Quick charity verification for Leeke L Magee Scholarship Trust (EIN: 206396586)
Verdict: Leeke L Magee Scholarship Trust appears trustworthy
90/100Mission Score
$5KRevenue
$96KAssets
1Red Flags
4Strengths
Red Flags
Negative revenue reported in 202012 ($-2,798) without clear explanation in summary data.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency.
Very low liabilities ($1 in recent years), demonstrating strong financial health.
Stable asset base around $95,000-$100,000 in recent years, providing a solid foundation.
Consistent IRS 990 filing history (8 filings), indicating good transparency and compliance.
Spending Breakdown
How Leeke L Magee Scholarship Trust allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Leeke L Magee Scholarship Trust
Is Leeke L Magee Scholarship Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Leeke L Magee Scholarship Trust (EIN: 206396586) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Leeke L Magee Scholarship Trust a good charity to donate to?
Leeke L Magee Scholarship Trust has a Mission Score of 90/100. Revenue: $5K. Assets: $96K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Leeke L Magee Scholarship Trust?
The Employer Identification Number (EIN) for Leeke L Magee Scholarship Trust is 206396586. 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 Leeke L Magee Scholarship Trust spend its money?
Leeke L Magee Scholarship Trust allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Leeke L Magee Scholarship Trust's tax-exempt status?
You can verify Leeke L Magee Scholarship Trust's tax-exempt status using EIN 206396586 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 Leeke L Magee Scholarship Trust appears to be a small, well-established organization focused on its mission, as evidenced by its consistent asset base and minimal liabilities. With total assets of $95,901 and liabilities of only $1 in the latest filing, the trust maintains a very strong financial position relative to its size. Its revenue streams are modest, with the latest reported revenue at $5,431, and expenses are generally kept in check, such as the $2,519 in expenses for the 202312 period. The organization's consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its programmatic goals rather than administrative overhead related to executive salaries.
While specific program spending details are not provided in the summary data, the absence of officer compensation suggests a high efficiency in resource allocation. The trust's financial health seems stable, with assets consistently around the $100,000 mark in recent years, despite some fluctuations in annual revenue and expenses. The negative revenue reported in 202012 ($-2,798) is an anomaly that warrants further investigation but does not appear to have significantly impacted the long-term asset stability. Overall, the trust demonstrates good financial stewardship and transparency through its consistent filings and lack of executive compensation.