James E Mcgrath Irrv Tr
James E Mcgrath Irrv Tr consistently spends more than its annual revenue, drawing down assets over the past decade.
EIN: 207105018 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $149K |
| Total Expenses | $46K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $485,159. |
| Net Assets | $473K |
| Transparency Score | 65/100 |
Is James E Mcgrath Irrv Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James E Mcgrath Irrv Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James E Mcgrath Irrv Tr
James E Mcgrath Irrv Tr (EIN: 207105018) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $149K and total assets of $485K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James E Mcgrath Irrv Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
James E Mcgrath Irrv Tr is a small nonprofit, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $46K |
| Surplus / Deficit | $-30,903 |
| Total Assets | $473K |
| Total Liabilities | $1 |
| Net Assets | $473K |
| Operating Margin | -205.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 123.7 months |
Financial Health Grade: B
In 2023, James E Mcgrath Irrv Tr reported a deficit of $31K with expenses exceeding revenue, holds 123.7 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 (2011–2023), James E Mcgrath Irrv Tr's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.5% | -4.0% | -6.2% |
| 2022 | -6.6% | -13.3% | -1.4% |
| 2021 | -10.0% | +22.8% | -2.2% |
| 2020 | +9.0% | -10.3% | +0.7% |
| 2019 | +114.9% | +88.2% | -5.9% |
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 E Mcgrath Irrv 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, James E Mcgrath Irrv Tr allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the trust, which is highly efficient for an organization of its size with assets around $485,159.
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 E Mcgrath Irrv Tr's IRS 990 filings:
- Consistent annual deficits (expenses exceeding revenue), indicating a draw-down of assets or unsustainable spending.
- Declining asset base over the past decade, from $568,223 in 2011 to $473,177 in 2023.
- Lack of clear programmatic information or mission statement in the provided data.
Strengths
The following positive indicators were identified for James E Mcgrath Irrv Tr:
- Zero officer compensation, indicating very low administrative overhead in terms of salaries.
- Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
- Stable asset base, despite the gradual decline, suggesting a well-managed endowment or trust.
Frequently Asked Questions about James E Mcgrath Irrv Tr
Is James E Mcgrath Irrv Tr a legitimate charity?
James E Mcgrath Irrv Tr (EIN: 207105018) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $149K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does James E Mcgrath Irrv Tr spend its money?
James E Mcgrath Irrv Tr directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to James E Mcgrath Irrv Tr tax-deductible?
James E Mcgrath Irrv Tr is registered as a tax-exempt nonprofit (EIN: 207105018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the James E Mcgrath Irrv Tr CEO make?
James E Mcgrath Irrv Tr's highest-compensated officer earns $485,159. annually. The organization reported $149K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of James E Mcgrath Irrv Tr's spending goes to programs?
James E Mcgrath Irrv Tr directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is James E Mcgrath Irrv Tr located?
James E Mcgrath Irrv Tr is headquartered in Bangor, Maine and files with the IRS under EIN 207105018.
How many years of IRS 990 filings does James E Mcgrath Irrv Tr have?
James E Mcgrath Irrv 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 $149K in total revenue.
What is the specific mission or purpose of the James E Mcgrath Irrv Tr?
The provided IRS 990 data does not explicitly state the mission or purpose of the trust, making it difficult to assess its programmatic impact.
Why has the trust consistently spent more than its revenue in recent years?
The trust has consistently reported expenses exceeding revenue, for example, $45,914 in expenses versus $15,011 in revenue in 2023. This suggests it may be operating as a spend-down trust, distributing principal, or experiencing investment losses that reduce its asset base.
What are the primary categories of expenses for the trust?
Without a detailed breakdown of expenses from the 990 filings, it's challenging to determine the primary categories. However, given the nature of a trust, expenses likely include investment management fees, administrative costs, and distributions/grants.
Filing History
IRS 990 filing history for James E Mcgrath Irrv Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), James E Mcgrath Irrv Tr's revenue has declined by 2.3%, moving from $15K to $15K. Total assets decreased by 16.7% over the same period, from $568K to $473K. Total functional expenses rose by 74.4%, from $26K to $46K. In its most recent filing year (2023), James E Mcgrath Irrv Tr reported a deficit of $31K, with expenses exceeding revenue. The organization holds $1 in liabilities against $473K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $473K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $46K | $473K | $1 | — | — |
| 2022 | $41K | $48K | $504K | $1 | — | — |
| 2021 | $44K | $55K | $512K | $1 | — | — |
| 2020 | $49K | $45K | $523K | $1 | — | — |
| 2019 | $45K | $50K | $519K | $0 | — | View 990 |
| 2015 | $21K | $27K | $551K | $0 | — | View 990 |
| 2014 | $28K | $29K | $557K | $0 | — | View 990 |
| 2013 | $29K | $30K | $558K | $0 | — | View 990 |
| 2012 | $29K | $38K | $559K | $0 | — | View 990 |
| 2011 | $15K | $26K | $568K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $46K, and assets of $473K (revenue -63.5% year-over-year).
- 2022: Revenue of $41K, expenses of $48K, and assets of $504K (revenue -6.6% year-over-year).
- 2021: Revenue of $44K, expenses of $55K, and assets of $512K (revenue -10.0% year-over-year).
- 2020: Revenue of $49K, expenses of $45K, and assets of $523K (revenue +9.0% year-over-year).
- 2019: Revenue of $45K, expenses of $50K, and assets of $519K (revenue +114.9% year-over-year).
- 2015: Revenue of $21K, expenses of $27K, and assets of $551K (revenue -24.5% year-over-year).
- 2014: Revenue of $28K, expenses of $29K, and assets of $557K (revenue -5.7% year-over-year).
- 2013: Revenue of $29K, expenses of $30K, and assets of $558K (revenue +0.4% year-over-year).
- 2012: Revenue of $29K, expenses of $38K, and assets of $559K (revenue +90.0% year-over-year).
- 2011: Revenue of $15K, expenses of $26K, and assets of $568K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for James E Mcgrath Irrv Tr:
Data Sources and Methodology
This transparency report for James E Mcgrath Irrv 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.