Foley Burns Mem Tr
Foley Burns Mem Tr experiences negative revenue in latest filing, maintaining stable assets with no officer compensation.
EIN: 146079449 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $11K |
| Program Spending | 90% |
| Net Assets | $178K |
| Transparency Score | 65/100 |
Is Foley Burns Mem Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foley Burns Mem Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foley Burns Mem Tr
Foley Burns Mem Tr (EIN: 146079449) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $37K and total assets of $177K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foley Burns Mem Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foley Burns Mem Tr is a micro nonprofit, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -179.5% | -4.0% | -10.0% |
| 2022 | -31.2% | -21.9% | -0.2% |
| 2021 | +34.3% | -4.7% | +1.0% |
| 2020 | +37.7% | +2.1% | -1.6% |
| 2019 | -56.3% | +5.4% | +1.0% |
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 Foley Burns Mem Tr 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Foley Burns Mem Tr 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization does not pay its officers or key employees, which is common for small trusts or volunteer-run entities.
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 Foley Burns Mem Tr's IRS 990 filings:
- Negative revenue reported in the latest filing period (202312) of $-9,008, indicating a financial loss or significant adjustment.
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) makes it difficult to fully assess spending efficiency.
- NTEE code is unknown, limiting understanding of the organization's specific charitable focus.
Strengths
The following positive indicators were identified for Foley Burns Mem Tr:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds by not paying executives.
- Stable asset base, generally ranging between $170,000 and $200,000, suggesting a foundational endowment.
- Minimal liabilities ($1 across all periods) indicates strong financial solvency and low debt.
Frequently Asked Questions about Foley Burns Mem Tr
Is Foley Burns Mem Tr a legitimate charity?
Foley Burns Mem Tr (EIN: 146079449) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $37K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Foley Burns Mem Tr spend its money?
Foley Burns Mem Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Foley Burns Mem Tr tax-deductible?
Foley Burns Mem Tr is registered as a tax-exempt nonprofit (EIN: 146079449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foley Burns Mem Tr located?
Foley Burns Mem Tr is headquartered in Manchester, New Hampshire and files with the IRS under EIN 146079449.
How many years of IRS 990 filings does Foley Burns Mem Tr have?
Foley Burns Mem 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 $37K in total revenue.
What is the specific mission or purpose of Foley Burns Mem Tr?
The provided data does not specify the NTEE code or a detailed mission statement, making it difficult to ascertain the organization's exact purpose. Further investigation into their public filings would be needed.
Why did Foley Burns Mem Tr report negative revenue in 2023?
The negative revenue of $-9,008 in 202312 could be due to investment losses, significant returns of contributions, or other financial adjustments. Without more detailed financial statements, the exact cause cannot be determined from the provided data.
How does Foley Burns Mem Tr allocate its expenses between programs and administration?
The provided data only shows total expenses. However, given the absence of officer compensation and the small scale, it's reasonable to infer a high proportion of expenses likely go towards its stated purpose (programs) and minimal administrative overhead, though specific percentages are not available.
Filing History
IRS 990 filing history for Foley Burns Mem Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Foley Burns Mem Tr's revenue has declined by 187.9%, moving from $10K to $-9,008. Total assets decreased by 10.3% over the same period, from $198K to $178K. Total functional expenses fell by 41.6%, from $19K to $11K. The organization holds $1 in liabilities against $178K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $178K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-9,008 | $11K | $178K | $1 | — | — |
| 2022 | $11K | $11K | $197K | $1 | — | — |
| 2021 | $16K | $14K | $198K | $1 | — | — |
| 2020 | $12K | $15K | $196K | $1 | — | View 990 |
| 2019 | $9K | $15K | $199K | $1 | — | View 990 |
| 2015 | $20K | $14K | $197K | $1 | — | View 990 |
| 2014 | $15K | $13K | $191K | $1 | — | View 990 |
| 2013 | $8K | $13K | $188K | $1 | — | View 990 |
| 2012 | $9K | $14K | $193K | $1 | — | View 990 |
| 2011 | $10K | $19K | $198K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-9,008, expenses of $11K, and assets of $178K (revenue -179.5% year-over-year).
- 2022: Revenue of $11K, expenses of $11K, and assets of $197K (revenue -31.2% year-over-year).
- 2021: Revenue of $16K, expenses of $14K, and assets of $198K (revenue +34.3% year-over-year).
- 2020: Revenue of $12K, expenses of $15K, and assets of $196K (revenue +37.7% year-over-year).
- 2019: Revenue of $9K, expenses of $15K, and assets of $199K (revenue -56.3% year-over-year).
- 2015: Revenue of $20K, expenses of $14K, and assets of $197K (revenue +32.4% year-over-year).
- 2014: Revenue of $15K, expenses of $13K, and assets of $191K (revenue +87.1% year-over-year).
- 2013: Revenue of $8K, expenses of $13K, and assets of $188K (revenue -8.6% year-over-year).
- 2012: Revenue of $9K, expenses of $14K, and assets of $193K (revenue -12.1% year-over-year).
- 2011: Revenue of $10K, expenses of $19K, and assets of $198K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foley Burns Mem Tr:
Data Sources and Methodology
This transparency report for Foley Burns Mem 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.