted.
What are the red flags for The Hyde Foundation?
The following concerns were identified: Significant decline in revenue from $502,152 in 2019 to $135,000 in the most recent filing, raising sustainability concerns.. Inconsistent spending patterns, with expenses exceeding revenue in multiple years (e.g., 2019: $545,475 expenses vs. $502,152 revenue; 2018: $592,964 expenses vs. $373,846 revenue).. Lack of clear information regarding the nature of 'programs' and their impact, making it difficult to assess effectiveness.. The 'nt' (nonprofit type) field is missing, which is crucial for understanding the organization's mission and operational context.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Hyde Foundation's strengths?
Positive indicators for The Hyde Foundation include: Consistent reporting of 0% executive compensation across all available years.. Maintains a positive asset balance, though it has fluctuated significantly over the years.. These findings are derived from AI analysis of the organization's financial filings.
How does The Hyde Foundation compensate executives?
Executive compensation is reported as 0% in all available filings, suggesting either a volunteer-led organization or compensation is not reported in a standard manner. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Hyde Foundation?
• Financial filings are available, but detailed program descriptions are not readily accessible. • The organization's website (if any) is not provided, hindering direct access to mission and impact reports. • Specific details on how program expenses translate into tangible outcomes are not clear from the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial fluctuations in revenue and expenses, what is the Hyde Foundation's long-term financial strategy to ensure stability and continued operations?
The provided data shows significant year-over-year volatility in both revenue and expenses, with revenue dropping from $502,152 in 2019 to $135,000 in the most recent period. This pattern suggests a need for a more robust and transparent financial strategy to address funding gaps and ensure the organization's sustainability.
How does the Hyde Foundation manage its liabilities, which have shown considerable variation, such as $366,500 in 2016 compared to $149,995 in 2020?
The wide range in reported liabilities, from $366,500 in 2016 to $149,995 in 2020, indicates inconsistent financial obligations. A clear explanation of how these liabilities are incurred, managed, and ultimately resolved would provide better insight into the organization's financial health and risk management practices.
Filing History
IRS 990 filing history for The Hyde Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), The Hyde Foundation's revenue has declined by 55.7%, moving from $476K to $211K. Total assets decreased by 65.5% over the same period, from $596K to $206K. Total functional expenses fell by 71.7%, from $413K to $117K. In its most recent filing year (2020), The Hyde Foundation reported a surplus of $94K, with revenue exceeding expenses. The organization holds $150K in liabilities against $206K in assets (debt-to-asset ratio: 72.9%), resulting in net assets of $56K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $211K | $117K | $206K | $150K | — | View 990 |
| 2019 | $502K | $545K | $214 | $39K | — | View 990 |
| 2018 | $374K | $593K | $32K | $27K | — | View 990 |
| 2017 | $590K | $548K | $243K | $18K | — | View 990 |
| 2016 | $394K | $635K | $549K | $367K | — | View 990 |
| 2015 | $745K | $491K | $671K | $247K | — | View 990 |
| 2014 | $517K | $503K | $419K | $249K | — | View 990 |
| 2013 | $492K | $651K | $411K | $256K | — | View 990 |
| 2012 | $348K | $365K | $558K | $243K | — | View 990 |
| 2011 | $476K | $413K | $596K | $263K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $211K, expenses of $117K, and assets of $206K (revenue -58.1% year-over-year).
- 2019: Revenue of $502K, expenses of $545K, and assets of $214 (revenue +34.3% year-over-year).
- 2018: Revenue of $374K, expenses of $593K, and assets of $32K (revenue -36.6% year-over-year).
- 2017: Revenue of $590K, expenses of $548K, and assets of $243K (revenue +49.7% year-over-year).
- 2016: Revenue of $394K, expenses of $635K, and assets of $549K (revenue -47.1% year-over-year).
- 2015: Revenue of $745K, expenses of $491K, and assets of $671K (revenue +44.2% year-over-year).
- 2014: Revenue of $517K, expenses of $503K, and assets of $419K (revenue +5.1% year-over-year).
- 2013: Revenue of $492K, expenses of $651K, and assets of $411K (revenue +41.4% year-over-year).
- 2012: Revenue of $348K, expenses of $365K, and assets of $558K (revenue -26.9% year-over-year).
- 2011: Revenue of $476K, expenses of $413K, and assets of $596K.
Data Sources and Methodology
This transparency report for The Hyde Foundation 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.