James A Myers Charitable Memorial Tr
James A Myers Charitable Memorial Tr consistently spends more than its revenue, drawing down assets.
EIN: 206121896 · Muncie, IN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $759K |
| Total Expenses | $62K |
| Program Spending | 90% |
| Net Assets | $695K |
| Transparency Score | 75/100 |
Is James A Myers Charitable Memorial Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James A Myers Charitable Memorial Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James A Myers Charitable Memorial Tr
James A Myers Charitable Memorial Tr (EIN: 206121896) is a nonprofit organization based in Muncie, IN. The organization reported total revenue of $759K and total assets of $986K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James A Myers Charitable Memorial Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
James A Myers Charitable Memorial Tr is a small nonprofit, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -15.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $62K |
| Surplus / Deficit | $-34,152 |
| Total Assets | $695K |
| Total Liabilities | $1 |
| Net Assets | $695K |
| Operating Margin | -121.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 134.0 months |
Financial Health Grade: B
In 2023, James A Myers Charitable Memorial Tr reported a deficit of $34K with expenses exceeding revenue, holds 134.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), James A Myers Charitable Memorial Tr's revenue has declined at a compound annual growth rate (CAGR) of -15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | -3.4% | -4.7% |
| 2022 | -48.8% | -12.2% | -4.5% |
| 2021 | +93.2% | +181.3% | -1.9% |
| 2020 | -44.6% | -54.9% | +0.6% |
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 James A Myers Charitable Memorial Tr with a Mission Score of 75 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, James A Myers Charitable Memorial 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:
- The organization reported a deficit of $34K, 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 no executive salaries are paid, which is highly efficient for a charitable trust of this 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 James A Myers Charitable Memorial Tr's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, drawing down assets.
- Unknown NTEE code, making it difficult to assess programmatic focus and benchmark performance.
- Declining asset base from $778,998 in 202012 to $695,461 in 202312 due to spending exceeding revenue.
Strengths
The following positive indicators were identified for James A Myers Charitable Memorial Tr:
- Zero officer compensation, indicating highly efficient use of funds for administrative overhead.
- Consistent asset base, suggesting a stable endowment or trust structure.
- Low liabilities ($1 across all filings), indicating strong financial management regarding debt.
Frequently Asked Questions about James A Myers Charitable Memorial Tr
Is James A Myers Charitable Memorial Tr a legitimate charity?
James A Myers Charitable Memorial Tr (EIN: 206121896) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 5 years of IRS 990 filings on record. Total revenue: $759K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does James A Myers Charitable Memorial Tr spend its money?
James A Myers Charitable Memorial Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to James A Myers Charitable Memorial Tr tax-deductible?
James A Myers Charitable Memorial Tr is registered as a tax-exempt nonprofit (EIN: 206121896). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is James A Myers Charitable Memorial Tr located?
James A Myers Charitable Memorial Tr is headquartered in Muncie, Indiana and files with the IRS under EIN 206121896.
How many years of IRS 990 filings does James A Myers Charitable Memorial Tr have?
James A Myers Charitable Memorial Tr has 5 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 $759K in total revenue.
What is the specific mission or program focus of the James A Myers Charitable Memorial Tr?
Based on the available IRS 990 data, the specific mission or program focus is not detailed, as the NTEE code is unknown and program service accomplishments are not provided in this summary. Further investigation into their public filings would be needed.
How does the organization cover its expenses when revenue is consistently lower?
The organization covers its expenses by drawing down on its existing assets. For example, in 202312, revenue was $28,127 while expenses were $62,279, resulting in a deficit covered by its asset base, which decreased from $729,683 to $695,461.
What is the long-term plan for financial sustainability given the consistent operating deficits?
The provided data shows a trend of expenses exceeding revenue in recent years. Without additional information, it's unclear what the organization's long-term strategy is to address these operating deficits and maintain its asset base.
Filing History
IRS 990 filing history for James A Myers Charitable Memorial Tr showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), James A Myers Charitable Memorial Tr's revenue has declined by 48.8%, moving from $55K to $28K. Total assets decreased by 10.2% over the same period, from $775K to $695K. Total functional expenses rose by 7.6%, from $58K to $62K. In its most recent filing year (2023), James A Myers Charitable Memorial Tr reported a deficit of $34K, with expenses exceeding revenue. The organization holds $1 in liabilities against $695K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $695K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28K | $62K | $695K | $1 | — | View 990 |
| 2022 | $30K | $64K | $730K | $1 | — | View 990 |
| 2021 | $59K | $73K | $764K | $1 | — | View 990 |
| 2020 | $30K | $26K | $779K | $1 | — | View 990 |
| 2019 | $55K | $58K | $775K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28K, expenses of $62K, and assets of $695K (revenue -6.6% year-over-year).
- 2022: Revenue of $30K, expenses of $64K, and assets of $730K (revenue -48.8% year-over-year).
- 2021: Revenue of $59K, expenses of $73K, and assets of $764K (revenue +93.2% year-over-year).
- 2020: Revenue of $30K, expenses of $26K, and assets of $779K (revenue -44.6% year-over-year).
- 2019: Revenue of $55K, expenses of $58K, and assets of $775K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for James A Myers Charitable Memorial Tr:
Data Sources and Methodology
This transparency report for James A Myers Charitable Memorial 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.