Atkins Charitable Trust
Atkins Charitable Trust reports $0 revenue and assets in latest filing, indicating potential inactivity or dissolution after years of fluctuating finances.
EIN: 16081034 · Waterville, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $29K |
| Program Spending | 70% |
| Net Assets | $41K |
| Transparency Score | 45/100 |
Is Atkins Charitable Trust Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atkins Charitable Trust directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Atkins Charitable Trust
Atkins Charitable Trust (EIN: 16081034) is a nonprofit organization based in Waterville, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atkins Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atkins Charitable Trust is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -37.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $29K |
| Surplus / Deficit | $-26,014 |
| Total Assets | $77K |
| Total Liabilities | $36K |
| Net Assets | $41K |
| Operating Margin | -808.9% |
| Debt-to-Asset Ratio | 46.5% |
| Months of Reserves | 31.5 months |
Financial Health Grade: B
In 2015, Atkins Charitable Trust reported a deficit of $26K with expenses exceeding revenue, holds 31.5 months of operating reserves (strong position), has a debt-to-asset ratio of 46.5% (moderate leverage).
Financial Trends
Over 5 years of filings (2011–2015), Atkins Charitable Trust's revenue has declined at a compound annual growth rate (CAGR) of -37.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -23.5% | +91.9% | +130.0% |
| 2014 | -86.8% | -43.5% | +114.1% |
| 2013 | +33.0% | -38.7% | +45.7% |
| 2012 | +11.4% | +128.1% | -21.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atkins Charitable Trust with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Atkins Charitable Trust allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors received compensation, which is appropriate for an organization of this size and financial profile.
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 Atkins Charitable Trust's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, suggesting potential inactivity or dissolution without clear explanation.
- Inconsistent financial performance with significant fluctuations in revenue and expenses over the years.
- Expenses frequently exceeded revenue, raising questions about long-term financial sustainability in prior periods (e.g., 2015 expenses $29,230 vs. revenue $3,216).
Strengths
The following positive indicators were identified for Atkins Charitable Trust:
- Consistent reporting of 0% officer compensation, indicating no executive pay.
- Assets grew significantly from $13,581 in 2011 to $76,632 in 2015, prior to the latest $0 report.
Frequently Asked Questions about Atkins Charitable Trust
Is Atkins Charitable Trust a legitimate charity?
Atkins Charitable Trust (EIN: 16081034) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 45/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Atkins Charitable Trust spend its money?
Atkins Charitable Trust directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Atkins Charitable Trust tax-deductible?
Atkins Charitable Trust is registered as a tax-exempt nonprofit (EIN: 16081034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Atkins Charitable Trust's spending goes to programs?
Atkins Charitable Trust directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Atkins Charitable Trust located?
Atkins Charitable Trust is headquartered in Waterville, Maine and files with the IRS under EIN 16081034.
How many years of IRS 990 filings does Atkins Charitable Trust have?
Atkins Charitable Trust has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the significant drop in assets and revenue to $0 in the latest filing?
The available data does not specify the reason for the sudden cessation of financial activity. It could indicate a dissolution, a change in reporting, or a period of dormancy.
What were the specific program activities funded by the Trust?
The provided IRS 990 data summary does not detail specific program activities. Further investigation into the full 990 forms would be required to understand the nature of their charitable work.
How did the Trust manage to cover expenses when revenue was significantly lower, such as in 2015?
In years where expenses exceeded revenue (e.g., 2015 with $29,230 expenses vs. $3,216 revenue), the Trust likely drew from accumulated assets or received contributions not categorized as revenue in the summary, or incurred liabilities.
Filing History
IRS 990 filing history for Atkins Charitable Trust showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Atkins Charitable Trust's revenue has declined by 85%, moving from $21K to $3K. Total assets increased by 464.3% over the same period, from $14K to $77K. Total functional expenses rose by 51.5%, from $19K to $29K. In its most recent filing year (2015), Atkins Charitable Trust reported a deficit of $26K, with expenses exceeding revenue. The organization holds $36K in liabilities against $77K in assets (debt-to-asset ratio: 46.5%), resulting in net assets of $41K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $3K | $29K | $77K | $36K | — | View 990 |
| 2014 | $4K | $15K | $33K | $36K | — | View 990 |
| 2013 | $32K | $27K | $16K | $31K | — | View 990 |
| 2012 | $24K | $44K | $11K | $31K | — | View 990 |
| 2011 | $21K | $19K | $14K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $3K, expenses of $29K, and assets of $77K (revenue -23.5% year-over-year).
- 2014: Revenue of $4K, expenses of $15K, and assets of $33K (revenue -86.8% year-over-year).
- 2013: Revenue of $32K, expenses of $27K, and assets of $16K (revenue +33.0% year-over-year).
- 2012: Revenue of $24K, expenses of $44K, and assets of $11K (revenue +11.4% year-over-year).
- 2011: Revenue of $21K, expenses of $19K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atkins Charitable Trust:
Data Sources and Methodology
This transparency report for Atkins Charitable 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.