Caroline S Wooster Trust
Caroline S Wooster Trust maintains stable assets and zero officer compensation while managing fluctuating revenues.
EIN: 16080767 · Portland, ME · NTEE: B40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $389K |
| Total Expenses | $104K |
| Program Spending | 90% |
| Net Assets | $516K |
| Transparency Score | 85/100 |
Is Caroline S Wooster Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caroline S Wooster Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caroline S Wooster Trust
Caroline S Wooster Trust (EIN: 16080767) is a nonprofit organization based in Portland, ME, classified under NTEE code B40. The organization reported total revenue of $389K and total assets of $557K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caroline S Wooster Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caroline S Wooster Trust is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 29.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $104K |
| Surplus / Deficit | +$4K |
| Total Assets | $516K |
| Total Liabilities | $1 |
| Net Assets | $516K |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 59.5 months |
Financial Health Grade: A
In 2023, Caroline S Wooster Trust reported a surplus of $4K with revenue exceeding expenses, holds 59.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Caroline S Wooster Trust's revenue has grown at a compound annual growth rate (CAGR) of 29.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +142.9% | -0.6% | +0.9% |
| 2022 | -55.2% | +26.2% | -10.6% |
| 2021 | +100.3% | +84.4% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
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 Caroline S Wooster Trust with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Caroline S Wooster Trust allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Caroline S Wooster Trust consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers. This suggests a highly efficient operational model, likely relying on volunteer efforts or external, non-officer administrative support, which is commendable for an organization of its size.
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 Caroline S Wooster Trust's IRS 990 filings:
- Expenses significantly exceeded revenue in 2022 ($104,677 expenses vs. $44,385 revenue), potentially indicating reliance on asset draw in some periods.
Strengths
The following positive indicators were identified for Caroline S Wooster Trust:
- Consistent reporting of 0% officer compensation, indicating high efficiency and focus on mission.
- Maintains a strong and stable asset base (over $500,000) to support its grantmaking activities.
- Minimal liabilities ($1 reported consistently) demonstrating strong financial health.
- Regular and transparent IRS 990 filings available for public review.
Frequently Asked Questions about Caroline S Wooster Trust
Is Caroline S Wooster Trust a legitimate charity?
Caroline S Wooster Trust (EIN: 16080767) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 4 years of IRS 990 filings on record. Total revenue: $389K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Caroline S Wooster Trust spend its money?
Caroline S Wooster Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Caroline S Wooster Trust tax-deductible?
Caroline S Wooster Trust is registered as a tax-exempt nonprofit (EIN: 16080767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Caroline S Wooster Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Caroline S Wooster Trust is above average for NTEE category B40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Caroline S Wooster Trust located?
Caroline S Wooster Trust is headquartered in Portland, Maine and files with the IRS under EIN 16080767. It is classified under NTEE code B40.
How many years of IRS 990 filings does Caroline S Wooster Trust have?
Caroline S Wooster Trust has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $389K in total revenue.
Is the Caroline S Wooster Trust a good charity?
Based on the available data, the Caroline S Wooster Trust appears to be a well-managed private foundation. It maintains a healthy asset base (over $500,000), consistently reports 0% officer compensation, and has a clear filing history. Its primary function as a grantmaking foundation means its expenses are largely programmatic. The lack of executive compensation and minimal liabilities are strong positive indicators.
How does the organization manage its expenses relative to its revenue?
The organization generally manages its expenses well, with expenses often close to or below revenue. For example, in 2023, revenue was $107,809 and expenses were $104,068. However, in 2022, expenses ($104,677) significantly exceeded revenue ($44,385), indicating a year where the trust likely drew from its endowment to cover its grantmaking or operational costs. This is not uncommon for foundations, but it's a point to note.
What is the trend in the organization's assets?
The organization's assets have remained relatively stable over the past four years, fluctuating between $511,543 (2022) and $572,404 (2021). The latest reported assets are $516,325 (2023), indicating a consistent endowment base for its operations.
Filing History
IRS 990 filing history for Caroline S Wooster Trust showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Caroline S Wooster Trust's revenue has grown by 117.9%, moving from $49K to $108K. Total assets decreased by 7.2% over the same period, from $556K to $516K. Total functional expenses rose by 131.5%, from $45K to $104K. In its most recent filing year (2023), Caroline S Wooster Trust reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $516K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $516K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $104K | $516K | $1 | — | View 990 |
| 2022 | $44K | $105K | $512K | $1 | — | View 990 |
| 2021 | $99K | $83K | $572K | $1 | — | — |
| 2020 | $49K | $45K | $556K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $104K, and assets of $516K (revenue +142.9% year-over-year).
- 2022: Revenue of $44K, expenses of $105K, and assets of $512K (revenue -55.2% year-over-year).
- 2021: Revenue of $99K, expenses of $83K, and assets of $572K (revenue +100.3% year-over-year).
- 2020: Revenue of $49K, expenses of $45K, and assets of $556K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caroline S Wooster Trust:
Data Sources and Methodology
This transparency report for Caroline S Wooster 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.