Myrtle E and William G Hess Charitable Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Myrtle E and William G Hess Charitable Trust is a 501(c)(3) organization based in Chicago, Illinois, registered in 1985, with $508,521 in FY2024 revenue. CharityIndex grades it C+.
10 S Dearborn Il1-0111, Chicago, IL, 60603 EIN 38-2617770 Since 1985
Revenue (FY2024)
$509K
▲ 62.7% vs prior year
Expenses (FY2024)
$506K
Net assets
$6.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Myrtle E and William G Hess 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 →
B+Financial health25% of the rating161 mo reserves · +1% 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 Myrtle E and William G Hess Charitable Trust: 161 mo reserves · +1% margin earns a B+ 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 Myrtle E and William G Hess 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 Myrtle E and William G Hess 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 $774K (FY2017) to $509K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $6.8M
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.8M
Total liabilities
$0
Net assets
$6.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $508,521▲62.7% | $505,846▲142% | $6,782,995 | $6,782,995 | 990PF |
| 2023 | $312,588▼25.5% | $209,042▼56.3% | $6,780,320▲1.5% | $6,780,320▲1.5% | 990PF |
| 2022 | $419,830▲11.2% | $477,930▼3.9% | $6,679,386▼0.9% | $6,679,386▼0.9% | 990PF |
| 2021 | $377,519▼36.4% | $497,501▲2.3% | $6,737,483▼1.8% | $6,737,483▼1.8% | 990PF |
| 2020 | $593,868▲99.1% | $486,230▲1.8% | $6,857,495▲1.6% | $6,857,495▲1.6% | 990PF |
| 2019 | $298,294▼63.8% | $477,747▲1.9% | $6,749,858▼2.6% | $6,749,858▼2.6% | 990PF |
| 2018 | $823,503▲6.4% | $468,745▲11.0% | $6,929,310▲5.4% | $6,929,310▲5.4% | 990PF |
| 2017 | $773,724 | $422,352▲11.6% | $6,574,588▲3.0% | $6,574,588▲3.0% | 990PF |
| 2011 | — | $378,563▼6.4% | $6,383,174▼11.0% | $6,383,174▼11.0% | 990PF |
| 2009 | — | $404,598 | $7,169,174 | $7,169,174 | 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 Myrtle E and William G Hess Charitable Trust a legitimate nonprofit?
- Yes. Myrtle E and William G Hess Charitable Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-2617770, based in Chicago, Illinois. Donations are tax-deductible.
- What is Myrtle E and William G Hess Charitable Trust's EIN?
- Myrtle E and William G Hess Charitable Trust's Employer Identification Number (EIN) is 38-2617770.
- How much revenue does Myrtle E and William G Hess Charitable Trust report?
- Myrtle E and William G Hess Charitable Trust reported $508,521 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Myrtle E and William G Hess Charitable Trust have?
- CharityIndex grades Myrtle E and William G Hess Charitable Trust C+, based on financial health (reserves and operating margin).
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Data for Myrtle E and William G Hess Charitable Trust (EIN 38-2617770) 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.