Bracy Memorial Trust Fund
EIN: 262813347 · Augusta, ME · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $309K |
| Total Expenses | $53K |
| Net Assets | $686K |
Is Bracy Memorial Trust Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bracy Memorial Trust Fund
Bracy Memorial Trust Fund (EIN: 262813347) is a nonprofit organization based in Augusta, ME, classified under NTEE code T20. The organization reported total revenue of $309K and total assets of $676K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bracy Memorial Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bracy Memorial Trust Fund is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $53K |
| Surplus / Deficit | +$6K |
| Total Assets | $686K |
| Total Liabilities | $1 |
| Net Assets | $686K |
| Operating Margin | 10.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 154.7 months |
Financial Health Grade: A
In 2023, Bracy Memorial Trust Fund reported a surplus of $6K with revenue exceeding expenses, holds 154.7 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), Bracy Memorial Trust Fund's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.4% | -6.3% | +1.0% |
| 2022 | -51.7% | -2.1% | -3.1% |
| 2021 | +119.9% | +18.6% | +2.3% |
| 2020 | +57.9% | +1.4% | -2.2% |
| 2019 | -83.4% | +7.8% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bracy Memorial Trust Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bracy Memorial Trust Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Bracy Memorial Trust Fund
Is Bracy Memorial Trust Fund a legitimate charity?
Bracy Memorial Trust Fund (EIN: 262813347) is a registered tax-exempt nonprofit based in Maine. It has 10 years of IRS 990 filings on record. Total revenue: $309K. No red flags identified. Financial health grade: A.
How does Bracy Memorial Trust Fund spend its money?
Bracy Memorial Trust Fund reported $309K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bracy Memorial Trust Fund tax-deductible?
Bracy Memorial Trust Fund is registered as a tax-exempt nonprofit (EIN: 262813347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bracy Memorial Trust Fund located?
Bracy Memorial Trust Fund is headquartered in Augusta, Maine and files with the IRS under EIN 262813347. It is classified under NTEE code T20.
How many years of IRS 990 filings does Bracy Memorial Trust Fund have?
Bracy Memorial Trust Fund 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 $309K in total revenue.
Filing History
IRS 990 filing history for Bracy Memorial Trust Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Bracy Memorial Trust Fund's revenue has grown by 103.9%, moving from $29K to $60K. Total assets increased by 12.3% over the same period, from $611K to $686K. Total functional expenses rose by 23.9%, from $43K to $53K. In its most recent filing year (2023), Bracy Memorial Trust Fund reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1 in liabilities against $686K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $686K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $53K | $686K | $1 | — | — |
| 2022 | $36K | $57K | $679K | $1 | — | — |
| 2021 | $74K | $58K | $701K | $1 | — | — |
| 2020 | $34K | $49K | $685K | $1 | — | View 990 |
| 2019 | $21K | $48K | $701K | $1 | — | View 990 |
| 2015 | $128K | $45K | $729K | $1 | — | View 990 |
| 2014 | $102K | $46K | $646K | $0 | — | View 990 |
| 2013 | $42K | $41K | $590K | $0 | — | View 990 |
| 2012 | $21K | $43K | $589K | $1 | — | View 990 |
| 2011 | $29K | $43K | $611K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $53K, and assets of $686K (revenue +67.4% year-over-year).
- 2022: Revenue of $36K, expenses of $57K, and assets of $679K (revenue -51.7% year-over-year).
- 2021: Revenue of $74K, expenses of $58K, and assets of $701K (revenue +119.9% year-over-year).
- 2020: Revenue of $34K, expenses of $49K, and assets of $685K (revenue +57.9% year-over-year).
- 2019: Revenue of $21K, expenses of $48K, and assets of $701K (revenue -83.4% year-over-year).
- 2015: Revenue of $128K, expenses of $45K, and assets of $729K (revenue +25.2% year-over-year).
- 2014: Revenue of $102K, expenses of $46K, and assets of $646K (revenue +146.0% year-over-year).
- 2013: Revenue of $42K, expenses of $41K, and assets of $590K (revenue +99.8% year-over-year).
- 2012: Revenue of $21K, expenses of $43K, and assets of $589K (revenue -28.8% year-over-year).
- 2011: Revenue of $29K, expenses of $43K, and assets of $611K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bracy Memorial Trust Fund:
Data Sources and Methodology
This transparency report for Bracy Memorial Trust Fund 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.