Glenmore And May Sharp Trust
EIN: 586344359 · Mt Pleasant, SC · NTEE: T20Z
| Metric | Value |
|---|---|
| Total Revenue | $226K |
| Total Expenses | $110K |
| Net Assets | $178K |
Is Glenmore And May Sharp Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Glenmore And May Sharp Trust
Glenmore And May Sharp Trust (EIN: 586344359) is a nonprofit organization based in Mt Pleasant, SC, classified under NTEE code T20Z. The organization reported total revenue of $226K and total assets of $178K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glenmore And May Sharp Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glenmore And May Sharp Trust is a small nonprofit that has been operating for 29 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -20.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $110K |
| Surplus / Deficit | $-90,186 |
| Total Assets | $178K |
| Total Liabilities | $268 |
| Net Assets | $178K |
| Operating Margin | -453.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 19.4 months |
Financial Health Grade: B
In 2020, Glenmore And May Sharp Trust reported a deficit of $90K with expenses exceeding revenue, holds 19.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Glenmore And May Sharp Trust's revenue has declined at a compound annual growth rate (CAGR) of -20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +88.6% | -7.2% | -33.8% |
| 2019 | -61.3% | +16.7% | -57.3% |
| 2015 | -30.8% | +52.7% | -10.6% |
| 2014 | -95.1% | -19.8% | -3.7% |
| 2013 | +1530.8% | +9.2% | +24494.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Glenmore And May Sharp Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glenmore And May Sharp Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $90K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Glenmore And May Sharp Trust
Is Glenmore And May Sharp Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Glenmore And May Sharp Trust (EIN: 586344359) insufficient data. 0 red flags identified, 0 strengths noted.
How does Glenmore And May Sharp Trust spend its money?
Detailed spending breakdown data is not yet available for Glenmore And May Sharp Trust. Check back for updated IRS 990 analysis.
Are donations to Glenmore And May Sharp Trust tax-deductible?
Glenmore And May Sharp Trust is registered as a tax-exempt nonprofit (EIN: 586344359). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Glenmore And May Sharp Trust located?
Glenmore And May Sharp Trust is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 586344359. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Glenmore And May Sharp Trust have?
Glenmore And May Sharp Trust has 7 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 $226K in total revenue.
Filing History
IRS 990 filing history for Glenmore And May Sharp Trust showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Glenmore And May Sharp Trust's revenue has declined by 87.4%, moving from $158K to $20K. Total assets increased by 510% over the same period, from $29K to $178K. Total functional expenses fell by 56%, from $250K to $110K. In its most recent filing year (2020), Glenmore And May Sharp Trust reported a deficit of $90K, with expenses exceeding revenue. The organization holds $268 in liabilities against $178K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $178K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $20K | $110K | $178K | $268 | — | — |
| 2019 | $11K | $119K | $269K | $118 | — | View 990 |
| 2015 | $27K | $102K | $630K | $0 | — | View 990 |
| 2014 | $39K | $67K | $705K | $0 | — | View 990 |
| 2013 | $812K | $83K | $732K | $0 | — | View 990 |
| 2012 | $50K | $76K | $3K | $0 | — | View 990 |
| 2011 | $158K | $250K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $20K, expenses of $110K, and assets of $178K (revenue +88.6% year-over-year).
- 2019: Revenue of $11K, expenses of $119K, and assets of $269K (revenue -61.3% year-over-year).
- 2015: Revenue of $27K, expenses of $102K, and assets of $630K (revenue -30.8% year-over-year).
- 2014: Revenue of $39K, expenses of $67K, and assets of $705K (revenue -95.1% year-over-year).
- 2013: Revenue of $812K, expenses of $83K, and assets of $732K (revenue +1530.8% year-over-year).
- 2012: Revenue of $50K, expenses of $76K, and assets of $3K (revenue -68.5% year-over-year).
- 2011: Revenue of $158K, expenses of $250K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glenmore And May Sharp Trust:
Data Sources and Methodology
This transparency report for Glenmore And May Sharp 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.