Margen R Penick Charitable Tr Uw
EIN: 226796523 · Washington, DC · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $17K |
| Net Assets | $177K |
Is Margen R Penick Charitable Tr Uw Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Margen R Penick Charitable Tr Uw
Margen R Penick Charitable Tr Uw (EIN: 226796523) is a nonprofit organization based in Washington, DC, classified under NTEE code T22. The organization reported total revenue of $96K and total assets of $215K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margen R Penick Charitable Tr Uw's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margen R Penick Charitable Tr Uw is a micro nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $17K |
| Surplus / Deficit | $-8,412 |
| Total Assets | $177K |
| Total Liabilities | $1 |
| Net Assets | $177K |
| Operating Margin | -103.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 128.3 months |
Financial Health Grade: B
In 2023, Margen R Penick Charitable Tr Uw reported a deficit of $8K with expenses exceeding revenue, holds 128.3 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), Margen R Penick Charitable Tr Uw's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.6% | -37.0% | -4.5% |
| 2022 | -2.1% | -5.5% | -1.8% |
| 2021 | +148.2% | -16.1% | -2.2% |
| 2020 | -59.5% | +30.9% | -10.9% |
| 2019 | +180.8% | +72.4% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Margen R Penick Charitable Tr Uw 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 Margen R Penick Charitable Tr Uw 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 deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Margen R Penick Charitable Tr Uw
Is Margen R Penick Charitable Tr Uw a legitimate charity?
Margen R Penick Charitable Tr Uw (EIN: 226796523) is a registered tax-exempt nonprofit based in Washington DC. It has 10 years of IRS 990 filings on record. Total revenue: $96K. No red flags identified. Financial health grade: B.
How does Margen R Penick Charitable Tr Uw spend its money?
Margen R Penick Charitable Tr Uw reported $96K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Margen R Penick Charitable Tr Uw tax-deductible?
Margen R Penick Charitable Tr Uw is registered as a tax-exempt nonprofit (EIN: 226796523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Margen R Penick Charitable Tr Uw located?
Margen R Penick Charitable Tr Uw is headquartered in Washington, Washington DC and files with the IRS under EIN 226796523. It is classified under NTEE code T22.
How many years of IRS 990 filings does Margen R Penick Charitable Tr Uw have?
Margen R Penick Charitable Tr Uw 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 $96K in total revenue.
Filing History
IRS 990 filing history for Margen R Penick Charitable Tr Uw showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Margen R Penick Charitable Tr Uw's revenue has declined by 32.9%, moving from $12K to $8K. Total assets decreased by 20.1% over the same period, from $221K to $177K. Total functional expenses rose by 14.2%, from $14K to $17K. In its most recent filing year (2023), Margen R Penick Charitable Tr Uw reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $177K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $177K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $17K | $177K | $1 | — | — |
| 2022 | $23K | $26K | $185K | $1 | — | — |
| 2021 | $23K | $28K | $188K | $1 | — | — |
| 2020 | $9K | $33K | $193K | $1 | — | View 990 |
| 2019 | $23K | $25K | $216K | $1 | — | View 990 |
| 2015 | $8K | $15K | $220K | $1 | — | View 990 |
| 2014 | $7K | $17K | $226K | $1 | — | View 990 |
| 2013 | $35K | $15K | $235K | $1 | — | View 990 |
| 2012 | $9K | $15K | $215K | $1 | — | View 990 |
| 2011 | $12K | $14K | $221K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $17K, and assets of $177K (revenue -64.6% year-over-year).
- 2022: Revenue of $23K, expenses of $26K, and assets of $185K (revenue -2.1% year-over-year).
- 2021: Revenue of $23K, expenses of $28K, and assets of $188K (revenue +148.2% year-over-year).
- 2020: Revenue of $9K, expenses of $33K, and assets of $193K (revenue -59.5% year-over-year).
- 2019: Revenue of $23K, expenses of $25K, and assets of $216K (revenue +180.8% year-over-year).
- 2015: Revenue of $8K, expenses of $15K, and assets of $220K (revenue +12.0% year-over-year).
- 2014: Revenue of $7K, expenses of $17K, and assets of $226K (revenue -78.9% year-over-year).
- 2013: Revenue of $35K, expenses of $15K, and assets of $235K (revenue +292.5% year-over-year).
- 2012: Revenue of $9K, expenses of $15K, and assets of $215K (revenue -26.1% year-over-year).
- 2011: Revenue of $12K, expenses of $14K, and assets of $221K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margen R Penick Charitable Tr Uw:
Data Sources and Methodology
This transparency report for Margen R Penick Charitable Tr Uw 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.