Charles Eades Scholarship Trust
Charles Eades Scholarship Trust maintains strong asset growth and minimal liabilities with no officer compensation.
EIN: 207217388 · Evansville, IN · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $477K |
| Total Expenses | $83K |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 95/100 |
Is Charles Eades Scholarship Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles Eades Scholarship Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles Eades Scholarship Trust
Charles Eades Scholarship Trust (EIN: 207217388) is a nonprofit organization based in Evansville, IN, classified under NTEE code B82. The organization reported total revenue of $477K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles Eades Scholarship Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles Eades Scholarship Trust is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $83K |
| Surplus / Deficit | +$20K |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | 19.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 197.4 months |
Financial Health Grade: A
In 2023, Charles Eades Scholarship Trust reported a surplus of $20K with revenue exceeding expenses, holds 197.4 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), Charles Eades Scholarship Trust's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +182.1% | -11.5% | +2.0% |
| 2022 | -75.5% | +65.0% | -4.1% |
| 2021 | +30.6% | -13.7% | +7.1% |
| 2020 | +101.7% | -10.1% | +4.0% |
| 2019 | -56.9% | -21.8% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Charles Eades Scholarship Trust with a Mission Score of 95 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, Charles Eades Scholarship 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 $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly efficient for a scholarship trust 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.
Strengths
The following positive indicators were identified for Charles Eades Scholarship Trust:
- Consistent asset growth, from $1,125,935 in 2011 to $1,357,146 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Minimal liabilities, consistently reported as $1, demonstrating strong financial health.
- Expenses generally below revenue in recent years, allowing for asset accumulation.
Frequently Asked Questions about Charles Eades Scholarship Trust
Is Charles Eades Scholarship Trust a legitimate charity?
Charles Eades Scholarship Trust (EIN: 207217388) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $477K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Charles Eades Scholarship Trust spend its money?
Charles Eades Scholarship Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Charles Eades Scholarship Trust tax-deductible?
Charles Eades Scholarship Trust is registered as a tax-exempt nonprofit (EIN: 207217388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Charles Eades Scholarship Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Charles Eades Scholarship Trust is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charles Eades Scholarship Trust located?
Charles Eades Scholarship Trust is headquartered in Evansville, Indiana and files with the IRS under EIN 207217388. It is classified under NTEE code B82.
How many years of IRS 990 filings does Charles Eades Scholarship Trust have?
Charles Eades Scholarship Trust 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 $477K in total revenue.
Is Charles Eades Scholarship Trust a good charity?
Based on the provided data, the Charles Eades Scholarship Trust appears to be a very good charity. It consistently maintains low liabilities, has no officer compensation, and has shown steady asset growth, indicating strong financial management and a clear focus on its mission.
How does the organization fund its operations?
The organization's revenue fluctuates, suggesting a mix of investment income and potentially donations. Given its NTEE code (B82 - Scholarship & Student Aid) and asset growth, it likely relies on its endowment's returns to fund scholarships.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $1,125,935 in 2011 to $1,357,146 in 2023, indicating effective financial stewardship and accumulation of resources for its mission.
Filing History
IRS 990 filing history for Charles Eades Scholarship Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Charles Eades Scholarship Trust's revenue has grown by 129.3%, moving from $45K to $103K. Total assets increased by 20.5% over the same period, from $1.1M to $1.4M. Total functional expenses rose by 2.5%, from $81K to $83K. In its most recent filing year (2023), Charles Eades Scholarship Trust reported a surplus of $20K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $83K | $1.4M | $1 | — | View 990 |
| 2022 | $36K | $93K | $1.3M | $1 | — | View 990 |
| 2021 | $149K | $56K | $1.4M | $1 | — | — |
| 2020 | $114K | $65K | $1.3M | $1 | — | — |
| 2019 | $57K | $73K | $1.2M | $1 | — | View 990 |
| 2015 | $131K | $93K | $1.2M | $0 | — | View 990 |
| 2014 | $146K | $88K | $1.2M | $0 | — | View 990 |
| 2013 | $106K | $96K | $1.1M | $0 | — | View 990 |
| 2012 | $52K | $81K | $1.1M | $0 | — | View 990 |
| 2011 | $45K | $81K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $83K, and assets of $1.4M (revenue +182.1% year-over-year).
- 2022: Revenue of $36K, expenses of $93K, and assets of $1.3M (revenue -75.5% year-over-year).
- 2021: Revenue of $149K, expenses of $56K, and assets of $1.4M (revenue +30.6% year-over-year).
- 2020: Revenue of $114K, expenses of $65K, and assets of $1.3M (revenue +101.7% year-over-year).
- 2019: Revenue of $57K, expenses of $73K, and assets of $1.2M (revenue -56.9% year-over-year).
- 2015: Revenue of $131K, expenses of $93K, and assets of $1.2M (revenue -10.2% year-over-year).
- 2014: Revenue of $146K, expenses of $88K, and assets of $1.2M (revenue +38.2% year-over-year).
- 2013: Revenue of $106K, expenses of $96K, and assets of $1.1M (revenue +104.6% year-over-year).
- 2012: Revenue of $52K, expenses of $81K, and assets of $1.1M (revenue +15.3% year-over-year).
- 2011: Revenue of $45K, expenses of $81K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles Eades Scholarship Trust:
Data Sources and Methodology
This transparency report for Charles Eades Scholarship 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.