Edward P Clark Trust
Edward P Clark Trust consistently spends more than its annual revenue while maintaining a stable asset base and reporting no officer compensation.
EIN: 16035550 · Brooklyn, OH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $834K |
| Program Spending | 95% |
| Net Assets | $6.7M |
| Transparency Score | 85/100 |
Is Edward P Clark Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward P Clark Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward P Clark Trust
Edward P Clark Trust (EIN: 16035550) is a nonprofit organization based in Brooklyn, OH. The organization reported total revenue of $1.5M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward P Clark Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward P Clark Trust is a mid-size nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $393K |
| Total Expenses | $834K |
| Surplus / Deficit | $-441,275 |
| Total Assets | $6.7M |
| Total Liabilities | $1 |
| Net Assets | $6.7M |
| Operating Margin | -112.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 96.0 months |
Financial Health Grade: B
In 2023, Edward P Clark Trust reported a deficit of $441K with expenses exceeding revenue, holds 96.0 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), Edward P Clark Trust's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.1% | +228.1% | -6.2% |
| 2022 | -22.7% | -20.4% | -0.7% |
| 2021 | +11.5% | -0.4% | -0.7% |
| 2020 | -5.4% | -8.3% | -1.1% |
| 2019 | -37.0% | -24.9% | +18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Edward P Clark Trust with a Mission Score of 85 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Edward P Clark Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $441K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Edward P Clark Trust reports 0% officer compensation across all available filings, indicating that its leadership (likely trustees) are not directly compensated through the trust's operational budget, which is highly efficient for a foundation 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 Edward P Clark Trust's IRS 990 filings:
- Consistent net losses (expenses exceeding revenue) in recent years, such as $834,127 in expenses against $392,852 in revenue in 2023, which could indicate a draw-down of principal if not offset by unreported investment gains.
Strengths
The following positive indicators were identified for Edward P Clark Trust:
- Zero reported officer compensation across all filings, indicating highly efficient administrative overhead.
- Stable and substantial asset base, consistently above $5 million, providing a strong financial foundation for its mission.
- Consistent IRS 990 filings demonstrate good transparency and compliance.
Frequently Asked Questions about Edward P Clark Trust
Is Edward P Clark Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Edward P Clark Trust (EIN: 16035550) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Edward P Clark Trust spend its money?
Edward P Clark Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edward P Clark Trust tax-deductible?
Edward P Clark Trust is registered as a tax-exempt nonprofit (EIN: 16035550). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Edward P Clark Trust located?
Edward P Clark Trust is headquartered in Brooklyn, Ohio and files with the IRS under EIN 16035550.
How many years of IRS 990 filings does Edward P Clark Trust have?
Edward P Clark 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 $1.5M in total revenue.
What are the specific grant-making activities or beneficiaries of the Edward P Clark Trust?
The provided IRS 990 data does not detail specific grant recipients or program activities, which is common for private foundations. Further investigation into their Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals in the United States) would be necessary.
Why do expenses consistently exceed revenue in recent years?
For a trust or private foundation, expenses exceeding revenue can indicate a strategy of distributing more than annual income, drawing down principal, or that investment gains (which might be significant for a $6M+ asset base) are not fully reflected in the 'revenue' line item as defined in the provided summary.
How does the trust manage its operations with no reported officer compensation?
It is likely managed by volunteer trustees or through professional fiduciary services (e.g., a bank trust department) whose fees would be categorized under other expenses, rather than direct officer compensation.
Filing History
IRS 990 filing history for Edward P Clark Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward P Clark Trust's revenue has declined by 11.7%, moving from $445K to $393K. Total assets increased by 20.7% over the same period, from $5.5M to $6.7M. Total functional expenses rose by 116.4%, from $385K to $834K. In its most recent filing year (2023), Edward P Clark Trust reported a deficit of $441K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $393K | $834K | $6.7M | $1 | — | View 990 |
| 2022 | $207K | $254K | $7.1M | $1 | — | View 990 |
| 2021 | $267K | $319K | $7.2M | $1 | — | — |
| 2020 | $240K | $321K | $7.2M | $1 | — | View 990 |
| 2019 | $253K | $350K | $7.3M | $1 | — | View 990 |
| 2015 | $402K | $466K | $6.2M | $0 | — | View 990 |
| 2014 | $1.1M | $464K | $6.2M | $0 | — | View 990 |
| 2013 | $675K | $426K | $5.6M | $0 | — | View 990 |
| 2012 | $208K | $400K | $5.3M | $0 | — | View 990 |
| 2011 | $445K | $385K | $5.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $393K, expenses of $834K, and assets of $6.7M (revenue +90.1% year-over-year).
- 2022: Revenue of $207K, expenses of $254K, and assets of $7.1M (revenue -22.7% year-over-year).
- 2021: Revenue of $267K, expenses of $319K, and assets of $7.2M (revenue +11.5% year-over-year).
- 2020: Revenue of $240K, expenses of $321K, and assets of $7.2M (revenue -5.4% year-over-year).
- 2019: Revenue of $253K, expenses of $350K, and assets of $7.3M (revenue -37.0% year-over-year).
- 2015: Revenue of $402K, expenses of $466K, and assets of $6.2M (revenue -64.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $464K, and assets of $6.2M (revenue +65.5% year-over-year).
- 2013: Revenue of $675K, expenses of $426K, and assets of $5.6M (revenue +223.7% year-over-year).
- 2012: Revenue of $208K, expenses of $400K, and assets of $5.3M (revenue -53.1% year-over-year).
- 2011: Revenue of $445K, expenses of $385K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward P Clark Trust:
Data Sources and Methodology
This transparency report for Edward P Clark 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.