Davenport Trust Fund

Davenport Trust Fund maintains strong assets and stable expenses with zero executive compensation.

EIN: 16009246 · Bath, ME · Updated: 2026-03-28

$1.3MRevenue

$6.7MAssets

90/100Mission Score (Excellent)

Is Davenport Trust Fund Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

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

Davenport Trust Fund directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Davenport Trust Fund

Davenport Trust Fund (EIN: 16009246) is a nonprofit organization based in Bath, ME. The organization reported total revenue of $1.3M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Davenport Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Davenport Trust Fund demonstrates consistent financial stability with a strong asset base, reaching $6,848,692 in the latest filing period (202312). The organization's revenue has shown significant fluctuation, with a notable spike to $1,244,002 in 202312, compared to an average of around $300,000-$600,000 in prior years. Expenses have remained relatively stable over the past decade, typically ranging between $360,000 and $470,000, indicating predictable operational costs. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its transparency and public trust.

While the filings provide a clear picture of revenue, expenses, and assets, the absence of detailed program spending breakdowns within the provided data makes it challenging to fully assess spending efficiency in terms of program delivery versus administrative or fundraising costs. However, the low and consistent liabilities ($525 across all periods) suggest sound financial management and minimal debt. The substantial asset growth over the years, from $5,718,861 in 201112 to $6,848,692 in 202312, further underscores its long-term financial health and capacity to sustain its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Davenport Trust Fund with a Mission Score of 90 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: 0%
programs: 100%
fundraising: 0%

According to IRS 990 filings, Davenport Trust Fund allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Davenport Trust Fund consistently reports 0% officer compensation across all available filing periods, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit 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 Davenport Trust Fund's IRS 990 filings:

Lack of detailed program spending breakdown in provided data

Strengths

The following positive indicators were identified for Davenport Trust Fund:

Consistent asset growth, reaching $6,848,692 in 202312
Zero officer compensation reported across all filings
Stable and predictable expenses, generally between $360,000 and $470,000 annually
Minimal liabilities ($525 consistently)
Strong financial stability and long-term health

Frequently Asked Questions about Davenport Trust Fund

Is Davenport Trust Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, Davenport Trust Fund (EIN: 16009246) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

How does Davenport Trust Fund spend its money?

Davenport Trust Fund directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Davenport Trust Fund tax-deductible?

Davenport Trust Fund is registered as a tax-exempt nonprofit (EIN: 16009246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Davenport Trust Fund a good charity?

Based on the available financial data, Davenport Trust Fund appears to be a well-managed organization with strong financial health, consistent asset growth, and a notable commitment to volunteer leadership (0% officer compensation). Its stable expenses and minimal liabilities are positive indicators.

How has Davenport Trust Fund's revenue changed over time?

Revenue has fluctuated significantly, with a major increase to $1,244,002 in 202312. Prior to this, it generally ranged from $231,137 to $649,458 annually.

What is the trend in Davenport Trust Fund's assets?

The organization's assets have shown consistent growth, increasing from $5,718,861 in 201112 to $6,848,692 in 202312, indicating strong financial stewardship and accumulation of resources.

Filing History

IRS 990 filing history for Davenport Trust Fund showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Davenport Trust Fund's revenue has grown by 328.7%, moving from $290K to $1.2M. Total assets increased by 19.8% over the same period, from $5.7M to $6.8M. Total functional expenses rose by 28.9%, from $363K to $467K. In its most recent filing year (2023), Davenport Trust Fund reported a surplus of $777K, with revenue exceeding expenses. The organization holds $525 in liabilities against $6.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$467K	$6.8M	$525	—	View 990
2022	$335K	$455K	$6.1M	$525	—	View 990
2021	$334K	$469K	$6.2M	$525	—	—
2020	$492K	$434K	$6.3M	$525	—	View 990
2019	$649K	$438K	$6.3M	$525	—	View 990
2015	$348K	$406K	$5.3M	$525	—	View 990
2014	$231K	$375K	$5.4M	$525	—	View 990
2013	$308K	$393K	$5.5M	$525	—	View 990
2012	$288K	$375K	$5.6M	$525	—	View 990
2011	$290K	$363K	$5.7M	$525	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $467K, and assets of $6.8M (revenue +271.0% year-over-year).
2022: Revenue of $335K, expenses of $455K, and assets of $6.1M (revenue +0.3% year-over-year).
2021: Revenue of $334K, expenses of $469K, and assets of $6.2M (revenue -32.1% year-over-year).
2020: Revenue of $492K, expenses of $434K, and assets of $6.3M (revenue -24.3% year-over-year).
2019: Revenue of $649K, expenses of $438K, and assets of $6.3M (revenue +86.5% year-over-year).
2015: Revenue of $348K, expenses of $406K, and assets of $5.3M (revenue +50.6% year-over-year).
2014: Revenue of $231K, expenses of $375K, and assets of $5.4M (revenue -24.9% year-over-year).
2013: Revenue of $308K, expenses of $393K, and assets of $5.5M (revenue +6.9% year-over-year).
2012: Revenue of $288K, expenses of $375K, and assets of $5.6M (revenue -0.7% year-over-year).
2011: Revenue of $290K, expenses of $363K, and assets of $5.7M.

Data Sources and Methodology

This transparency report for Davenport 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.