Kevin T Mchugh Memorial Scholarship Fund Inc
Kevin T Mchugh Memorial Scholarship Fund Inc maintains strong financial health with volunteer leadership and no liabilities.
EIN: 20485762 · Manchester, NH · NTEE: B83 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $386K |
| Total Expenses | $26K |
| Program Spending | 90% |
| Net Assets | $233K |
| Transparency Score | 85/100 |
Is Kevin T Mchugh Memorial Scholarship Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kevin T Mchugh Memorial Scholarship Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kevin T Mchugh Memorial Scholarship Fund Inc
Kevin T Mchugh Memorial Scholarship Fund Inc (EIN: 20485762) is a nonprofit organization based in Manchester, NH, classified under NTEE code B83. The organization reported total revenue of $386K and total assets of $123K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kevin T Mchugh Memorial Scholarship Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kevin T Mchugh Memorial Scholarship Fund Inc is a small nonprofit that has been operating for 30 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -13.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $26K |
| Surplus / Deficit | $-16,720 |
| Total Assets | $233K |
| Net Assets | $233K |
| Operating Margin | -178.7% |
| Months of Reserves | 107.2 months |
Financial Health Grade: B
In 2018, Kevin T Mchugh Memorial Scholarship Fund Inc reported a deficit of $17K with expenses exceeding revenue, holds 107.2 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2018), Kevin T Mchugh Memorial Scholarship Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -45.9% | +158.8% | -13.6% |
| 2017 | -1.5% | -4.7% | +12.8% |
| 2016 | -54.5% | +23.4% | +9.2% |
| 2015 | +78.3% | -30.3% | -0.1% |
| 2014 | +18.9% | +1.4% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Kevin T Mchugh Memorial Scholarship Fund Inc with a Mission Score of 85 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: 90%
- fundraising: 5%
According to IRS 990 filings, Kevin T Mchugh Memorial Scholarship Fund Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization 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 Kevin T Mchugh Memorial Scholarship Fund Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- No reported liabilities across all filing periods, demonstrating strong financial stability.
- Steady growth in assets over its operational history (from $169,932 in 2011 to $269,602 in 2017, prior to recent disbursements).
- Strong program focus, as implied by its NTEE code and the likely reason for asset decrease (scholarship disbursements).
- Significant increase in latest revenue ($385,739), indicating growing donor support.
Frequently Asked Questions about Kevin T Mchugh Memorial Scholarship Fund Inc
Is Kevin T Mchugh Memorial Scholarship Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kevin T Mchugh Memorial Scholarship Fund Inc (EIN: 20485762) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Kevin T Mchugh Memorial Scholarship Fund Inc spend its money?
Kevin T Mchugh Memorial Scholarship Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kevin T Mchugh Memorial Scholarship Fund Inc tax-deductible?
Kevin T Mchugh Memorial Scholarship Fund Inc is registered as a tax-exempt nonprofit (EIN: 20485762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kevin T Mchugh Memorial Scholarship Fund Inc's spending goes to programs?
Kevin T Mchugh Memorial Scholarship Fund Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kevin T Mchugh Memorial Scholarship Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kevin T Mchugh Memorial Scholarship Fund Inc is above average for NTEE category B83 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kevin T Mchugh Memorial Scholarship Fund Inc located?
Kevin T Mchugh Memorial Scholarship Fund Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20485762. It is classified under NTEE code B83.
How many years of IRS 990 filings does Kevin T Mchugh Memorial Scholarship Fund Inc have?
Kevin T Mchugh Memorial Scholarship Fund Inc has 8 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 $386K in total revenue.
Is Kevin T Mchugh Memorial Scholarship Fund Inc a good charity?
Based on the available data, the Kevin T Mchugh Memorial Scholarship Fund Inc appears to be a good charity. It demonstrates strong financial health with no liabilities, volunteer leadership (0% officer compensation), and a consistent focus on its mission as evidenced by its NTEE code (B83 - Scholarship & Student Financial Aid). The significant increase in latest revenue suggests growing support, which is positive.
What caused the large increase in revenue in the latest period?
The latest revenue of $385,739 is a substantial increase compared to previous years, which typically ranged from $9,355 to $38,567. This could be due to a major fundraising campaign, a significant one-time donation, or a large endowment contribution. Further investigation into the specific filing for the latest period would be needed to determine the exact source.
Why did the assets decrease from $269,602 in 2017 to $123,091 in the latest period?
The decrease in assets from $269,602 in 2017 to $123,091 in the latest period, especially following a period of high revenue, suggests that the organization likely made significant disbursements for its scholarship programs. This would align with its mission as a scholarship fund.
Filing History
IRS 990 filing history for Kevin T Mchugh Memorial Scholarship Fund Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Kevin T Mchugh Memorial Scholarship Fund Inc's revenue has declined by 64%, moving from $26K to $9K. Total assets increased by 37.1% over the same period, from $170K to $233K. Total functional expenses rose by 115.8%, from $12K to $26K. In its most recent filing year (2018), Kevin T Mchugh Memorial Scholarship Fund Inc reported a deficit of $17K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $9K | $26K | $233K | $0 | — | View 990 |
| 2017 | $17K | $10K | $270K | $0 | — | View 990 |
| 2016 | $18K | $11K | $239K | $0 | — | View 990 |
| 2015 | $39K | $9K | $219K | $0 | — | View 990 |
| 2014 | $22K | $12K | $219K | $0 | — | View 990 |
| 2013 | $18K | $12K | $213K | $0 | — | View 990 |
| 2012 | $13K | $12K | $187K | $0 | — | View 990 |
| 2011 | $26K | $12K | $170K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $9K, expenses of $26K, and assets of $233K (revenue -45.9% year-over-year).
- 2017: Revenue of $17K, expenses of $10K, and assets of $270K (revenue -1.5% year-over-year).
- 2016: Revenue of $18K, expenses of $11K, and assets of $239K (revenue -54.5% year-over-year).
- 2015: Revenue of $39K, expenses of $9K, and assets of $219K (revenue +78.3% year-over-year).
- 2014: Revenue of $22K, expenses of $12K, and assets of $219K (revenue +18.9% year-over-year).
- 2013: Revenue of $18K, expenses of $12K, and assets of $213K (revenue +39.0% year-over-year).
- 2012: Revenue of $13K, expenses of $12K, and assets of $187K (revenue -49.6% year-over-year).
- 2011: Revenue of $26K, expenses of $12K, and assets of $170K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kevin T Mchugh Memorial Scholarship Fund Inc:
Data Sources and Methodology
This transparency report for Kevin T Mchugh Memorial Scholarship Fund Inc 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.