James R Watts Trust
James R Watts Trust faces declining assets and consistent net losses over the past decade.
EIN: 201585269 · Paducah, KY · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32K |
| Total Expenses | $17K |
| Program Spending | 80% |
| Net Assets | $163K |
| Transparency Score | 45/100 |
Is James R Watts Trust Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James R Watts Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About James R Watts Trust
James R Watts Trust (EIN: 201585269) is a nonprofit organization based in Paducah, KY, classified under NTEE code B82. The organization reported total revenue of $32K and total assets of $158K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James R Watts Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
James R Watts Trust is a micro nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -102.2% | -26.2% | -9.3% |
| 2021 | +9.6% | +48.7% | +2.0% |
| 2020 | -59.7% | +30.9% | -5.8% |
| 2019 | +206.2% | +323.5% | -14.4% |
| 2015 | +11.8% | -85.7% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 R Watts Trust with a Mission Score of 45 out of 100 (Fair). 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, James R Watts 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 (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The James R Watts Trust reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives. This suggests a volunteer-led or minimally staffed operation, which is common for small trusts and can contribute to lower administrative overhead.
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 R Watts Trust's IRS 990 filings:
- Consistent decline in assets over the past decade, from $269,799 in 2011 to $162,720 in 2022.
- Expenses consistently exceed revenue in most reported periods, indicating financial unsustainability.
- Negative revenue reported in 2022 ($-94), which is highly unusual and concerning.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for James R Watts Trust:
- Reports 0% officer compensation across all filings, indicating no executive salaries are paid.
- Consistent filing of IRS Form 990s, demonstrating compliance with reporting requirements.
Frequently Asked Questions about James R Watts Trust
Is James R Watts Trust a legitimate charity?
James R Watts Trust (EIN: 201585269) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 45/100. It has 9 years of IRS 990 filings on record. Total revenue: $32K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does James R Watts Trust spend its money?
James R Watts Trust directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to James R Watts Trust tax-deductible?
James R Watts Trust is registered as a tax-exempt nonprofit (EIN: 201585269). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does James R Watts Trust compare to similar nonprofits?
With a transparency score of 45/100 (Fair), James R Watts Trust is near average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is James R Watts Trust located?
James R Watts Trust is headquartered in Paducah, Kentucky and files with the IRS under EIN 201585269. It is classified under NTEE code B82.
How many years of IRS 990 filings does James R Watts Trust have?
James R Watts Trust has 9 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 $32K in total revenue.
Why have the assets of the James R Watts Trust declined from $269,799 in 2011 to $162,720 in 2022?
The consistent decline in assets is primarily due to expenses frequently exceeding revenue. For example, in 2022, expenses were $16,565 while revenue was $-94, leading to a significant net loss that drew down assets.
What is the nature of the $1 liability consistently reported by the organization?
The consistent reporting of $1 in liabilities across multiple years (e.g., 2022, 2021, 2020) is unusual and typically indicates a nominal placeholder or a specific, very small, recurring obligation. Further investigation into the full IRS Form 990 would be needed to understand its exact nature.
How does the James R Watts Trust generate its revenue, given the fluctuating and sometimes negative figures?
The revenue figures are low and inconsistent, including a negative revenue of $-94 in 2022. As a private grantmaking foundation (NTEE B82), its revenue likely comes from investment income on its assets, which appears to be insufficient to cover expenses in most years.
Filing History
IRS 990 filing history for James R Watts Trust showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), James R Watts Trust's revenue has declined by 110.4%, moving from $903 to $-94. Total assets decreased by 39.7% over the same period, from $270K to $163K. Total functional expenses fell by 20.3%, from $21K to $17K. The organization holds $1 in liabilities against $163K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $163K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $-94 | $17K | $163K | $1 | — | — |
| 2021 | $4K | $22K | $179K | $1 | — | View 990 |
| 2020 | $4K | $15K | $176K | $1 | — | — |
| 2019 | $10K | $12K | $187K | $1 | — | View 990 |
| 2015 | $3K | $3K | $218K | $0 | — | View 990 |
| 2014 | $3K | $19K | $217K | $1 | — | View 990 |
| 2013 | $443 | $19K | $234K | $1 | — | View 990 |
| 2012 | $2K | $19K | $253K | $0 | — | View 990 |
| 2011 | $903 | $21K | $270K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $-94, expenses of $17K, and assets of $163K (revenue -102.2% year-over-year).
- 2021: Revenue of $4K, expenses of $22K, and assets of $179K (revenue +9.6% year-over-year).
- 2020: Revenue of $4K, expenses of $15K, and assets of $176K (revenue -59.7% year-over-year).
- 2019: Revenue of $10K, expenses of $12K, and assets of $187K (revenue +206.2% year-over-year).
- 2015: Revenue of $3K, expenses of $3K, and assets of $218K (revenue +11.8% year-over-year).
- 2014: Revenue of $3K, expenses of $19K, and assets of $217K (revenue +543.8% year-over-year).
- 2013: Revenue of $443, expenses of $19K, and assets of $234K (revenue -76.8% year-over-year).
- 2012: Revenue of $2K, expenses of $19K, and assets of $253K (revenue +111.8% year-over-year).
- 2011: Revenue of $903, expenses of $21K, and assets of $270K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for James R Watts Trust:
Data Sources and Methodology
This transparency report for James R Watts 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.