John S & Helen E Carver Fund
John S & Helen E Carver Fund maintains stable assets and zero officer compensation, directing funds to programs.
EIN: 16044693 · Portland, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $683K |
| Total Expenses | $152K |
| Program Spending | 95% |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Is John S & Helen E Carver Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
John S & Helen E Carver Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About John S & Helen E Carver Fund
John S & Helen E Carver Fund (EIN: 16044693) is a nonprofit organization based in Portland, ME, classified under NTEE code T22. The organization reported total revenue of $683K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of John S & Helen E Carver Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
John S & Helen E Carver Fund is a small nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $152K |
| Surplus / Deficit | $-44,907 |
| Total Assets | $1.8M |
| Total Liabilities | $1 |
| Net Assets | $1.8M |
| Operating Margin | -42.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 138.7 months |
Financial Health Grade: B
In 2024, John S & Helen E Carver Fund reported a deficit of $45K with expenses exceeding revenue, holds 138.7 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 (2012–2024), John S & Helen E Carver Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -68.4% | -5.4% | -2.0% |
| 2023 | +222.3% | +16.0% | +11.0% |
| 2022 | +19.2% | +12.7% | -2.1% |
| 2021 | +14.6% | +5.3% | -2.1% |
| 2020 | +81.9% | +4.7% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 John S & Helen E Carver Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, John S & Helen E Carver Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $45K, 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 salaries are paid to its officers, which is highly efficient for a nonprofit of its 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.
Strengths
The following positive indicators were identified for John S & Helen E Carver Fund:
- Consistent 0% officer compensation, indicating high efficiency.
- Stable asset base over the past decade, demonstrating financial resilience.
- Extremely low liabilities ($1 in recent years), reflecting strong financial health.
- High percentage of expenses likely directed towards program services due to minimal overhead.
Frequently Asked Questions about John S & Helen E Carver Fund
Is John S & Helen E Carver Fund a legitimate charity?
John S & Helen E Carver Fund (EIN: 16044693) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $683K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does John S & Helen E Carver Fund spend its money?
John S & Helen E Carver Fund directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to John S & Helen E Carver Fund tax-deductible?
John S & Helen E Carver Fund is registered as a tax-exempt nonprofit (EIN: 16044693). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does John S & Helen E Carver Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), John S & Helen E Carver Fund is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is John S & Helen E Carver Fund located?
John S & Helen E Carver Fund is headquartered in Portland, Maine and files with the IRS under EIN 16044693. It is classified under NTEE code T22.
How many years of IRS 990 filings does John S & Helen E Carver Fund have?
John S & Helen E Carver Fund 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 $683K in total revenue.
Is the John S & Helen E Carver Fund a good charity?
Based on the provided data, the John S & Helen E Carver Fund appears to be a very good charity, particularly due to its consistent asset base, extremely low administrative overhead (evidenced by 0% officer compensation), and clear focus on program spending.
How does the organization manage its assets?
The organization has maintained a stable asset base, generally between $1.6 million and $1.7 million over the last decade, suggesting prudent financial management and investment strategies for a private foundation.
What is the trend in the organization's revenue?
Revenue for the John S & Helen E Carver Fund has fluctuated significantly year-to-year, from a low of $42,092 in 2016 to a high of $337,225 in 2023, which is typical for foundations whose income may depend on investment performance or specific contributions.
Filing History
IRS 990 filing history for John S & Helen E Carver Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), John S & Helen E Carver Fund's revenue has grown by 29.1%, moving from $83K to $107K. Total assets increased by 7.2% over the same period, from $1.6M to $1.8M. Total functional expenses rose by 61.7%, from $94K to $152K. In its most recent filing year (2024), John S & Helen E Carver Fund reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $107K | $152K | $1.8M | $1 | — | — |
| 2023 | $337K | $160K | $1.8M | $1 | — | View 990 |
| 2022 | $105K | $138K | $1.6M | $1 | — | View 990 |
| 2021 | $88K | $123K | $1.6M | $1 | — | — |
| 2020 | $77K | $116K | $1.7M | $1 | — | — |
| 2016 | $42K | $111K | $1.7M | $0 | — | View 990 |
| 2015 | $275K | $104K | $1.8M | $0 | — | View 990 |
| 2014 | $74K | $98K | $1.6M | $0 | — | View 990 |
| 2013 | $82K | $92K | $1.6M | $0 | — | View 990 |
| 2012 | $83K | $94K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $107K, expenses of $152K, and assets of $1.8M (revenue -68.4% year-over-year).
- 2023: Revenue of $337K, expenses of $160K, and assets of $1.8M (revenue +222.3% year-over-year).
- 2022: Revenue of $105K, expenses of $138K, and assets of $1.6M (revenue +19.2% year-over-year).
- 2021: Revenue of $88K, expenses of $123K, and assets of $1.6M (revenue +14.6% year-over-year).
- 2020: Revenue of $77K, expenses of $116K, and assets of $1.7M (revenue +81.9% year-over-year).
- 2016: Revenue of $42K, expenses of $111K, and assets of $1.7M (revenue -84.7% year-over-year).
- 2015: Revenue of $275K, expenses of $104K, and assets of $1.8M (revenue +271.9% year-over-year).
- 2014: Revenue of $74K, expenses of $98K, and assets of $1.6M (revenue -10.0% year-over-year).
- 2013: Revenue of $82K, expenses of $92K, and assets of $1.6M (revenue -0.7% year-over-year).
- 2012: Revenue of $83K, expenses of $94K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for John S & Helen E Carver Fund:
Data Sources and Methodology
This transparency report for John S & Helen E Carver Fund 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.