Emma M Kelly Charitable Tr
Emma M Kelly Charitable Tr consistently spends more than it earns, depleting its assets over time.
EIN: 206024181 · Laconia, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $24K |
| Program Spending | 75% |
| Net Assets | $92K |
| Transparency Score | 45/100 |
Is Emma M Kelly Charitable Tr Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Emma M Kelly Charitable Tr directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Emma M Kelly Charitable Tr
Emma M Kelly Charitable Tr (EIN: 206024181) is a nonprofit organization based in Laconia, NH. The organization reported total revenue of $3K and total assets of $85K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Emma M Kelly Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Emma M Kelly Charitable Tr is a micro nonprofit, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $24K |
| Surplus / Deficit | $-20,225 |
| Total Assets | $92K |
| Total Liabilities | $1 |
| Net Assets | $92K |
| Operating Margin | -587.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 46.5 months |
Financial Health Grade: B
In 2023, Emma M Kelly Charitable Tr reported a deficit of $20K with expenses exceeding revenue, holds 46.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.7% | -8.7% | -4.7% |
| 2022 | +116.2% | +30.7% | -16.3% |
| 2021 | -70.3% | -2.1% | -12.6% |
| 2020 | +117.9% | -7.3% | -6.5% |
| 2019 | -37.9% | +6.2% | -31.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Emma M Kelly Charitable Tr with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 75%
- fundraising: 5%
According to IRS 990 filings, Emma M Kelly Charitable Tr allocates its expenses as follows: admin: 20%, programs: 75%, fundraising: 5%. With 75% 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 $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are paid directly by the trust, which is positive for cost efficiency.
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 Emma M Kelly Charitable Tr's IRS 990 filings:
- Consistent deficit spending, with expenses far exceeding revenue (e.g., 2023 revenue $3,445 vs. expenses $23,670).
- Significant and continuous decline in assets over the past decade, from $388,387 in 2011 to $84,578 in 2023.
- Unknown NTEE code, making it difficult to understand the specific mission or program areas.
- Negative revenue reported in some years (e.g., -$86,217 in 2014, -$12,626 in 2011), which could indicate investment losses or unusual financial events.
Strengths
The following positive indicators were identified for Emma M Kelly Charitable Tr:
- 0% officer compensation reported across all filings, indicating no direct salary costs for leadership.
- Consistent filing of IRS Form 990, demonstrating compliance and transparency in reporting.
Frequently Asked Questions about Emma M Kelly Charitable Tr
Is Emma M Kelly Charitable Tr a legitimate charity?
Emma M Kelly Charitable Tr (EIN: 206024181) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $3K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Emma M Kelly Charitable Tr spend its money?
Emma M Kelly Charitable Tr directs 75% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Emma M Kelly Charitable Tr tax-deductible?
Emma M Kelly Charitable Tr is registered as a tax-exempt nonprofit (EIN: 206024181). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Emma M Kelly Charitable Tr's spending goes to programs?
Emma M Kelly Charitable Tr directs 75% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Emma M Kelly Charitable Tr located?
Emma M Kelly Charitable Tr is headquartered in Laconia, New Hampshire and files with the IRS under EIN 206024181.
How many years of IRS 990 filings does Emma M Kelly Charitable Tr have?
Emma M Kelly Charitable Tr 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 $3K in total revenue.
Is Emma M Kelly Charitable Tr a good charity?
The organization consistently spends more than its revenue, drawing down its assets from $388,387 in 2011 to $84,578 in 2023. While it reports 0% officer compensation, its long-term financial sustainability is questionable as it appears to be liquidating its principal rather than operating on income.
What is the primary purpose of Emma M Kelly Charitable Tr?
Based on the available 990 data, the NTEE code is unknown, making it difficult to ascertain its specific charitable purpose. It functions as a grant-making entity, distributing funds, but the beneficiaries or areas of focus are not detailed in the provided financial summary.
How does Emma M Kelly Charitable Tr manage its expenses relative to its income?
The trust consistently incurs expenses significantly higher than its revenue. For example, in 2023, revenue was $3,445 while expenses were $23,670. This indicates a strategy of spending down its endowment rather than operating sustainably from annual income.
Filing History
IRS 990 filing history for Emma M Kelly Charitable Tr showing financial trends over 10 years of public records:
Total assets decreased by 76.4% over the same period, from $388K to $92K. Total functional expenses fell by 34.7%, from $36K to $24K. In its most recent filing year (2023), Emma M Kelly Charitable Tr reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1 in liabilities against $92K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $92K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $24K | $92K | $1 | — | — |
| 2022 | $7K | $26K | $96K | $1 | — | — |
| 2021 | $3K | $20K | $115K | $1 | — | — |
| 2020 | $11K | $20K | $132K | $1 | — | View 990 |
| 2019 | $5K | $22K | $141K | $0 | — | View 990 |
| 2015 | $8K | $21K | $205K | $0 | — | View 990 |
| 2014 | $-86,217 | $41K | $218K | $0 | — | View 990 |
| 2013 | $18K | $33K | $345K | $0 | — | View 990 |
| 2012 | $7K | $36K | $360K | $0 | — | View 990 |
| 2011 | $-12,626 | $36K | $388K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $24K, and assets of $92K (revenue -51.7% year-over-year).
- 2022: Revenue of $7K, expenses of $26K, and assets of $96K (revenue +116.2% year-over-year).
- 2021: Revenue of $3K, expenses of $20K, and assets of $115K (revenue -70.3% year-over-year).
- 2020: Revenue of $11K, expenses of $20K, and assets of $132K (revenue +117.9% year-over-year).
- 2019: Revenue of $5K, expenses of $22K, and assets of $141K (revenue -37.9% year-over-year).
- 2015: Revenue of $8K, expenses of $21K, and assets of $205K.
- 2014: Revenue of $-86,217, expenses of $41K, and assets of $218K (revenue -583.0% year-over-year).
- 2013: Revenue of $18K, expenses of $33K, and assets of $345K (revenue +144.9% year-over-year).
- 2012: Revenue of $7K, expenses of $36K, and assets of $360K.
- 2011: Revenue of $-12,626, expenses of $36K, and assets of $388K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Emma M Kelly Charitable Tr:
Data Sources and Methodology
This transparency report for Emma M Kelly Charitable Tr 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.