Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund
Small trust consistently spends more than it earns, with declining assets.
EIN: 166172154 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $250 |
| Total Expenses | $258 |
| Program Spending | 70% |
| Net Assets | $3K |
| Transparency Score | 65/100 |
Is Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund
Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund (EIN: 166172154) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $250 and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund is a micro nonprofit that has been operating for 37 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -11.1%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $108 |
| Total Expenses | $258 |
| Surplus / Deficit | $-150 |
| Total Assets | $3K |
| Total Liabilities | $1 |
| Net Assets | $3K |
| Operating Margin | -138.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 155.4 months |
Financial Health Grade: B
In 2019, Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund reported a deficit of $150 with expenses exceeding revenue, holds 155.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +8.0% | -9.5% | -23.7% |
| 2015 | -55.2% | +0.0% | -4.0% |
| 2014 | +10.4% | -1.0% | -1.3% |
| 2013 | -47.9% | +1.8% | -1.8% |
| 2012 | +40.6% | -0.7% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund with a Mission Score of 65 out of 100 (Good). 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: 70%
- fundraising: 10%
According to IRS 990 filings, Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $150, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% of expenses across all available filings, indicating that no salaries are paid to executives, which is appropriate for an organization of this size and financial activity.
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 Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund's IRS 990 filings:
- Consistent annual net losses (expenses exceeding revenue)
- Gradual decline in total assets over time
Strengths
The following positive indicators were identified for Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund:
- Zero officer compensation reported
- Low liabilities
- Consistent filing of IRS 990 forms
Frequently Asked Questions about Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund
Is Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund a legitimate charity?
Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund (EIN: 166172154) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 65/100. It has 6 years of IRS 990 filings on record. Total revenue: $250. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund spend its money?
Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund tax-deductible?
Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund is registered as a tax-exempt nonprofit (EIN: 166172154). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund's spending goes to programs?
Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund located?
Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 166172154.
How many years of IRS 990 filings does Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund have?
Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund has 6 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 $250 in total revenue.
What is the primary purpose of the 'A G Ionata Mem Schl Fund'?
The filings do not provide specific details on the programmatic activities or the exact nature of the 'A G Ionata Mem Schl Fund' beyond its name, making it difficult to assess its direct impact.
Why do expenses consistently exceed revenue?
The organization consistently reports expenses higher than its revenue, for example, $258 in expenses against $108 in revenue in 2019, suggesting it is drawing down its principal or relying on prior year surpluses to cover operational costs.
Is the decline in assets a concern?
Assets have declined from $4,602 in 2011 to $3,341 in 2019. While this is a downward trend, given the small scale of the organization and its consistent net losses, the decline is expected and not immediately alarming for its continued existence, though it limits future capacity.
Filing History
IRS 990 filing history for Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund's revenue has declined by 60.9%, moving from $276 to $108. Total assets decreased by 27.4% over the same period, from $5K to $3K. Total functional expenses fell by 9.5%, from $285 to $258. In its most recent filing year (2019), Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund reported a deficit of $150, with expenses exceeding revenue. The organization holds $1 in liabilities against $3K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $108 | $258 | $3K | $1 | — | View 990 |
| 2015 | $100 | $285 | $4K | $1 | — | View 990 |
| 2014 | $223 | $285 | $5K | $1 | — | View 990 |
| 2013 | $202 | $288 | $5K | $0 | — | View 990 |
| 2012 | $388 | $283 | $5K | $0 | — | View 990 |
| 2011 | $276 | $285 | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $108, expenses of $258, and assets of $3K (revenue +8.0% year-over-year).
- 2015: Revenue of $100, expenses of $285, and assets of $4K (revenue -55.2% year-over-year).
- 2014: Revenue of $223, expenses of $285, and assets of $5K (revenue +10.4% year-over-year).
- 2013: Revenue of $202, expenses of $288, and assets of $5K (revenue -47.9% year-over-year).
- 2012: Revenue of $388, expenses of $283, and assets of $5K (revenue +40.6% year-over-year).
- 2011: Revenue of $276, expenses of $285, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund:
Data Sources and Methodology
This transparency report for Eugene Ionata Tr Ua 102473 Fbo A G Ionata Mem Schl Fund 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.