A W and Virginia Hanley Charitable Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
A W and Virginia Hanley Charitable Trust is a 501(c)(3) organization based in Midland, Texas, registered in 2016, with $14,284 in FY2024 revenue. CharityIndex grades it F.
300 N Marienfeld St Ste 700, Midland, TX, 79701 EIN 47-7207565 Since 2016
Revenue (FY2024)
$14K
▼ 33.3% vs prior year
Expenses (FY2024)
$217K
Net assets
$140K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for A W and Virginia Hanley Charitable Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating8 mo reserves · -1420% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For A W and Virginia Hanley Charitable Trust: 8 mo reserves · -1420% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for A W and Virginia Hanley Charitable Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For A W and Virginia Hanley Charitable Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $295K (FY2015) to $14K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $140K
Operating margin
-1419.6%
Spent more than it raised in the latest fiscal year.
Total assets
$140K
Total liabilities
$0
Net assets
$140K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $14,284▼33.3% | $217,059▼2.2% | $140,105▼59.1% | $140,105▼59.5% | 990PF |
| 2023 | $21,429▼30.5% | $221,957▼1.3% | $342,880▼36.9% | $345,616▼36.8% | 990PF |
| 2022 | $30,839▼27.0% | $224,925▼2.2% | $543,407▼26.3% | $547,127▼25.8% | 990PF |
| 2021 | $42,250▼27.0% | $229,983▼4.9% | $737,493▼20.3% | $737,493▼21.3% | 990PF |
| 2020 | $57,854▼5.2% | $241,884▲1.4% | $925,226▼16.6% | $937,226▼15.5% | 990PF |
| 2019 | $61,047▲47.7% | $238,558▼6.3% | $1,109,256▼13.8% | $1,109,256▼13.8% | 990PF |
| 2018 | $41,320▼23.4% | $254,707▼40.3% | $1,286,767▼14.2% | $1,286,767▼14.2% | 990PF |
| 2017 | $53,940▼97.2% | $426,547▲394% | $1,500,155▼19.9% | $1,500,155▼19.9% | 990PF |
| 2016 | $1,958,987▲564% | $86,296▼70.8% | $1,872,762▲2637593% | $1,872,762▲2637593% | 990PF |
| 2015 | $295,194 | $295,123 | $71 | $71 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is A W and Virginia Hanley Charitable Trust a legitimate nonprofit?
- Yes. A W and Virginia Hanley Charitable Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-7207565, based in Midland, Texas. Donations are tax-deductible.
- What is A W and Virginia Hanley Charitable Trust's EIN?
- A W and Virginia Hanley Charitable Trust's Employer Identification Number (EIN) is 47-7207565.
- How much revenue does A W and Virginia Hanley Charitable Trust report?
- A W and Virginia Hanley Charitable Trust reported $14,284 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does A W and Virginia Hanley Charitable Trust have?
- CharityIndex grades A W and Virginia Hanley Charitable Trust F, based on financial health (reserves and operating margin).
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Data for A W and Virginia Hanley Charitable Trust (EIN 47-7207565) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.