Edith H Mccobb Trust
Edith H Mccobb Trust maintains strong asset growth and zero executive compensation over a decade.
EIN: 16101113 · Camden, ME · NTEE: T00Z · Updated: 2026-03-28
Is Edith H Mccobb Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edith H Mccobb Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edith H Mccobb Trust
Edith H Mccobb Trust (EIN: 16101113) is a nonprofit organization based in Camden, ME, classified under NTEE code T00Z. The organization reported total revenue of $627K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edith H Mccobb Trust'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 Edith H Mccobb 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, Edith H Mccobb 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.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly efficient for an organization of its size with assets exceeding $1.2 million.
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 Edith H Mccobb Trust:
- Consistent asset growth, from $824,136 in 2011 to $1,261,114 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency.
- Minimal liabilities reported ($1 across all filings), demonstrating strong financial management.
- Stable expense management despite fluctuating revenues.
- High program spending ratio due to lack of executive compensation and fundraising expenses.
Frequently Asked Questions about Edith H Mccobb Trust
Is Edith H Mccobb Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Edith H Mccobb Trust (EIN: 16101113) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Edith H Mccobb Trust spend its money?
Edith H Mccobb Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edith H Mccobb Trust tax-deductible?
Edith H Mccobb Trust is registered as a tax-exempt nonprofit (EIN: 16101113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Edith H Mccobb Trust a good charity?
Based on its financial data, the Edith H Mccobb Trust appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and a remarkable commitment to efficiency by reporting 0% officer compensation across all filings. This suggests that nearly all expenses are directed towards its charitable purpose.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $824,136 in 2011 to $1,261,114 in 2023. While revenue has been volatile, expenses have been managed consistently, and liabilities have remained negligible, indicating stable and responsible financial stewardship.
What is the organization's approach to executive compensation?
The Edith H Mccobb Trust has a highly efficient approach to executive compensation, consistently reporting 0% officer compensation in all available IRS 990 filings. This means no funds are allocated to executive salaries, maximizing resources for its mission.
Filing History
IRS 990 filing history for Edith H Mccobb Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edith H Mccobb Trust's revenue has grown by 128%, moving from $46K to $104K. Total assets increased by 53% over the same period, from $824K to $1.3M. Total functional expenses rose by 33.9%, from $68K to $91K. In its most recent filing year (2023), Edith H Mccobb Trust reported a surplus of $13K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $91K | $1.3M | $1 | — | — |
| 2022 | $26K | $103K | $1.2M | $1 | — | View 990 |
| 2021 | $44K | $107K | $1.3M | $1 | — | View 990 |
| 2020 | $145K | $92K | $1.4M | $1 | — | — |
| 2019 | $94K | $83K | $1.3M | $1 | — | View 990 |
| 2015 | $69K | $69K | $766K | $1 | — | View 990 |
| 2014 | $100K | $67K | $766K | $1 | — | View 990 |
| 2013 | $34K | $58K | $732K | $1 | — | View 990 |
| 2012 | $-11,427 | $56K | $757K | $1 | — | View 990 |
| 2011 | $46K | $68K | $824K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $91K, and assets of $1.3M (revenue +300.0% year-over-year).
- 2022: Revenue of $26K, expenses of $103K, and assets of $1.2M (revenue -40.3% year-over-year).
- 2021: Revenue of $44K, expenses of $107K, and assets of $1.3M (revenue -69.9% year-over-year).
- 2020: Revenue of $145K, expenses of $92K, and assets of $1.4M (revenue +54.0% year-over-year).
- 2019: Revenue of $94K, expenses of $83K, and assets of $1.3M (revenue +36.2% year-over-year).
- 2015: Revenue of $69K, expenses of $69K, and assets of $766K (revenue -31.0% year-over-year).
- 2014: Revenue of $100K, expenses of $67K, and assets of $766K (revenue +197.0% year-over-year).
- 2013: Revenue of $34K, expenses of $58K, and assets of $732K.
- 2012: Revenue of $-11,427, expenses of $56K, and assets of $757K (revenue -125.0% year-over-year).
- 2011: Revenue of $46K, expenses of $68K, and assets of $824K.
Data Sources and Methodology
This transparency report for Edith H Mccobb 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.