Albert Young Irrevocable Scholarship Trust
Albert Young Irrevocable Scholarship Trust consistently provides scholarships with no officer compensation and stable assets.
EIN: 16136971 · Bangor, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $225K |
| Total Expenses | $55K |
| Program Spending | 90% |
| Net Assets | $710K |
| Transparency Score | 95/100 |
Is Albert Young Irrevocable Scholarship Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albert Young Irrevocable Scholarship Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albert Young Irrevocable Scholarship Trust
Albert Young Irrevocable Scholarship Trust (EIN: 16136971) is a nonprofit organization based in Bangor, ME, classified under NTEE code T22. The organization reported total revenue of $225K and total assets of $704K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albert Young Irrevocable Scholarship Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albert Young Irrevocable Scholarship Trust is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $55K |
| Surplus / Deficit | $-23,865 |
| Total Assets | $710K |
| Total Liabilities | $1 |
| Net Assets | $710K |
| Operating Margin | -75.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 153.7 months |
Financial Health Grade: B
In 2023, Albert Young Irrevocable Scholarship Trust reported a deficit of $24K with expenses exceeding revenue, holds 153.7 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), Albert Young Irrevocable Scholarship Trust's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.1% | -3.2% | -3.0% |
| 2022 | -14.0% | +3.3% | -0.6% |
| 2021 | -18.6% | +1.7% | +1.0% |
| 2020 | +52.6% | +0.3% | +3.1% |
| 2019 | +29.8% | +3.2% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Albert Young Irrevocable Scholarship Trust with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Albert Young Irrevocable Scholarship Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all ten available filings, indicating that no salaries are paid to executives, which is highly efficient for a scholarship trust of this size.
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 Albert Young Irrevocable Scholarship Trust's IRS 990 filings:
- Expenses occasionally exceed revenue, though covered by assets.
Strengths
The following positive indicators were identified for Albert Young Irrevocable Scholarship Trust:
- Zero officer compensation reported across all filings.
- Consistent IRS 990 filing history demonstrates transparency.
- Stable asset base (over $700,000) indicates financial health.
- Minimal liabilities ($0 or $1) show strong financial management.
- High program efficiency due to lack of executive salaries.
Frequently Asked Questions about Albert Young Irrevocable Scholarship Trust
Is Albert Young Irrevocable Scholarship Trust a legitimate charity?
Albert Young Irrevocable Scholarship Trust (EIN: 16136971) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $225K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Albert Young Irrevocable Scholarship Trust spend its money?
Albert Young Irrevocable Scholarship Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Albert Young Irrevocable Scholarship Trust tax-deductible?
Albert Young Irrevocable Scholarship Trust is registered as a tax-exempt nonprofit (EIN: 16136971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Albert Young Irrevocable Scholarship Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Albert Young Irrevocable Scholarship Trust is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albert Young Irrevocable Scholarship Trust located?
Albert Young Irrevocable Scholarship Trust is headquartered in Bangor, Maine and files with the IRS under EIN 16136971. It is classified under NTEE code T22.
How many years of IRS 990 filings does Albert Young Irrevocable Scholarship Trust have?
Albert Young Irrevocable Scholarship 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 $225K in total revenue.
Is Albert Young Irrevocable Scholarship Trust a good charity?
Yes, based on the available IRS 990 data, the Albert Young Irrevocable Scholarship Trust appears to be a very good charity. It has a clear mission (scholarships), consistently files its tax returns, maintains stable assets, and reports no officer compensation, meaning funds are directly used for its programs.
How does the trust manage its expenses when revenue is lower?
While expenses occasionally exceed revenue (e.g., $55,465 expenses vs. $31,600 revenue in 2023), the trust maintains a substantial asset base (over $700,000). This suggests that investment income from its assets or prior year surpluses are used to cover operational costs and scholarship disbursements, ensuring long-term sustainability.
What is the primary use of the trust's funds?
Given its name, NTEE code (T22 - Scholarship & Student Aid), and the absence of officer compensation, the primary use of the trust's funds is almost certainly for providing scholarships to students.
Filing History
IRS 990 filing history for Albert Young Irrevocable Scholarship Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Albert Young Irrevocable Scholarship Trust's revenue has declined by 1.6%, moving from $32K to $32K. Total assets decreased by 7.7% over the same period, from $770K to $710K. Total functional expenses rose by 9.7%, from $51K to $55K. In its most recent filing year (2023), Albert Young Irrevocable Scholarship Trust reported a deficit of $24K, with expenses exceeding revenue. The organization holds $1 in liabilities against $710K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $710K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $55K | $710K | $1 | — | — |
| 2022 | $54K | $57K | $732K | $1 | — | View 990 |
| 2021 | $62K | $55K | $737K | $1 | — | — |
| 2020 | $77K | $55K | $729K | $1 | — | — |
| 2019 | $50K | $54K | $708K | $0 | — | View 990 |
| 2015 | $39K | $53K | $720K | $0 | — | View 990 |
| 2014 | $41K | $62K | $734K | $0 | — | View 990 |
| 2013 | $48K | $40K | $755K | $0 | — | View 990 |
| 2012 | $29K | $51K | $747K | $0 | — | View 990 |
| 2011 | $32K | $51K | $770K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $55K, and assets of $710K (revenue -41.1% year-over-year).
- 2022: Revenue of $54K, expenses of $57K, and assets of $732K (revenue -14.0% year-over-year).
- 2021: Revenue of $62K, expenses of $55K, and assets of $737K (revenue -18.6% year-over-year).
- 2020: Revenue of $77K, expenses of $55K, and assets of $729K (revenue +52.6% year-over-year).
- 2019: Revenue of $50K, expenses of $54K, and assets of $708K (revenue +29.8% year-over-year).
- 2015: Revenue of $39K, expenses of $53K, and assets of $720K (revenue -4.6% year-over-year).
- 2014: Revenue of $41K, expenses of $62K, and assets of $734K (revenue -14.9% year-over-year).
- 2013: Revenue of $48K, expenses of $40K, and assets of $755K (revenue +64.8% year-over-year).
- 2012: Revenue of $29K, expenses of $51K, and assets of $747K (revenue -10.0% year-over-year).
- 2011: Revenue of $32K, expenses of $51K, and assets of $770K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albert Young Irrevocable Scholarship Trust:
Data Sources and Methodology
This transparency report for Albert Young Irrevocable Scholarship 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.