Elizabeth Bishop Perkins Trust
Elizabeth Bishop Perkins Trust consistently spends more than it earns, drawing down assets while paying no officer compensation.
EIN: 16008022 · York Harbor, ME · Updated: 2026-03-28
Is Elizabeth Bishop Perkins Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elizabeth Bishop Perkins Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elizabeth Bishop Perkins Trust
Elizabeth Bishop Perkins Trust (EIN: 16008022) is a nonprofit organization based in York Harbor, ME. The organization reported total revenue of $239K and total assets of $961K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elizabeth Bishop Perkins 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 Elizabeth Bishop Perkins 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Elizabeth Bishop Perkins 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 is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization of its asset size ($960,943).
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 Elizabeth Bishop Perkins Trust's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years, indicating asset depletion.
- Lack of specific program details or NTEE code makes it difficult to assess the exact nature and impact of its spending.
Strengths
The following positive indicators were identified for Elizabeth Bishop Perkins Trust:
- Zero officer compensation across all reported periods, indicating high efficiency in directing funds to mission.
- Consistent IRS 990 filing history, demonstrating transparency.
- Maintains a substantial asset base ($960,943) to support its mission.
- Low liabilities ($1 in most recent filings), indicating strong financial management.
Frequently Asked Questions about Elizabeth Bishop Perkins Trust
Is Elizabeth Bishop Perkins Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Elizabeth Bishop Perkins Trust (EIN: 16008022) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Elizabeth Bishop Perkins Trust spend its money?
Elizabeth Bishop Perkins Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elizabeth Bishop Perkins Trust tax-deductible?
Elizabeth Bishop Perkins Trust is registered as a tax-exempt nonprofit (EIN: 16008022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Elizabeth Bishop Perkins Trust a good charity?
Based on the available financial data, the Trust demonstrates strong financial stewardship by not paying officer compensation and consistently distributing funds (as evidenced by expenses often exceeding revenue). Its mission effectiveness would depend on the impact of its grants, which is not detailed in the provided financial summaries.
Why does the Trust consistently spend more than its revenue?
The consistent pattern of expenses exceeding revenue (e.g., $114,369 expenses vs. $85,091 revenue in 2024) suggests that the Elizabeth Bishop Perkins Trust operates as a grant-making foundation, distributing funds from its endowment or asset base rather than relying solely on annual revenue generation for its activities.
What is the trend in the Trust's assets?
The Trust's assets have shown a gradual decline over the past decade, from $1,307,799 in 2015 to $960,943 currently, reflecting the consistent spending exceeding revenue and distribution of funds from its principal.
Filing History
IRS 990 filing history for Elizabeth Bishop Perkins Trust showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Elizabeth Bishop Perkins Trust's revenue has grown by 51.7%, moving from $56K to $85K. Total assets decreased by 17.3% over the same period, from $1.2M to $987K. Total functional expenses rose by 24.8%, from $92K to $114K. In its most recent filing year (2024), Elizabeth Bishop Perkins Trust reported a deficit of $29K, with expenses exceeding revenue. The organization holds $1 in liabilities against $987K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $987K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $85K | $114K | $987K | $1 | — | — |
| 2023 | $40K | $127K | $1.0M | $1 | — | View 990 |
| 2022 | $77K | $91K | $1.0M | $1 | — | View 990 |
| 2021 | $71K | $80K | $1.0M | $1 | — | — |
| 2020 | $45K | $87K | $1.1M | $1 | — | — |
| 2019 | $18K | $73K | $1.1M | $1 | — | View 990 |
| 2016 | $-39,647 | $75K | $1.2M | $1 | — | View 990 |
| 2015 | $154K | $81K | $1.3M | $1 | — | View 990 |
| 2014 | $58K | $86K | $1.2M | $1 | — | View 990 |
| 2013 | $145K | $78K | $1.3M | $0 | — | View 990 |
| 2012 | $56K | $92K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $85K, expenses of $114K, and assets of $987K (revenue +114.8% year-over-year).
- 2023: Revenue of $40K, expenses of $127K, and assets of $1.0M (revenue -48.6% year-over-year).
- 2022: Revenue of $77K, expenses of $91K, and assets of $1.0M (revenue +8.1% year-over-year).
- 2021: Revenue of $71K, expenses of $80K, and assets of $1.0M (revenue +58.3% year-over-year).
- 2020: Revenue of $45K, expenses of $87K, and assets of $1.1M (revenue +154.0% year-over-year).
- 2019: Revenue of $18K, expenses of $73K, and assets of $1.1M.
- 2016: Revenue of $-39,647, expenses of $75K, and assets of $1.2M (revenue -125.8% year-over-year).
- 2015: Revenue of $154K, expenses of $81K, and assets of $1.3M (revenue +164.1% year-over-year).
- 2014: Revenue of $58K, expenses of $86K, and assets of $1.2M (revenue -59.8% year-over-year).
- 2013: Revenue of $145K, expenses of $78K, and assets of $1.3M (revenue +157.7% year-over-year).
- 2012: Revenue of $56K, expenses of $92K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Elizabeth Bishop Perkins 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.