Camden Student Trust Fund

Camden Student Trust Fund's assets have declined by over 85% in a decade, with expenses consistently exceeding minimal revenue.

EIN: 16015938 · Camden, ME · Updated: 2026-03-28

$6Revenue

$7KAssets

60/100Mission Score (Good)

Is Camden Student Trust Fund Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Camden Student Trust Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Camden Student Trust Fund

Camden Student Trust Fund (EIN: 16015938) is a nonprofit organization based in Camden, ME. The organization reported total revenue of $6 and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Camden Student Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Camden Student Trust Fund appears to be a very small organization, as indicated by its latest reported revenue of just $6 and assets of $6,796 in 2020. The organization has consistently reported minimal revenue over the years, often significantly less than its expenses. For example, in 2020, it had $6 in revenue against $6,495 in expenses, and in 2019, $10 in revenue against $7,386 in expenses. This suggests that the organization is either winding down, operating on a very limited scale, or primarily disbursing funds from a diminishing endowment rather than actively fundraising. The consistent reporting of $1 in liabilities across all filings suggests a stable, albeit minimal, financial structure.

The spending efficiency is difficult to fully assess without a detailed breakdown of expenses, but the consistent deficit spending (expenses far exceeding revenue) is a notable trend. Given the lack of officer compensation reported (0% in all available periods), it suggests that the organization is likely run by volunteers, which can be a positive indicator of efficiency in terms of personnel costs. However, the overall financial health appears to be in decline, with assets decreasing from $51,603 in 2011 to $6,796 in 2020, indicating a steady depletion of its financial base. Transparency is generally good through its consistent 990 filings, but the lack of detailed expense categories limits a deeper analysis of program versus administrative spending.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Camden Student Trust Fund with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Camden Student Trust Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based and receives no salary, which is positive for minimizing overhead.

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 Camden Student Trust Fund's IRS 990 filings:

Consistent and significant deficit spending (expenses far exceeding revenue) over multiple years.
Steady decline in assets from $51,603 in 2011 to $6,796 in 2020, indicating financial depletion.
Extremely low reported revenue, suggesting limited financial activity or fundraising capacity.

Strengths

The following positive indicators were identified for Camden Student Trust Fund:

No reported officer compensation (0%), indicating volunteer leadership and low personnel overhead.
Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
Stable, minimal liabilities ($1 across all filings).

Frequently Asked Questions about Camden Student Trust Fund

Is Camden Student Trust Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Camden Student Trust Fund (EIN: 16015938) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.

How does Camden Student Trust Fund spend its money?

Camden Student Trust Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Camden Student Trust Fund tax-deductible?

Camden Student Trust Fund is registered as a tax-exempt nonprofit (EIN: 16015938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Camden Student Trust Fund actively fundraising?

Based on the consistently low reported revenue (e.g., $6 in 2020, $10 in 2019), it appears the organization is not actively or successfully fundraising on a significant scale, or its primary funding mechanism is not reflected in typical revenue streams.

What is the primary source of funding for Camden Student Trust Fund?

The filings do not explicitly detail the primary source of funding. However, given the declining assets and minimal revenue, it suggests the organization may be operating from a diminishing endowment or investment income that is not sufficient to cover expenses.

Why are expenses consistently higher than revenue?

Expenses consistently exceeding revenue (e.g., $6,495 expenses vs. $6 revenue in 2020) indicates that the organization is drawing down its assets to cover operational costs, rather than generating sufficient income to sustain itself.

Filing History

IRS 990 filing history for Camden Student Trust Fund showing financial trends over 7 years of public records:

Total assets decreased by 86.8% over the same period, from $52K to $7K. Total functional expenses rose by 126.3%, from $3K to $6K. In its most recent filing year (2020), Camden Student Trust Fund reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$6	$6K	$7K	$1	—	—
2019	$10	$7K	$13K	$1	—	View 990
2015	$21	$3K	$41K	$1	—	View 990
2014	$21	$3K	$43K	$1	—	View 990
2013	$25	$3K	$46K	$1	—	View 990
2012	$91	$3K	$49K	$1	—	View 990
2011	$-797	$3K	$52K	$1	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $6, expenses of $6K, and assets of $7K (revenue -40.0% year-over-year).
2019: Revenue of $10, expenses of $7K, and assets of $13K (revenue -52.4% year-over-year).
2015: Revenue of $21, expenses of $3K, and assets of $41K (revenue +0.0% year-over-year).
2014: Revenue of $21, expenses of $3K, and assets of $43K (revenue -16.0% year-over-year).
2013: Revenue of $25, expenses of $3K, and assets of $46K (revenue -72.5% year-over-year).
2012: Revenue of $91, expenses of $3K, and assets of $49K.
2011: Revenue of $-797, expenses of $3K, and assets of $52K.

Data Sources and Methodology

This transparency report for Camden Student 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.