Company G Memorial Charitable Tr
Company G Memorial Charitable Tr maintains stable assets with minimal revenue and expenses, reporting no officer compensation.
EIN: 16165385 · Winslow, ME · NTEE: A118 · Updated: 2026-03-28
Is Company G Memorial Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Company G Memorial Charitable Tr directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Company G Memorial Charitable Tr
Company G Memorial Charitable Tr (EIN: 16165385) is a nonprofit organization based in Winslow, ME, classified under NTEE code A118. The organization reported total revenue of $4K and total assets of $359K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Company G Memorial Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Company G Memorial Charitable Tr with a Mission Score of 75 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: 25%
- programs: 70%
- fundraising: 5%
According to IRS 990 filings, Company G Memorial Charitable Tr allocates its expenses as follows: admin: 25%, programs: 70%, fundraising: 5%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is a 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 Company G Memorial Charitable Tr's IRS 990 filings:
- Lack of detailed program spending information makes impact assessment difficult.
- Very low revenue in most years suggests limited active charitable operations beyond asset management.
Strengths
The following positive indicators were identified for Company G Memorial Charitable Tr:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Stable and substantial asset base ($359,041 in 2022) provides long-term financial security.
- Minimal liabilities ($1 in 2022) demonstrates strong financial management and low debt.
Frequently Asked Questions about Company G Memorial Charitable Tr
Is Company G Memorial Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Company G Memorial Charitable Tr (EIN: 16165385) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Company G Memorial Charitable Tr spend its money?
Company G Memorial Charitable Tr directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Company G Memorial Charitable Tr tax-deductible?
Company G Memorial Charitable Tr is registered as a tax-exempt nonprofit (EIN: 16165385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific programs or grants does Company G Memorial Charitable Tr support?
The provided IRS 990 data does not detail specific programs or grant recipients. Given its NTEE code A118 (Foundations & Giving Programs), it likely makes grants to other organizations or individuals, but the filings do not specify these activities.
How does Company G Memorial Charitable Tr generate its revenue?
The revenue figures are generally low, ranging from $500 to $6,950 in recent years, with an outlier of $159,667 in 2014. This suggests revenue may come from investment income on its assets, small donations, or occasional larger contributions, rather than active fundraising campaigns.
What is the purpose of the significant asset base ($359,041 in 2022) relative to its low annual expenses?
The substantial asset base, coupled with low annual expenses, indicates that Company G Memorial Charitable Tr likely operates as an endowment or private foundation, using investment returns from its assets to fund its minimal charitable activities and cover administrative costs.
Filing History
IRS 990 filing history for Company G Memorial Charitable Tr showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Company G Memorial Charitable Tr's revenue has declined by 55.6%, moving from $8K to $4K. Total functional expenses fell by 39.5%, from $5K to $3K. In its most recent filing year (2022), Company G Memorial Charitable Tr reported a surplus of $736, with revenue exceeding expenses. The organization holds $1 in liabilities against $359K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $359K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $4K | $3K | $359K | $1 | — | View 990 |
| 2021 | $7K | $3K | $358K | $1 | — | View 990 |
| 2020 | $5K | $2K | $354K | $1 | — | View 990 |
| 2019 | $500 | $2K | $351K | $1 | — | View 990 |
| 2015 | $1K | $4K | $360K | $0 | — | View 990 |
| 2014 | $160K | $4K | $362K | $0 | — | View 990 |
| 2013 | $4K | $4K | $359K | $152K | — | View 990 |
| 2012 | $5K | $6K | $359K | $152K | — | View 990 |
| 2011 | $8K | $5K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4K, expenses of $3K, and assets of $359K (revenue -48.2% year-over-year).
- 2021: Revenue of $7K, expenses of $3K, and assets of $358K (revenue +43.3% year-over-year).
- 2020: Revenue of $5K, expenses of $2K, and assets of $354K (revenue +870.0% year-over-year).
- 2019: Revenue of $500, expenses of $2K, and assets of $351K (revenue -65.5% year-over-year).
- 2015: Revenue of $1K, expenses of $4K, and assets of $360K (revenue -99.1% year-over-year).
- 2014: Revenue of $160K, expenses of $4K, and assets of $362K (revenue +3537.1% year-over-year).
- 2013: Revenue of $4K, expenses of $4K, and assets of $359K (revenue -7.1% year-over-year).
- 2012: Revenue of $5K, expenses of $6K, and assets of $359K (revenue -41.8% year-over-year).
- 2011: Revenue of $8K, expenses of $5K, and assets of $0.
Data Sources and Methodology
This transparency report for Company G Memorial Charitable Tr 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.