Edith L & H Danforth Ross Scholarship Fund 124 6130894630
Edith L & H Danforth Ross Scholarship Fund consistently grows assets and maintains minimal administrative costs.
EIN: 16075602 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $113K |
| Total Expenses | $1K |
| Program Spending | 98% |
| Net Assets | $729K |
| Transparency Score | 95/100 |
Is Edith L & H Danforth Ross Scholarship Fund 124 6130894630 Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edith L & H Danforth Ross Scholarship Fund 124 6130894630 directs 98% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edith L & H Danforth Ross Scholarship Fund 124 6130894630
Edith L & H Danforth Ross Scholarship Fund 124 6130894630 (EIN: 16075602) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $113K and total assets of $792K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edith L & H Danforth Ross Scholarship Fund 124 6130894630's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edith L & H Danforth Ross Scholarship Fund 124 6130894630 is a small nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $1K |
| Surplus / Deficit | +$38K |
| Total Assets | $729K |
| Total Liabilities | $1 |
| Net Assets | $729K |
| Operating Margin | 96.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6930.7 months |
Financial Health Grade: A
In 2024, Edith L & H Danforth Ross Scholarship Fund 124 6130894630 reported a surplus of $38K with revenue exceeding expenses, holds 6930.7 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 (2012–2024), Edith L & H Danforth Ross Scholarship Fund 124 6130894630's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +19.8% | -31.3% | +5.9% |
| 2023 | -33.7% | +22.6% | +4.6% |
| 2022 | +52.2% | -99.6% | +7.8% |
| 2021 | -5.1% | +32339.7% | +5.5% |
| 2020 | +39.9% | +2.1% | +20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Edith L & H Danforth Ross Scholarship Fund 124 6130894630 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: 2%
- programs: 98%
- fundraising: 0%
According to IRS 990 filings, Edith L & H Danforth Ross Scholarship Fund 124 6130894630 allocates its expenses as follows: admin: 2%, programs: 98%, fundraising: 0%. With 98% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly favorable for a scholarship fund.
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 L & H Danforth Ross Scholarship Fund 124 6130894630:
- Consistent asset growth, from $382,423 in 2012 to $729,454 in 2024.
- Extremely low administrative expenses in most years, indicating high efficiency.
- Zero officer compensation reported across all filings, demonstrating strong financial stewardship.
- Clear focus on its mission as a scholarship fund, evidenced by the large expense in 2021 likely for disbursements.
- Stable financial history with consistent revenue generation.
Frequently Asked Questions about Edith L & H Danforth Ross Scholarship Fund 124 6130894630
Is Edith L & H Danforth Ross Scholarship Fund 124 6130894630 a legitimate charity?
Edith L & H Danforth Ross Scholarship Fund 124 6130894630 (EIN: 16075602) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $113K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Edith L & H Danforth Ross Scholarship Fund 124 6130894630 spend its money?
Edith L & H Danforth Ross Scholarship Fund 124 6130894630 directs 98% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Edith L & H Danforth Ross Scholarship Fund 124 6130894630 tax-deductible?
Edith L & H Danforth Ross Scholarship Fund 124 6130894630 is registered as a tax-exempt nonprofit (EIN: 16075602). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Edith L & H Danforth Ross Scholarship Fund 124 6130894630 located?
Edith L & H Danforth Ross Scholarship Fund 124 6130894630 is headquartered in Portland, Maine and files with the IRS under EIN 16075602.
How many years of IRS 990 filings does Edith L & H Danforth Ross Scholarship Fund 124 6130894630 have?
Edith L & H Danforth Ross Scholarship Fund 124 6130894630 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 $113K in total revenue.
Is the Edith L & H Danforth Ross Scholarship Fund a good charity?
Yes, based on the available data, it appears to be a very good charity. It consistently grows its assets, maintains extremely low administrative expenses, and dedicates its resources to its stated purpose, as evidenced by the significant expense in 2021 likely representing scholarship disbursements.
How does the organization manage its expenses?
The organization manages its expenses exceptionally well, with annual expenses typically ranging from $1,158 to $3,114 in most years, excluding the 2021 period. This indicates a highly efficient operation with minimal overhead.
What caused the large expense in 2021?
While the specific details are not provided in the summary, the expense of $424,311 in 2021, significantly exceeding revenue, is highly likely to represent a substantial scholarship disbursement or a significant investment loss, which for a scholarship fund, would be a direct programmatic activity.
Filing History
IRS 990 filing history for Edith L & H Danforth Ross Scholarship Fund 124 6130894630 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Edith L & H Danforth Ross Scholarship Fund 124 6130894630's revenue has grown by 95.5%, moving from $20K to $39K. Total assets increased by 90.7% over the same period, from $382K to $729K. Total functional expenses fell by 59.4%, from $3K to $1K. In its most recent filing year (2024), Edith L & H Danforth Ross Scholarship Fund 124 6130894630 reported a surplus of $38K, with revenue exceeding expenses. The organization holds $1 in liabilities against $729K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $729K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $39K | $1K | $729K | $1 | — | — |
| 2023 | $33K | $2K | $689K | $1 | — | View 990 |
| 2022 | $49K | $2K | $658K | $1 | — | View 990 |
| 2021 | $32K | $424K | $611K | $1 | — | — |
| 2020 | $34K | $1K | $579K | $0 | — | View 990 |
| 2016 | $24K | $1K | $480K | $0 | — | View 990 |
| 2015 | $29K | $1K | $457K | $0 | — | View 990 |
| 2014 | $27K | $1K | $430K | $0 | — | View 990 |
| 2013 | $24K | $1K | $404K | $0 | — | View 990 |
| 2012 | $20K | $3K | $382K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $39K, expenses of $1K, and assets of $729K (revenue +19.8% year-over-year).
- 2023: Revenue of $33K, expenses of $2K, and assets of $689K (revenue -33.7% year-over-year).
- 2022: Revenue of $49K, expenses of $2K, and assets of $658K (revenue +52.2% year-over-year).
- 2021: Revenue of $32K, expenses of $424K, and assets of $611K (revenue -5.1% year-over-year).
- 2020: Revenue of $34K, expenses of $1K, and assets of $579K (revenue +39.9% year-over-year).
- 2016: Revenue of $24K, expenses of $1K, and assets of $480K (revenue -14.6% year-over-year).
- 2015: Revenue of $29K, expenses of $1K, and assets of $457K (revenue +7.0% year-over-year).
- 2014: Revenue of $27K, expenses of $1K, and assets of $430K (revenue +12.3% year-over-year).
- 2013: Revenue of $24K, expenses of $1K, and assets of $404K (revenue +18.7% year-over-year).
- 2012: Revenue of $20K, expenses of $3K, and assets of $382K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edith L & H Danforth Ross Scholarship Fund 124 6130894630:
Data Sources and Methodology
This transparency report for Edith L & H Danforth Ross Scholarship Fund 124 6130894630 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.