Margaret S Comstock Charitable Tr 051399
EIN: 616257375 · Louisville, KY · NTEE: A11
| Metric | Value |
|---|---|
| Total Revenue | $501K |
| Total Expenses | $60K |
| Net Assets | $541K |
Is Margaret S Comstock Charitable Tr 051399 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Margaret S Comstock Charitable Tr 051399
Margaret S Comstock Charitable Tr 051399 (EIN: 616257375) is a nonprofit organization based in Louisville, KY, classified under NTEE code A11. The organization reported total revenue of $501K and total assets of $789K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret S Comstock Charitable Tr 051399's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret S Comstock Charitable Tr 051399 is a small nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $60K |
| Surplus / Deficit | +$20K |
| Total Assets | $541K |
| Total Liabilities | $1 |
| Net Assets | $541K |
| Operating Margin | 25.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 108.9 months |
Financial Health Grade: A
In 2023, Margaret S Comstock Charitable Tr 051399 reported a surplus of $20K with revenue exceeding expenses, holds 108.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.3% | -0.8% | +3.9% |
| 2022 | +124.7% | +19.0% | -2.2% |
| 2021 | +1.7% | +5.2% | -5.2% |
| 2020 | -92.2% | +2.6% | -4.6% |
| 2019 | +748.2% | +8.8% | +44.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Margaret S Comstock Charitable Tr 051399 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Margaret S Comstock Charitable Tr 051399 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Margaret S Comstock Charitable Tr 051399
Is Margaret S Comstock Charitable Tr 051399 a legitimate charity?
Margaret S Comstock Charitable Tr 051399 (EIN: 616257375) is a registered tax-exempt nonprofit based in Kentucky. It has 10 years of IRS 990 filings on record. Total revenue: $501K. No red flags identified. Financial health grade: A.
How does Margaret S Comstock Charitable Tr 051399 spend its money?
Margaret S Comstock Charitable Tr 051399 reported $501K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Margaret S Comstock Charitable Tr 051399 tax-deductible?
Margaret S Comstock Charitable Tr 051399 is registered as a tax-exempt nonprofit (EIN: 616257375). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Margaret S Comstock Charitable Tr 051399 located?
Margaret S Comstock Charitable Tr 051399 is headquartered in Louisville, Kentucky and files with the IRS under EIN 616257375. It is classified under NTEE code A11.
How many years of IRS 990 filings does Margaret S Comstock Charitable Tr 051399 have?
Margaret S Comstock Charitable Tr 051399 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 $501K in total revenue.
Filing History
IRS 990 filing history for Margaret S Comstock Charitable Tr 051399 showing financial trends over 10 years of public records:
Total assets increased by 22.8% over the same period, from $440K to $541K. Total functional expenses rose by 160.4%, from $23K to $60K. In its most recent filing year (2023), Margaret S Comstock Charitable Tr 051399 reported a surplus of $20K, with revenue exceeding expenses. The organization holds $1 in liabilities against $541K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $541K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $60K | $541K | $1 | — | View 990 |
| 2022 | $48K | $60K | $520K | $1 | — | View 990 |
| 2021 | $21K | $51K | $532K | $1 | — | — |
| 2020 | $21K | $48K | $561K | $1 | — | — |
| 2019 | $271K | $47K | $588K | $1 | — | View 990 |
| 2015 | $32K | $43K | $407K | $0 | — | View 990 |
| 2014 | $56K | $74K | $418K | $0 | — | View 990 |
| 2013 | $27K | $43K | $435K | $0 | — | View 990 |
| 2012 | $17K | $6K | $452K | $0 | — | View 990 |
| 2011 | $-4,199 | $23K | $440K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $60K, and assets of $541K (revenue +66.3% year-over-year).
- 2022: Revenue of $48K, expenses of $60K, and assets of $520K (revenue +124.7% year-over-year).
- 2021: Revenue of $21K, expenses of $51K, and assets of $532K (revenue +1.7% year-over-year).
- 2020: Revenue of $21K, expenses of $48K, and assets of $561K (revenue -92.2% year-over-year).
- 2019: Revenue of $271K, expenses of $47K, and assets of $588K (revenue +748.2% year-over-year).
- 2015: Revenue of $32K, expenses of $43K, and assets of $407K (revenue -43.2% year-over-year).
- 2014: Revenue of $56K, expenses of $74K, and assets of $418K (revenue +111.3% year-over-year).
- 2013: Revenue of $27K, expenses of $43K, and assets of $435K (revenue +56.7% year-over-year).
- 2012: Revenue of $17K, expenses of $6K, and assets of $452K.
- 2011: Revenue of $-4,199, expenses of $23K, and assets of $440K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret S Comstock Charitable Tr 051399:
Data Sources and Methodology
This transparency report for Margaret S Comstock Charitable Tr 051399 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.