Mary Caroline Phelps Tr For Aging In America
Mary Caroline Phelps Trust maintains strong asset base despite recent operating deficits.
EIN: 136046634 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $478K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.5M |
| Transparency Score | 70/100 |
Is Mary Caroline Phelps Tr For Aging In America Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mary Caroline Phelps Tr For Aging In America directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mary Caroline Phelps Tr For Aging In America
Mary Caroline Phelps Tr For Aging In America (EIN: 136046634) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $2.9M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Caroline Phelps Tr For Aging In America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Caroline Phelps Tr For Aging In America is a mid-size nonprofit that has been operating for 56 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $390K |
| Total Expenses | $478K |
| Surplus / Deficit | $-87,932 |
| Total Assets | $6.5M |
| Total Liabilities | $1 |
| Net Assets | $6.5M |
| Operating Margin | -22.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 162.7 months |
Financial Health Grade: B
In 2023, Mary Caroline Phelps Tr For Aging In America reported a deficit of $88K with expenses exceeding revenue, holds 162.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), Mary Caroline Phelps Tr For Aging In America's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.3% | -10.7% | -1.3% |
| 2022 | -59.9% | +15.4% | -3.0% |
| 2021 | +19.1% | +5.0% | +5.7% |
| 2020 | +39.5% | +0.7% | +4.1% |
| 2019 | +9.6% | +27.8% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 Mary Caroline Phelps Tr For Aging In America with a Mission Score of 70 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mary Caroline Phelps Tr For Aging In America allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $88K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers do not receive salaries from the trust, which is highly unusual for an organization with assets exceeding $6 million and annual expenses often over $400,000.
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 Mary Caroline Phelps Tr For Aging In America's IRS 990 filings:
- Consistent operating deficits in recent years (2022 and 2023), where expenses exceeded revenue.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
- Unknown NTEE code, which limits understanding of its specific charitable activities and sector.
Strengths
The following positive indicators were identified for Mary Caroline Phelps Tr For Aging In America:
- Strong and growing asset base, increasing from $5,769,245 in 2013 to $6,479,835 in 2023, indicating long-term financial stability.
- Consistent reporting of 0% officer compensation, suggesting a lean executive cost structure.
- Long history of IRS 990 filings (8 filings), demonstrating consistent compliance and transparency over time.
Frequently Asked Questions about Mary Caroline Phelps Tr For Aging In America
Is Mary Caroline Phelps Tr For Aging In America a legitimate charity?
Mary Caroline Phelps Tr For Aging In America (EIN: 136046634) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 70/100. It has 8 years of IRS 990 filings on record. Total revenue: $2.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Mary Caroline Phelps Tr For Aging In America spend its money?
Mary Caroline Phelps Tr For Aging In America directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Mary Caroline Phelps Tr For Aging In America tax-deductible?
Mary Caroline Phelps Tr For Aging In America is registered as a tax-exempt nonprofit (EIN: 136046634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mary Caroline Phelps Tr For Aging In America CEO make?
Mary Caroline Phelps Tr For Aging In America's highest-compensated officer earns $6 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mary Caroline Phelps Tr For Aging In America's spending goes to programs?
Mary Caroline Phelps Tr For Aging In America directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Mary Caroline Phelps Tr For Aging In America located?
Mary Caroline Phelps Tr For Aging In America is headquartered in Chicago, Illinois and files with the IRS under EIN 136046634.
How many years of IRS 990 filings does Mary Caroline Phelps Tr For Aging In America have?
Mary Caroline Phelps Tr For Aging In America 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 $2.9M in total revenue.
Is Mary Caroline Phelps Tr For Aging In America a good charity?
Based on the available data, the organization demonstrates strong financial stability with a growing asset base. However, without detailed program spending information and an NTEE code, it's challenging to fully assess its programmatic effectiveness and direct impact. The lack of officer compensation is notable.
What caused the operating deficits in 2022 and 2023?
In 2022, expenses were $534,908 against revenue of $332,424, and in 2023, expenses were $477,922 against revenue of $389,990. The specific causes of these deficits are not detailed in the provided summary, but they indicate that the organization spent more than it generated in those periods, drawing from its reserves or investment income.
How does the organization fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, or that the trust operates with minimal direct staffing, potentially relying on external service providers for administrative functions.
Filing History
IRS 990 filing history for Mary Caroline Phelps Tr For Aging In America showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Mary Caroline Phelps Tr For Aging In America's revenue has declined by 9.5%, moving from $431K to $390K. Total assets increased by 12.3% over the same period, from $5.8M to $6.5M. Total functional expenses rose by 46.1%, from $327K to $478K. In its most recent filing year (2023), Mary Caroline Phelps Tr For Aging In America reported a deficit of $88K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $390K | $478K | $6.5M | $1 | — | View 990 |
| 2022 | $332K | $535K | $6.6M | $1 | — | View 990 |
| 2021 | $830K | $464K | $6.8M | $1 | — | — |
| 2020 | $697K | $442K | $6.4M | $1 | — | — |
| 2019 | $499K | $438K | $6.1M | $1 | — | View 990 |
| 2015 | $455K | $343K | $5.9M | $0 | — | View 990 |
| 2014 | $377K | $353K | $5.8M | $0 | — | View 990 |
| 2013 | $431K | $327K | $5.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $390K, expenses of $478K, and assets of $6.5M (revenue +17.3% year-over-year).
- 2022: Revenue of $332K, expenses of $535K, and assets of $6.6M (revenue -59.9% year-over-year).
- 2021: Revenue of $830K, expenses of $464K, and assets of $6.8M (revenue +19.1% year-over-year).
- 2020: Revenue of $697K, expenses of $442K, and assets of $6.4M (revenue +39.5% year-over-year).
- 2019: Revenue of $499K, expenses of $438K, and assets of $6.1M (revenue +9.6% year-over-year).
- 2015: Revenue of $455K, expenses of $343K, and assets of $5.9M (revenue +20.8% year-over-year).
- 2014: Revenue of $377K, expenses of $353K, and assets of $5.8M (revenue -12.5% year-over-year).
- 2013: Revenue of $431K, expenses of $327K, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Caroline Phelps Tr For Aging In America:
Data Sources and Methodology
This transparency report for Mary Caroline Phelps Tr For Aging In America 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.