Margaret E Burnham Charitable Tr
Margaret E Burnham Charitable Tr consistently spends more than its annual revenue, drawing down on its assets.
EIN: 10496879 · Portland, ME · NTEE: T22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $671K |
| Program Spending | 90% |
| Net Assets | $7.1M |
| Transparency Score | 85/100 |
Is Margaret E Burnham Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret E Burnham Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret E Burnham Charitable Tr
Margaret E Burnham Charitable Tr (EIN: 10496879) is a nonprofit organization based in Portland, ME, classified under NTEE code T22Z. The organization reported total revenue of $2.4M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret E Burnham Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret E Burnham Charitable Tr is a mid-size nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $449K |
| Total Expenses | $671K |
| Surplus / Deficit | $-221,136 |
| Total Assets | $7.1M |
| Total Liabilities | $1 |
| Net Assets | $7.1M |
| Operating Margin | -49.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 127.6 months |
Financial Health Grade: B
In 2023, Margaret E Burnham Charitable Tr reported a deficit of $221K with expenses exceeding revenue, holds 127.6 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), Margaret E Burnham Charitable Tr's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.5% | +0.9% | -2.2% |
| 2022 | -30.0% | -1.8% | -4.1% |
| 2021 | +36.7% | +22.7% | -2.2% |
| 2020 | -48.9% | -1.7% | -2.5% |
| 2019 | +160.1% | +18.6% | +18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Margaret E Burnham Charitable Tr 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Margaret E Burnham Charitable Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $221K, 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 executive salaries are paid, which is highly efficient for a charitable trust of this 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.
Red Flags
The following concerns were identified during AI analysis of Margaret E Burnham Charitable Tr's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in recent years (e.g., 2021-2023)
- Gradual decline in total assets over the past few years, from $7,774,557 in 2020 to $7,129,599 in 2023
Strengths
The following positive indicators were identified for Margaret E Burnham Charitable Tr:
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Consistent filing of IRS 990s over a decade, demonstrating transparency.
- Substantial asset base of over $7 million to support its charitable mission.
Frequently Asked Questions about Margaret E Burnham Charitable Tr
Is Margaret E Burnham Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret E Burnham Charitable Tr (EIN: 10496879) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Margaret E Burnham Charitable Tr spend its money?
Margaret E Burnham Charitable Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margaret E Burnham Charitable Tr tax-deductible?
Margaret E Burnham Charitable Tr is registered as a tax-exempt nonprofit (EIN: 10496879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Margaret E Burnham Charitable Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Margaret E Burnham Charitable Tr is above average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Margaret E Burnham Charitable Tr located?
Margaret E Burnham Charitable Tr is headquartered in Portland, Maine and files with the IRS under EIN 10496879. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does Margaret E Burnham Charitable Tr have?
Margaret E Burnham Charitable 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 $2.4M in total revenue.
Is Margaret E Burnham Charitable Tr financially sustainable given its spending patterns?
The trust has consistently spent more than its revenue in recent years (e.g., $670,548 expenses vs. $449,412 revenue in 2023), leading to a gradual decrease in assets from $7,774,557 in 2020 to $7,129,599 in 2023. While it has substantial assets, this trend suggests a reliance on asset drawdowns rather than self-sustaining revenue generation.
What are the primary administrative costs for an organization with no officer compensation?
Even without officer compensation, administrative costs for a charitable trust would typically include legal fees, accounting services, investment management fees, bank charges, and potentially some operational overhead for managing grants and compliance. The provided data does not break down these specific costs.
Filing History
IRS 990 filing history for Margaret E Burnham Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Margaret E Burnham Charitable Tr's revenue has declined by 57.6%, moving from $1.1M to $449K. Total assets increased by 29% over the same period, from $5.5M to $7.1M. Total functional expenses rose by 85%, from $362K to $671K. In its most recent filing year (2023), Margaret E Burnham Charitable Tr reported a deficit of $221K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $449K | $671K | $7.1M | $1 | — | View 990 |
| 2022 | $352K | $665K | $7.3M | $1 | — | View 990 |
| 2021 | $504K | $677K | $7.6M | $1 | — | — |
| 2020 | $368K | $552K | $7.8M | $1 | — | — |
| 2019 | $721K | $561K | $8.0M | $0 | — | View 990 |
| 2015 | $277K | $473K | $6.7M | $0 | — | View 990 |
| 2014 | $780K | $431K | $6.9M | $0 | — | View 990 |
| 2013 | $600K | $391K | $6.6M | $0 | — | View 990 |
| 2012 | $1.2M | $357K | $6.4M | $0 | — | View 990 |
| 2011 | $1.1M | $362K | $5.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $449K, expenses of $671K, and assets of $7.1M (revenue +27.5% year-over-year).
- 2022: Revenue of $352K, expenses of $665K, and assets of $7.3M (revenue -30.0% year-over-year).
- 2021: Revenue of $504K, expenses of $677K, and assets of $7.6M (revenue +36.7% year-over-year).
- 2020: Revenue of $368K, expenses of $552K, and assets of $7.8M (revenue -48.9% year-over-year).
- 2019: Revenue of $721K, expenses of $561K, and assets of $8.0M (revenue +160.1% year-over-year).
- 2015: Revenue of $277K, expenses of $473K, and assets of $6.7M (revenue -64.4% year-over-year).
- 2014: Revenue of $780K, expenses of $431K, and assets of $6.9M (revenue +30.0% year-over-year).
- 2013: Revenue of $600K, expenses of $391K, and assets of $6.6M (revenue -50.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $357K, and assets of $6.4M (revenue +14.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $362K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret E Burnham Charitable Tr:
Data Sources and Methodology
This transparency report for Margaret E Burnham 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.