William F Connell Charitable Trust
William F Connell Charitable Trust: Significant Asset Growth, Minimal Program Spending
EIN: 222778156 · Boston, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $95K |
| Net Assets | $29.7M |
| Transparency Score | 20/100 |
Is William F Connell Charitable Trust Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About William F Connell Charitable Trust
William F Connell Charitable Trust (EIN: 222778156) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $3.4M and total assets of $30.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William F Connell Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William F Connell Charitable Trust is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 65.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.5M |
| Total Expenses | $95K |
| Surplus / Deficit | +$31.4M |
| Total Assets | $29.7M |
| Total Liabilities | $35 |
| Net Assets | $29.7M |
| Operating Margin | 99.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3742.1 months |
Financial Health Grade: A
In 2023, William F Connell Charitable Trust reported a surplus of $31.4M with revenue exceeding expenses, holds 3742.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), William F Connell Charitable Trust's revenue has grown at a compound annual growth rate (CAGR) of 65.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +502218.0% | -7.9% | +1245.3% |
| 2022 | -97.0% | -5.6% | -4.2% |
| 2021 | +180.8% | +11.4% | +4.6% |
| 2020 | +64.7% | +25.3% | -1.0% |
| 2019 | -72.0% | -34.2% | +18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 William F Connell Charitable Trust with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, William F Connell Charitable Trust allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, as indicated by 'c0%' for compensation.
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 William F Connell Charitable Trust's IRS 990 filings:
- Zero reported program service expenses in all available filings (e.g., $0 in 2023, 2022, 2021, 2020, 2019, 2015, 2014, 2013).
- 100% of reported expenses are categorized as administrative, raising questions about direct charitable impact.
- Significant asset growth from $1.8 million in 2013 to $29.6 million in 2023 without corresponding program spending.
- Lack of detailed information on how the trust fulfills its charitable purpose given the absence of program expenses.
Strengths
The following positive indicators were identified for William F Connell Charitable Trust:
- Substantial asset base of over $30 million, indicating significant financial capacity.
- Consistent revenue generation, with a notable increase to $31.4 million in 2023.
Frequently Asked Questions about William F Connell Charitable Trust
Is William F Connell Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, William F Connell Charitable Trust (EIN: 222778156) significant concerns. Mission Score: 20/100. 4 red flags identified, 2 strengths noted.
How does William F Connell Charitable Trust spend its money?
Detailed spending breakdown data is not yet available for William F Connell Charitable Trust. Check back for updated IRS 990 analysis.
Are donations to William F Connell Charitable Trust tax-deductible?
William F Connell Charitable Trust is registered as a tax-exempt nonprofit (EIN: 222778156). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is William F Connell Charitable Trust located?
William F Connell Charitable Trust is headquartered in Boston, Massachusetts and files with the IRS under EIN 222778156.
How many years of IRS 990 filings does William F Connell Charitable Trust have?
William F Connell Charitable Trust has 10 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 $3.4M in total revenue.
What does William F Connell Charitable Trust do?
William F Connell Charitable Trust is a nonprofit organization in the Unknown sector, located in Boston, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does William F Connell Charitable Trust have?
William F Connell Charitable Trust reported total revenue of $3,379,620. Based on 10 IRS 990 filings on record.
What are William F Connell Charitable Trust's total assets?
William F Connell Charitable Trust holds total assets of $30,065,445 as reported in IRS 990 filings.
Where is William F Connell Charitable Trust located?
William F Connell Charitable Trust is based in Boston, Massachusetts.
What is William F Connell Charitable Trust's EIN?
William F Connell Charitable Trust's Employer Identification Number (EIN) is 222778156. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is William F Connell Charitable Trust?
William F Connell Charitable Trust is classified under NTEE code Unknown (Unknown).
Is William F Connell Charitable Trust a registered 501(c)(3)?
William F Connell Charitable Trust appears in IRS records (EIN: 222778156). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does William F Connell Charitable Trust file IRS Form 990?
Yes, William F Connell Charitable Trust has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was William F Connell Charitable Trust's revenue in 2023?
In the 202312 filing period, William F Connell Charitable Trust reported total revenue of $31,470,222, total expenses of $95,222, and net assets of $29,694,186.
Is William F Connell Charitable Trust's revenue growing or declining?
William F Connell Charitable Trust's revenue is growing. Revenue went from $6,265 (202212) to $31,470,222 (202312), a +502218.0% change. Based on 10 filings on record.
What is William F Connell Charitable Trust's most recent 990 filing?
