George Griffith Memorial Trust
George Griffith Memorial Trust maintains minimal assets and consistent small deficits.
EIN: 166061580 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $193 |
| Total Expenses | $203 |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3,000. |
| Net Assets | $3K |
| Transparency Score | 60/100 |
Is George Griffith Memorial Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George Griffith Memorial Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George Griffith Memorial Trust
George Griffith Memorial Trust (EIN: 166061580) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $193 and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George Griffith Memorial Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George Griffith Memorial Trust 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 -10.7%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $96 |
| Total Expenses | $203 |
| Surplus / Deficit | $-107 |
| Total Assets | $3K |
| Total Liabilities | $1 |
| Net Assets | $3K |
| Operating Margin | -111.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 175.0 months |
Financial Health Grade: B
In 2019, George Griffith Memorial Trust reported a deficit of $107 with expenses exceeding revenue, holds 175.0 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), George Griffith Memorial Trust's revenue has declined at a compound annual growth rate (CAGR) of -10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +10.3% | -2.4% | -21.9% |
| 2015 | -54.7% | +0.5% | -3.0% |
| 2014 | +10.3% | +0.0% | -0.3% |
| 2013 | -46.5% | +0.0% | -0.8% |
| 2012 | +36.6% | +21.8% | +2.9% |
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 George Griffith Memorial Trust with a Mission Score of 60 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: 80%
- fundraising: 0%
According to IRS 990 filings, George Griffith Memorial Trust allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $107, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all filings, indicating that the organization operates without paid executives, which is appropriate given its extremely small size and asset base of under $3,000.
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 George Griffith Memorial Trust's IRS 990 filings:
- Consistent annual deficits (expenses exceeding revenue)
- Declining asset base over time (from $3,838 in 2011 to $2,961 in 2019)
- Lack of detailed program information in financial filings
Strengths
The following positive indicators were identified for George Griffith Memorial Trust:
- No executive compensation, indicating efficient use of limited funds for overhead
- Very low liabilities ($0 or $1 across all filings)
- Consistent filing of IRS Form 990, demonstrating transparency
Frequently Asked Questions about George Griffith Memorial Trust
Is George Griffith Memorial Trust a legitimate charity?
George Griffith Memorial Trust (EIN: 166061580) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 60/100. It has 6 years of IRS 990 filings on record. Total revenue: $193. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does George Griffith Memorial Trust spend its money?
George Griffith Memorial Trust directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to George Griffith Memorial Trust tax-deductible?
George Griffith Memorial Trust is registered as a tax-exempt nonprofit (EIN: 166061580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the George Griffith Memorial Trust CEO make?
George Griffith Memorial Trust's highest-compensated officer earns $3,000. annually. The organization reported $193 in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is George Griffith Memorial Trust located?
George Griffith Memorial Trust is headquartered in Providence, Rhode Island and files with the IRS under EIN 166061580.
How many years of IRS 990 filings does George Griffith Memorial Trust have?
George Griffith Memorial Trust 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 $193 in total revenue.
What is the specific charitable purpose of the George Griffith Memorial Trust?
The provided data does not specify the exact charitable purpose or programs of the George Griffith Memorial Trust. Its NTEE code is unknown, and the financial figures suggest a very limited operational scope, possibly involving small grants or maintenance of a memorial.
How does the organization cover its expenses when revenue is consistently lower?
The organization covers its expenses by drawing down its small asset base. For example, in 2019, revenue was $96 while expenses were $203, resulting in a net loss that reduced its assets from a previous balance (not explicitly shown for 2018, but assets declined from $3,791 in 2015 to $2,961 in 2019).
Is the George Griffith Memorial Trust financially sustainable long-term?
Given its consistent annual deficits (expenses exceeding revenue) and declining asset base, the current operational model is not sustainable for growth. However, for a memorial trust with a very small asset base and minimal expenses, it might be sustainable for a limited period or if its purpose is to eventually deplete its assets.
Filing History
IRS 990 filing history for George Griffith Memorial Trust showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), George Griffith Memorial Trust's revenue has declined by 59.7%, moving from $238 to $96. Total assets decreased by 22.9% over the same period, from $4K to $3K. Total functional expenses rose by 19.4%, from $170 to $203. In its most recent filing year (2019), George Griffith Memorial Trust reported a deficit of $107, 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 | $96 | $203 | $3K | $1 | — | View 990 |
| 2015 | $87 | $208 | $4K | $1 | — | View 990 |
| 2014 | $192 | $207 | $4K | $1 | — | View 990 |
| 2013 | $174 | $207 | $4K | $0 | — | View 990 |
| 2012 | $325 | $207 | $4K | $0 | — | View 990 |
| 2011 | $238 | $170 | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $96, expenses of $203, and assets of $3K (revenue +10.3% year-over-year).
- 2015: Revenue of $87, expenses of $208, and assets of $4K (revenue -54.7% year-over-year).
- 2014: Revenue of $192, expenses of $207, and assets of $4K (revenue +10.3% year-over-year).
- 2013: Revenue of $174, expenses of $207, and assets of $4K (revenue -46.5% year-over-year).
- 2012: Revenue of $325, expenses of $207, and assets of $4K (revenue +36.6% year-over-year).
- 2011: Revenue of $238, expenses of $170, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George Griffith Memorial Trust:
Data Sources and Methodology
This transparency report for George Griffith Memorial 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.