Mary R Gallaspy Charitable Trust No One
EIN: 452904294 · Monroe, LA · NTEE: X11
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $5.9M |
| Net Assets | $3.4M |
Is Mary R Gallaspy Charitable Trust No One Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mary R Gallaspy Charitable Trust No One
Mary R Gallaspy Charitable Trust No One (EIN: 452904294) is a nonprofit organization based in Monroe, LA, classified under NTEE code X11. The organization reported total revenue of $3.2M and total assets of $19.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary R Gallaspy Charitable Trust No One's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary R Gallaspy Charitable Trust No One is a mid-size nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-1,811,441 |
| Total Assets | $18.4M |
| Total Liabilities | $15.0M |
| Net Assets | $3.4M |
| Operating Margin | -44.7% |
| Debt-to-Asset Ratio | 81.3% |
| Months of Reserves | 37.7 months |
Financial Health Grade: C
In 2023, Mary R Gallaspy Charitable Trust No One reported a deficit of $1.8M with expenses exceeding revenue, holds 37.7 months of operating reserves (strong position), has a debt-to-asset ratio of 81.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mary R Gallaspy Charitable Trust No One's revenue has declined at a compound annual growth rate (CAGR) of -13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +113.2% | +43.6% | +22.0% |
| 2022 | +218.7% | +59.4% | -10.3% |
| 2021 | +174.3% | +14.7% | +1.9% |
| 2020 | -30.4% | -6.4% | +2.0% |
| 2019 | -31.9% | +5523.9% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mary R Gallaspy Charitable Trust No One 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 Mary R Gallaspy Charitable Trust No One 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 $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.3%.
Frequently Asked Questions about Mary R Gallaspy Charitable Trust No One
Is Mary R Gallaspy Charitable Trust No One a legitimate charity?
Mary R Gallaspy Charitable Trust No One (EIN: 452904294) is a registered tax-exempt nonprofit based in Louisiana. It has 13 years of IRS 990 filings on record. Total revenue: $3.2M. No red flags identified. Financial health grade: C.
How does Mary R Gallaspy Charitable Trust No One spend its money?
Mary R Gallaspy Charitable Trust No One reported $3.2M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mary R Gallaspy Charitable Trust No One tax-deductible?
Mary R Gallaspy Charitable Trust No One is registered as a tax-exempt nonprofit (EIN: 452904294). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mary R Gallaspy Charitable Trust No One located?
Mary R Gallaspy Charitable Trust No One is headquartered in Monroe, Louisiana and files with the IRS under EIN 452904294. It is classified under NTEE code X11.
How many years of IRS 990 filings does Mary R Gallaspy Charitable Trust No One have?
Mary R Gallaspy Charitable Trust No One has 13 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 $3.2M in total revenue.
Filing History
IRS 990 filing history for Mary R Gallaspy Charitable Trust No One showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mary R Gallaspy Charitable Trust No One's revenue has declined by 81.6%, moving from $22.0M to $4.1M. Total assets decreased by 15.7% over the same period, from $21.9M to $18.4M. Total functional expenses rose by 238.1%, from $1.7M to $5.9M. In its most recent filing year (2023), Mary R Gallaspy Charitable Trust No One reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $15.0M in liabilities against $18.4M in assets (debt-to-asset ratio: 81.3%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $5.9M | $18.4M | $15.0M | — | View 990 |
| 2022 | $1.9M | $4.1M | $15.1M | $11.7M | — | View 990 |
| 2021 | $596K | $2.6M | $16.8M | $8.9M | — | — |
| 2020 | $217K | $2.2M | $16.5M | $7.1M | — | View 990 |
| 2019 | $312K | $2.4M | $16.2M | $5.7M | — | View 990 |
| 2018 | $458K | $42K | $15.9M | $4.4M | — | View 990 |
| 2017 | $251K | $1.7M | $16.7M | $5.0M | — | View 990 |
| 2016 | $230K | $1000K | $17.2M | $4.4M | — | View 990 |
| 2015 | $309K | $481K | $17.9M | $4.5M | — | View 990 |
| 2014 | $181K | $3.7M | $19.9M | $5.8M | — | View 990 |
| 2013 | $165K | $2.6M | $20.7M | $3.3M | — | View 990 |
| 2012 | $44K | $529K | $21.1M | $1.4M | — | View 990 |
| 2011 | $22.0M | $1.7M | $21.9M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $5.9M, and assets of $18.4M (revenue +113.2% year-over-year).
- 2022: Revenue of $1.9M, expenses of $4.1M, and assets of $15.1M (revenue +218.7% year-over-year).
- 2021: Revenue of $596K, expenses of $2.6M, and assets of $16.8M (revenue +174.3% year-over-year).
- 2020: Revenue of $217K, expenses of $2.2M, and assets of $16.5M (revenue -30.4% year-over-year).
- 2019: Revenue of $312K, expenses of $2.4M, and assets of $16.2M (revenue -31.9% year-over-year).
- 2018: Revenue of $458K, expenses of $42K, and assets of $15.9M (revenue +82.9% year-over-year).
- 2017: Revenue of $251K, expenses of $1.7M, and assets of $16.7M (revenue +9.0% year-over-year).
- 2016: Revenue of $230K, expenses of $1000K, and assets of $17.2M (revenue -25.6% year-over-year).
- 2015: Revenue of $309K, expenses of $481K, and assets of $17.9M (revenue +70.5% year-over-year).
- 2014: Revenue of $181K, expenses of $3.7M, and assets of $19.9M (revenue +9.5% year-over-year).
- 2013: Revenue of $165K, expenses of $2.6M, and assets of $20.7M (revenue +276.6% year-over-year).
- 2012: Revenue of $44K, expenses of $529K, and assets of $21.1M (revenue -99.8% year-over-year).
- 2011: Revenue of $22.0M, expenses of $1.7M, and assets of $21.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary R Gallaspy Charitable Trust No One:
Data Sources and Methodology
This transparency report for Mary R Gallaspy Charitable Trust No One 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.