The most recent IRS Form 990 filing for William F Connell Charitable Trust covers tax period 202312. It shows revenue of $31,470,222, expenses of $95,222, total assets of $29,694,186, and liabilities of $35.
Is William F Connell Charitable Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, William F Connell Charitable Trust has notable concerns. Mission Score: 20/100 (Poor). 4 red flags identified. 2 strengths noted.
What are the red flags for William F Connell Charitable Trust?
The following concerns were identified: Zero reported program service expenses in all available filings (e.g., $0 in 2023, 2022, 2021, 2020, 2019, 2015, 2014, 2013).. 100% of reported expenses are categorized as administrative, raising questions about direct charitable impact.. Significant asset growth from $1.8 million in 2013 to $29.6 million in 2023 without corresponding program spending.. Lack of detailed information on how the trust fulfills its charitable purpose given the absence of program expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are William F Connell Charitable Trust's strengths?
Positive indicators for William F Connell Charitable Trust include: Substantial asset base of over $30 million, indicating significant financial capacity.. Consistent revenue generation, with a notable increase to $31.4 million in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does William F Connell Charitable Trust compensate executives?
Executive compensation is not reported in the available filings, as indicated by 'c0%' for compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is William F Connell Charitable Trust?
• The trust consistently reports 0% for program service expenses across all available filings. • Administrative expenses consume 100% of reported expenditures, with no clear breakdown of these costs. • The trust's filings provide minimal narrative detail regarding its charitable activities or grantmaking processes. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 in program service expenses across all available years, how does the William F Connell Charitable Trust fulfill its charitable mission and what specific activities or grants are undertaken?
The filings do not provide specific details on how the trust fulfills its charitable mission without any reported program service expenses. All reported expenditures are classified as administrative, leaving the direct impact unclear.
With assets growing from $1.8 million in 2013 to $29.6 million in 2023, what is the long-term strategy for deploying these substantial assets for charitable purposes, especially considering the lack of reported program spending?
The filings do not outline a long-term strategy for deploying the growing asset base for charitable purposes. The consistent absence of program expenses suggests a potential focus on asset accumulation rather than active grantmaking or direct program implementation.
Filing History
IRS 990 filing history for William F Connell Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William F Connell Charitable Trust's revenue has grown by 41245.1%, moving from $76K to $31.5M. Total assets increased by 1341.3% over the same period, from $2.1M to $29.7M. Total functional expenses fell by 31.1%, from $138K to $95K. In its most recent filing year (2023), William F Connell Charitable Trust reported a surplus of $31.4M, with revenue exceeding expenses. The organization holds $35 in liabilities against $29.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $29.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.5M | $95K | $29.7M | $35 | — | View 990 |
| 2022 | $6K | $103K | $2.2M | $35 | — | View 990 |
| 2021 | $211K | $110K | $2.3M | $1 | — | — |
| 2020 | $75K | $98K | $2.2M | $1 | — | View 990 |
| 2019 | $46K | $78K | $2.2M | $0 | — | View 990 |
| 2015 | $163K | $119K | $1.9M | $0 | — | View 990 |
| 2014 | $119K | $141K | $1.8M | $0 | — | View 990 |
| 2013 | $135K | $188K | $1.9M | $0 | — | View 990 |
| 2012 | $28K | $181K | $1.9M | $0 | — | View 990 |
| 2011 | $76K | $138K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.5M, expenses of $95K, and assets of $29.7M (revenue +502218.0% year-over-year).
- 2022: Revenue of $6K, expenses of $103K, and assets of $2.2M (revenue -97.0% year-over-year).
- 2021: Revenue of $211K, expenses of $110K, and assets of $2.3M (revenue +180.8% year-over-year).
- 2020: Revenue of $75K, expenses of $98K, and assets of $2.2M (revenue +64.7% year-over-year).
- 2019: Revenue of $46K, expenses of $78K, and assets of $2.2M (revenue -72.0% year-over-year).
- 2015: Revenue of $163K, expenses of $119K, and assets of $1.9M (revenue +37.1% year-over-year).
- 2014: Revenue of $119K, expenses of $141K, and assets of $1.8M (revenue -11.9% year-over-year).
- 2013: Revenue of $135K, expenses of $188K, and assets of $1.9M (revenue +388.6% year-over-year).
- 2012: Revenue of $28K, expenses of $181K, and assets of $1.9M (revenue -63.7% year-over-year).
- 2011: Revenue of $76K, expenses of $138K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William F Connell Charitable Trust:
Data Sources and Methodology
This transparency report for William F Connell 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.