Quick charity verification for James E Mcgrath Irrv Tr (EIN: 207105018)
Verdict: James E Mcgrath Irrv Tr shows mixed signals
65/100Mission Score
$149KRevenue
$485KAssets
3Red Flags
3Strengths
Red Flags
Consistent annual deficits (expenses exceeding revenue), indicating a draw-down of assets or unsustainable spending.
Declining asset base over the past decade, from $568,223 in 2011 to $473,177 in 2023.
Lack of clear programmatic information or mission statement in the provided data.
Strengths
Zero officer compensation, indicating very low administrative overhead in terms of salaries.
Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
Stable asset base, despite the gradual decline, suggesting a well-managed endowment or trust.
Spending Breakdown
How James E Mcgrath Irrv Tr allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about James E Mcgrath Irrv Tr
Is James E Mcgrath Irrv Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, James E Mcgrath Irrv Tr (EIN: 207105018) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is James E Mcgrath Irrv Tr a good charity to donate to?
James E Mcgrath Irrv Tr has a Mission Score of 65/100. Revenue: $149K. Assets: $485K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for James E Mcgrath Irrv Tr?
The Employer Identification Number (EIN) for James E Mcgrath Irrv Tr is 207105018. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does James E Mcgrath Irrv Tr spend its money?
James E Mcgrath Irrv Tr allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify James E Mcgrath Irrv Tr's tax-exempt status?
You can verify James E Mcgrath Irrv Tr's tax-exempt status using EIN 207105018 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The James E Mcgrath Irrv Tr appears to be a relatively small, private foundation or trust, given its consistent revenue and expense levels, and the absence of officer compensation. Its financial health shows a gradual decline in assets over the past decade, from $568,223 in 2011 to $473,177 in 2023, indicating that expenses have frequently exceeded revenue. For instance, in 2023, revenue was $15,011 while expenses were $45,914, resulting in a significant deficit. This trend suggests the trust is drawing down its principal or experiencing investment losses.
Spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, the consistent lack of officer compensation is a positive indicator of low administrative overhead in terms of salaries. The primary financial activity seems to be managing its assets and distributing funds, though the specific programmatic impact is not clear from the provided data. The organization's transparency is good in terms of filing its IRS 990s, but without a clear mission statement or program descriptions, the public understanding of its purpose and impact is limited.
Overall, the trust demonstrates financial stability in terms of asset base, but its operational model consistently spends more than it earns annually, which is a long-term concern for sustainability if it intends to operate indefinitely. The lack of officer compensation is a strong point for efficiency, but the overall financial trend warrants closer examination of its investment performance and distribution strategy.