Helen R Coe Tr
Helen R Coe Tr consistently spends more than its annual revenue, drawing from a stable $2M+ asset base.
EIN: 10351827 · Fryeburg, ME · Updated: 2026-03-28
Is Helen R Coe Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Helen R Coe Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Helen R Coe Tr
Helen R Coe Tr (EIN: 10351827) is a nonprofit organization based in Fryeburg, ME. The organization reported total revenue of $657K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Helen R Coe Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Helen R Coe Tr is a small nonprofit that has been operating for 49 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $171K |
| Surplus / Deficit | $-88,135 |
| Total Assets | $2.2M |
| Total Liabilities | $1 |
| Net Assets | $2.2M |
| Operating Margin | -106.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 154.9 months |
Financial Health Grade: B
In 2024, Helen R Coe Tr reported a deficit of $88K with expenses exceeding revenue, holds 154.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Helen R Coe Tr's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +54.5% | -6.1% | -3.8% |
| 2023 | -80.4% | +11.1% | -5.3% |
| 2022 | +1322.5% | +15.8% | +4.7% |
| 2021 | -95.8% | +1.7% | -5.0% |
| 2020 | +2253.9% | +17.4% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Helen R Coe Tr with a Mission Score of 70 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, Helen R Coe Tr 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $88K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly efficient for a nonprofit of its asset size.
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 Helen R Coe Tr's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in multiple periods, such as $170,865 expenses vs. $82,730 revenue in 2024.
- NTEE code is unknown, making it difficult to ascertain the organization's specific charitable purpose.
Strengths
The following positive indicators were identified for Helen R Coe Tr:
- Stable asset base consistently over $2 million, indicating long-term financial security.
- Zero officer compensation reported across all filings, suggesting highly efficient administrative costs related to leadership.
- Minimal liabilities reported ($0 or $1 across all filings), indicating strong financial management and low debt.
Frequently Asked Questions about Helen R Coe Tr
Is Helen R Coe Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Helen R Coe Tr (EIN: 10351827) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Helen R Coe Tr spend its money?
Helen R Coe Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Helen R Coe Tr tax-deductible?
Helen R Coe Tr is registered as a tax-exempt nonprofit (EIN: 10351827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities funded by Helen R Coe Tr?
The provided data does not detail the specific program activities. Further investigation into the organization's public disclosures or mission statement would be necessary.
Why does the organization consistently report expenses exceeding revenue?
This pattern suggests the organization is likely a private foundation or trust that funds its activities from its endowment (assets) rather than relying solely on annual income. It may be distributing a portion of its principal or accumulated investment gains.
What is the NTEE code for Helen R Coe Tr?
The NTEE code for Helen R Coe Tr is currently unknown based on the provided data, which limits understanding of its specific charitable focus.
Filing History
IRS 990 filing history for Helen R Coe Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Helen R Coe Tr's revenue has declined by 47.7%, moving from $158K to $83K. Total assets increased by 9.4% over the same period, from $2.0M to $2.2M. Total functional expenses rose by 55.3%, from $110K to $171K. In its most recent filing year (2024), Helen R Coe Tr reported a deficit of $88K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $83K | $171K | $2.2M | $1 | — | — |
| 2023 | $54K | $182K | $2.3M | $1 | — | View 990 |
| 2022 | $274K | $164K | $2.4M | $1 | — | View 990 |
| 2021 | $19K | $141K | $2.3M | $1 | — | View 990 |
| 2020 | $455K | $139K | $2.4M | $0 | — | View 990 |
| 2016 | $19K | $118K | $2.0M | $0 | — | View 990 |
| 2015 | $90K | $114K | $2.1M | $0 | — | View 990 |
| 2014 | $106K | $116K | $2.1M | $0 | — | View 990 |
| 2013 | $230K | $114K | $2.1M | $0 | — | View 990 |
| 2012 | $158K | $110K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $83K, expenses of $171K, and assets of $2.2M (revenue +54.5% year-over-year).
- 2023: Revenue of $54K, expenses of $182K, and assets of $2.3M (revenue -80.4% year-over-year).
- 2022: Revenue of $274K, expenses of $164K, and assets of $2.4M (revenue +1322.5% year-over-year).
- 2021: Revenue of $19K, expenses of $141K, and assets of $2.3M (revenue -95.8% year-over-year).
- 2020: Revenue of $455K, expenses of $139K, and assets of $2.4M (revenue +2253.9% year-over-year).
- 2016: Revenue of $19K, expenses of $118K, and assets of $2.0M (revenue -78.5% year-over-year).
- 2015: Revenue of $90K, expenses of $114K, and assets of $2.1M (revenue -15.0% year-over-year).
- 2014: Revenue of $106K, expenses of $116K, and assets of $2.1M (revenue -54.0% year-over-year).
- 2013: Revenue of $230K, expenses of $114K, and assets of $2.1M (revenue +45.5% year-over-year).
- 2012: Revenue of $158K, expenses of $110K, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Helen R Coe 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.