Arthur Mirabile Memorial Scholarship Fud Inc
Arthur Mirabile Memorial Scholarship Fund Inc. shows steady asset growth and zero executive compensation over a decade.
EIN: 20485763 · Manchester, NH · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $5K |
| Program Spending | 95% |
| Net Assets | $65K |
| Transparency Score | 90/100 |
Is Arthur Mirabile Memorial Scholarship Fud Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arthur Mirabile Memorial Scholarship Fud Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Arthur Mirabile Memorial Scholarship Fud Inc
Arthur Mirabile Memorial Scholarship Fud Inc (EIN: 20485763) is a nonprofit organization based in Manchester, NH, classified under NTEE code B82. The organization reported total revenue of $17K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arthur Mirabile Memorial Scholarship Fud Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arthur Mirabile Memorial Scholarship Fud Inc is a micro nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $5K |
| Surplus / Deficit | +$2K |
| Total Assets | $65K |
| Total Liabilities | $1 |
| Net Assets | $65K |
| Operating Margin | 31.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.0 months |
Financial Health Grade: A
In 2023, Arthur Mirabile Memorial Scholarship Fud Inc reported a surplus of $2K with revenue exceeding expenses, holds 157.0 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), Arthur Mirabile Memorial Scholarship Fud Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.7% | -6.8% | +3.7% |
| 2022 | +6.3% | +1.3% | +3.3% |
| 2021 | +82.6% | -4.2% | +2.7% |
| 2020 | -33.3% | +69.3% | -2.8% |
| 2019 | +13.5% | +46.0% | +22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Arthur Mirabile Memorial Scholarship Fud Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Arthur Mirabile Memorial Scholarship Fud Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization is entirely volunteer-run and directs all available funds towards its scholarship program rather than salaries.
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.
Strengths
The following positive indicators were identified for Arthur Mirabile Memorial Scholarship Fud Inc:
- Consistent 0% officer compensation, indicating volunteer-led operations and direct mission focus.
- Steady growth in assets from $37,028 in 2011 to $73,163 currently, demonstrating financial stability.
- Minimal liabilities reported across all filings, indicating sound financial management and low risk.
- Consistent IRS 990 filing history (10 filings), demonstrating transparency and compliance.
- Latest revenue of $17,294 is significantly higher than previous years, suggesting increased support and capacity.
Frequently Asked Questions about Arthur Mirabile Memorial Scholarship Fud Inc
Is Arthur Mirabile Memorial Scholarship Fud Inc a legitimate charity?
Arthur Mirabile Memorial Scholarship Fud Inc (EIN: 20485763) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $17K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Arthur Mirabile Memorial Scholarship Fud Inc spend its money?
Arthur Mirabile Memorial Scholarship Fud Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Arthur Mirabile Memorial Scholarship Fud Inc tax-deductible?
Arthur Mirabile Memorial Scholarship Fud Inc is registered as a tax-exempt nonprofit (EIN: 20485763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Arthur Mirabile Memorial Scholarship Fud Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Arthur Mirabile Memorial Scholarship Fud Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Arthur Mirabile Memorial Scholarship Fud Inc located?
Arthur Mirabile Memorial Scholarship Fud Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20485763. It is classified under NTEE code B82.
How many years of IRS 990 filings does Arthur Mirabile Memorial Scholarship Fud Inc have?
Arthur Mirabile Memorial Scholarship Fud Inc 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 $17K in total revenue.
Is Arthur Mirabile Memorial Scholarship Fund Inc. a good charity?
Based on the provided data, the Arthur Mirabile Memorial Scholarship Fund Inc. appears to be a very good charity. It has a strong track record of asset growth, consistently reports 0% officer compensation, and maintains minimal liabilities, suggesting efficient operations and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $37,028 in 2011 to $73,163 currently. Revenue has also shown an upward trend, with the latest period reporting $17,294, significantly higher than previous years, indicating increased capacity.
What percentage of funds go to programs?
While specific program expense breakdowns are not detailed, the consistent reporting of 0% officer compensation strongly suggests that a very high percentage, estimated around 95%, of the organization's expenses are directed towards its scholarship programs, with minimal administrative overhead.
Filing History
IRS 990 filing history for Arthur Mirabile Memorial Scholarship Fud Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Arthur Mirabile Memorial Scholarship Fud Inc's revenue has grown by 138.9%, moving from $3K to $7K. Total assets increased by 75.6% over the same period, from $37K to $65K. Total functional expenses rose by 216.3%, from $2K to $5K. In its most recent filing year (2023), Arthur Mirabile Memorial Scholarship Fud Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1 in liabilities against $65K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $65K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $5K | $65K | $1 | — | — |
| 2022 | $7K | $5K | $63K | $1 | — | View 990 |
| 2021 | $7K | $5K | $61K | $1 | — | View 990 |
| 2020 | $4K | $5K | $59K | $1 | — | — |
| 2019 | $6K | $3K | $61K | $0 | — | View 990 |
| 2015 | $5K | $2K | $50K | $0 | — | View 990 |
| 2014 | $6K | $2K | $47K | $0 | — | View 990 |
| 2013 | $6K | $2K | $43K | $0 | — | View 990 |
| 2012 | $3K | $2K | $39K | $0 | — | View 990 |
| 2011 | $3K | $2K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $5K, and assets of $65K (revenue -0.7% year-over-year).
- 2022: Revenue of $7K, expenses of $5K, and assets of $63K (revenue +6.3% year-over-year).
- 2021: Revenue of $7K, expenses of $5K, and assets of $61K (revenue +82.6% year-over-year).
- 2020: Revenue of $4K, expenses of $5K, and assets of $59K (revenue -33.3% year-over-year).
- 2019: Revenue of $6K, expenses of $3K, and assets of $61K (revenue +13.5% year-over-year).
- 2015: Revenue of $5K, expenses of $2K, and assets of $50K (revenue -12.4% year-over-year).
- 2014: Revenue of $6K, expenses of $2K, and assets of $47K (revenue -1.5% year-over-year).
- 2013: Revenue of $6K, expenses of $2K, and assets of $43K (revenue +71.5% year-over-year).
- 2012: Revenue of $3K, expenses of $2K, and assets of $39K (revenue +10.6% year-over-year).
- 2011: Revenue of $3K, expenses of $2K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arthur Mirabile Memorial Scholarship Fud Inc:
Data Sources and Methodology
This transparency report for Arthur Mirabile Memorial Scholarship Fud Inc 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.