Carl And Martha Drost Charitable
Carl And Martha Drost Charitable shows highly volatile financial performance with recent $0 revenue and assets.
EIN: 141945040 · Oskaloosa, IA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $242K |
| Program Spending | 75% |
| Net Assets | $537K |
| Transparency Score | 65/100 |
Is Carl And Martha Drost Charitable Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carl And Martha Drost Charitable directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carl And Martha Drost Charitable
Carl And Martha Drost Charitable (EIN: 141945040) is a nonprofit organization based in Oskaloosa, IA. 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 Carl And Martha Drost Charitable's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carl And Martha Drost Charitable is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -4.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $242K |
| Surplus / Deficit | $-131,301 |
| Total Assets | $537K |
| Total Liabilities | $1 |
| Net Assets | $537K |
| Operating Margin | -118.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 26.6 months |
Financial Health Grade: B
In 2015, Carl And Martha Drost Charitable reported a deficit of $131K with expenses exceeding revenue, holds 26.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Carl And Martha Drost Charitable's revenue has declined at a compound annual growth rate (CAGR) of -4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -78.8% | +492.6% | -19.6% |
| 2014 | +182.6% | -70.5% | +259.0% |
| 2013 | +20.1% | -5.3% | +33.5% |
| 2012 | +15.8% | +59.9% | +6.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carl And Martha Drost Charitable with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Carl And Martha Drost Charitable allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $131K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting a volunteer-led organization or one with no paid executives, which is positive for minimizing administrative 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 Carl And Martha Drost Charitable's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential inactivity or dissolution.
- Highly inconsistent revenue and expense patterns across years, making financial health assessment difficult.
- Significant deficit in 2015 ($131,301) after a large surplus in 2014 ($482,382).
Strengths
The following positive indicators were identified for Carl And Martha Drost Charitable:
- No officer compensation reported, indicating efficient use of funds for administrative salaries.
- Historically maintained positive assets, though recent data shows $0.
Frequently Asked Questions about Carl And Martha Drost Charitable
Is Carl And Martha Drost Charitable a legitimate charity?
Based on AI analysis of IRS 990 filings, Carl And Martha Drost Charitable (EIN: 141945040) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Carl And Martha Drost Charitable spend its money?
Carl And Martha Drost Charitable directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carl And Martha Drost Charitable tax-deductible?
Carl And Martha Drost Charitable is registered as a tax-exempt nonprofit (EIN: 141945040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carl And Martha Drost Charitable's spending goes to programs?
Carl And Martha Drost Charitable directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Carl And Martha Drost Charitable located?
Carl And Martha Drost Charitable is headquartered in Oskaloosa, Iowa and files with the IRS under EIN 141945040.
How many years of IRS 990 filings does Carl And Martha Drost Charitable have?
Carl And Martha Drost Charitable 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 period?
The latest filing shows $0 in revenue and assets, a drastic change from previous years where assets were over $500,000. This requires further investigation to understand if the organization ceased operations, merged, or if there's a reporting error.
How does the organization manage its expenses given the wide fluctuations in revenue?
The organization experienced a large deficit in 2015 ($110,749 revenue vs. $242,050 expenses) after a significant surplus in 2014 ($523,227 revenue vs. $40,845 expenses). This volatility suggests potential challenges in consistent financial planning and expense management.
What is the NTEE code and specific program activities of the organization?
The NTEE code is unknown, and without specific program details, it's difficult to assess the effectiveness and impact of its charitable activities, especially given the financial inconsistencies.
Filing History
IRS 990 filing history for Carl And Martha Drost Charitable showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Carl And Martha Drost Charitable's revenue has declined by 16.8%, moving from $133K to $111K. Total assets increased by 308.7% over the same period, from $131K to $537K. Total functional expenses rose by 164.9%, from $91K to $242K. In its most recent filing year (2015), Carl And Martha Drost Charitable reported a deficit of $131K, with expenses exceeding revenue. The organization holds $1 in liabilities against $537K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $537K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $111K | $242K | $537K | $1 | — | View 990 |
| 2014 | $523K | $41K | $669K | $25 | — | View 990 |
| 2013 | $185K | $138K | $186K | $25 | — | View 990 |
| 2012 | $154K | $146K | $140K | $25 | — | View 990 |
| 2011 | $133K | $91K | $131K | $25 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $111K, expenses of $242K, and assets of $537K (revenue -78.8% year-over-year).
- 2014: Revenue of $523K, expenses of $41K, and assets of $669K (revenue +182.6% year-over-year).
- 2013: Revenue of $185K, expenses of $138K, and assets of $186K (revenue +20.1% year-over-year).
- 2012: Revenue of $154K, expenses of $146K, and assets of $140K (revenue +15.8% year-over-year).
- 2011: Revenue of $133K, expenses of $91K, and assets of $131K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carl And Martha Drost Charitable:
Data Sources and Methodology
This transparency report for Carl And Martha Drost Charitable 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.