Magee Fam Charitable Tr
Magee Fam Charitable Tr reports minimal financial activity with $1 revenue and $0 expenses in 2020.
EIN: 206354392 · Pearl River, LA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Program Spending | 100% |
| Net Assets | $0 |
| Transparency Score | 60/100 |
Is Magee Fam Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Magee Fam Charitable Tr directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Magee Fam Charitable Tr
Magee Fam Charitable Tr (EIN: 206354392) is a nonprofit organization based in Pearl River, LA, classified under NTEE code T22. The organization reported total revenue of $1 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Magee Fam Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Magee Fam Charitable Tr is a micro nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -66.1%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 100.0% |
Financial Health Grade: B
In 2020, Magee Fam Charitable Tr reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 7 years of filings (2011–2020), Magee Fam Charitable Tr's revenue has declined at a compound annual growth rate (CAGR) of -66.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +0.0% | -100.0% | -99.7% |
| 2019 | -100.0% | -99.5% | -92.3% |
| 2015 | +189.5% | +138.3% | -1.6% |
| 2014 | -64.7% | -56.5% | -35.6% |
| 2013 | +77.2% | +63.8% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Magee Fam Charitable Tr with a Mission Score of 60 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Magee Fam Charitable Tr allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not compensated, which is highly efficient for an organization of its size, albeit currently very small.
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 Magee Fam Charitable Tr's IRS 990 filings:
- Extremely low and declining financial activity in recent years, suggesting dormancy.
- Assets have decreased significantly from $6,750 in 2011 to $1 in 2020.
Strengths
The following positive indicators were identified for Magee Fam Charitable Tr:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- History of consistent IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Magee Fam Charitable Tr
Is Magee Fam Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Magee Fam Charitable Tr (EIN: 206354392) some concerns. Mission Score: 60/100. 2 red flags identified, 2 strengths noted.
How does Magee Fam Charitable Tr spend its money?
Magee Fam Charitable Tr directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Magee Fam Charitable Tr tax-deductible?
Magee Fam Charitable Tr is registered as a tax-exempt nonprofit (EIN: 206354392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Magee Fam Charitable Tr compare to similar nonprofits?
With a transparency score of 60/100 (Good), Magee Fam Charitable Tr 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 Magee Fam Charitable Tr located?
Magee Fam Charitable Tr is headquartered in Pearl River, Louisiana and files with the IRS under EIN 206354392. It is classified under NTEE code T22.
How many years of IRS 990 filings does Magee Fam Charitable Tr have?
Magee Fam Charitable Tr has 7 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 $1 in total revenue.
Is Magee Fam Charitable Tr currently active in its charitable mission?
Based on the latest filings showing only $1 in revenue and $0 in expenses for 2020, the organization appears to be largely inactive in its charitable mission.
What is the purpose of the Magee Fam Charitable Tr given its minimal financial activity?
Without further information beyond the 990 data, it's unclear what specific activities or purpose the trust maintains given its near-dormant financial state in recent years.
Filing History
IRS 990 filing history for Magee Fam Charitable Tr showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Magee Fam Charitable Tr's revenue has declined by 100%, moving from $17K to $1. Total assets decreased by 100% over the same period, from $7K to $1. Total functional expenses fell by 100%, from $17K to $0. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1 | $0 | $1 | $1 | — | View 990 |
| 2019 | $1 | $109 | $292 | $1 | — | — |
| 2015 | $25K | $24K | $4K | $852 | — | View 990 |
| 2014 | $8K | $10K | $4K | $1K | — | View 990 |
| 2013 | $24K | $23K | $6K | $2K | — | View 990 |
| 2012 | $14K | $14K | $6K | $2K | — | View 990 |
| 2011 | $17K | $17K | $7K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $109, and assets of $292 (revenue -100.0% year-over-year).
- 2015: Revenue of $25K, expenses of $24K, and assets of $4K (revenue +189.5% year-over-year).
- 2014: Revenue of $8K, expenses of $10K, and assets of $4K (revenue -64.7% year-over-year).
- 2013: Revenue of $24K, expenses of $23K, and assets of $6K (revenue +77.2% year-over-year).
- 2012: Revenue of $14K, expenses of $14K, and assets of $6K (revenue -20.3% year-over-year).
- 2011: Revenue of $17K, expenses of $17K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Magee Fam Charitable Tr:
Data Sources and Methodology
This transparency report for Magee Fam Charitable 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.