Tully Hill Corporation
Tully Hill Corporation faces recent operational deficits and declining assets despite consistent zero officer compensation.
EIN: 161352562 · Tully, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $5.0M |
| Program Spending | 75% |
| Net Assets | $2.2M |
| Transparency Score | 65/100 |
Is Tully Hill Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tully Hill Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tully Hill Corporation
Tully Hill Corporation (EIN: 161352562) is a nonprofit organization based in Tully, NY. The organization reported total revenue of $4.0M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tully Hill Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tully Hill Corporation is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-751,983 |
| Total Assets | $3.3M |
| Total Liabilities | $1.2M |
| Net Assets | $2.2M |
| Operating Margin | -17.6% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 7.9 months |
Financial Health Grade: B
In 2023, Tully Hill Corporation reported a deficit of $752K with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tully Hill Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +611.0% | +31.8% | -15.3% |
| 2022 | -87.1% | -22.2% | -42.0% |
| 2021 | -14.1% | -5.0% | -2.0% |
| 2020 | -2.8% | -6.5% | +5.5% |
| 2019 | -0.6% | -3.2% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Tully Hill Corporation with a Mission Score of 65 out of 100 (Good). 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, Tully Hill Corporation 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 deficit of $752K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either that officers are not compensated or that their compensation is not reported in this category, which is a strong positive for transparency and resource allocation.
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 Tully Hill Corporation's IRS 990 filings:
- Recurring operational deficits in recent years (e.g., 202312: $4.2M revenue vs. $5.0M expenses; 202212: $0.6M revenue vs. $3.8M expenses).
- Significant decline in total assets from $6,887,811 in 202012 to $3,316,150 in 202312.
- Substantial increase in liabilities from $294,180 in 202112 to $1,150,500 in 202312.
- Drastic and unexplained revenue drop in 202212 to $602,414 from typical multi-million dollar figures.
Strengths
The following positive indicators were identified for Tully Hill Corporation:
- Consistent reporting of 0% officer compensation across all available filings, indicating strong transparency or volunteer leadership.
- Historically maintained positive net assets, though recent trends show decline.
Frequently Asked Questions about Tully Hill Corporation
Is Tully Hill Corporation a legitimate charity?
Tully Hill Corporation (EIN: 161352562) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.0M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Tully Hill Corporation spend its money?
Tully Hill Corporation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Tully Hill Corporation tax-deductible?
Tully Hill Corporation is registered as a tax-exempt nonprofit (EIN: 161352562). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tully Hill Corporation's spending goes to programs?
Tully Hill Corporation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Tully Hill Corporation located?
Tully Hill Corporation is headquartered in Tully, New York and files with the IRS under EIN 161352562.
How many years of IRS 990 filings does Tully Hill Corporation have?
Tully Hill Corporation 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 $4.0M in total revenue.
What caused the significant revenue drop to $602,414 in 202212?
The IRS 990 data shows a drastic decrease in revenue for the 202212 period compared to prior and subsequent years, which could indicate a one-time event, a reporting error, or a significant operational challenge that year. Further investigation into the organization's financial statements for that period would be necessary to understand the cause.
How does Tully Hill Corporation plan to address its recurring operational deficits?
In both 202312 and 202212, the organization's expenses exceeded its revenue. This trend of operating at a loss is unsustainable long-term and raises questions about the organization's strategies for increasing revenue or reducing expenses to achieve financial stability.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown of expenses, it's challenging to fully assess the organization's spending efficiency and how much of its budget directly supports its mission. This information is crucial for donors to understand the impact of their contributions.
Why have the organization's assets declined from $6,887,811 in 202012 to $3,316,150 in 202312?
The significant reduction in assets over a three-year period, coupled with increasing liabilities, suggests potential financial challenges or strategic asset divestment. Understanding the reasons behind this decline is important for assessing long-term financial health.
Filing History
IRS 990 filing history for Tully Hill Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tully Hill Corporation's revenue has declined by 32.5%, moving from $6.3M to $4.3M. Total assets decreased by 37.1% over the same period, from $5.3M to $3.3M. Total functional expenses fell by 13.7%, from $5.8M to $5.0M. In its most recent filing year (2023), Tully Hill Corporation reported a deficit of $752K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $3.3M in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $5.0M | $3.3M | $1.2M | — | — |
| 2022 | $602K | $3.8M | $3.9M | $740K | — | View 990 |
| 2021 | $4.7M | $4.9M | $6.8M | $294K | — | View 990 |
| 2020 | $5.4M | $5.2M | $6.9M | $311K | — | View 990 |
| 2019 | $5.6M | $5.5M | $6.5M | $300K | — | View 990 |
| 2018 | $5.6M | $5.7M | $6.4M | $293K | — | View 990 |
| 2017 | $6.1M | $5.6M | $6.6M | $365K | — | View 990 |
| 2016 | $5.9M | $5.5M | $6.2M | $427K | — | View 990 |
| 2015 | $6.2M | $5.3M | $5.7M | $398K | — | View 990 |
| 2014 | $5.3M | $5.3M | $5.1M | $546K | — | View 990 |
| 2013 | $5.9M | $5.8M | $5.3M | $816K | — | View 990 |
| 2012 | $6.4M | $6.1M | $5.2M | $893K | — | View 990 |
| 2011 | $6.3M | $5.8M | $5.3M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $5.0M, and assets of $3.3M (revenue +611.0% year-over-year).
- 2022: Revenue of $602K, expenses of $3.8M, and assets of $3.9M (revenue -87.1% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.9M, and assets of $6.8M (revenue -14.1% year-over-year).
- 2020: Revenue of $5.4M, expenses of $5.2M, and assets of $6.9M (revenue -2.8% year-over-year).
- 2019: Revenue of $5.6M, expenses of $5.5M, and assets of $6.5M (revenue -0.6% year-over-year).
- 2018: Revenue of $5.6M, expenses of $5.7M, and assets of $6.4M (revenue -7.6% year-over-year).
- 2017: Revenue of $6.1M, expenses of $5.6M, and assets of $6.6M (revenue +3.2% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.5M, and assets of $6.2M (revenue -5.0% year-over-year).
- 2015: Revenue of $6.2M, expenses of $5.3M, and assets of $5.7M (revenue +16.4% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.3M, and assets of $5.1M (revenue -10.5% year-over-year).
- 2013: Revenue of $5.9M, expenses of $5.8M, and assets of $5.3M (revenue -6.8% year-over-year).
- 2012: Revenue of $6.4M, expenses of $6.1M, and assets of $5.2M (revenue +0.6% year-over-year).
- 2011: Revenue of $6.3M, expenses of $5.8M, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tully Hill Corporation:
Data Sources and Methodology
This transparency report for Tully Hill Corporation 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.