May M Vert Memorial Fund
May M Vert Memorial Fund consistently spends more than it earns, slowly depleting its assets.
EIN: 146014134 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12K |
| Total Expenses | $3K |
| Program Spending | 80% |
| Net Assets | $34K |
| Transparency Score | 60/100 |
Is May M Vert Memorial Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
May M Vert Memorial Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About May M Vert Memorial Fund
May M Vert Memorial Fund (EIN: 146014134) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $12K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of May M Vert Memorial Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
May M Vert Memorial Fund is a micro nonprofit that has been operating for 70 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $3K |
| Surplus / Deficit | $-486 |
| Total Assets | $34K |
| Total Liabilities | $1 |
| Net Assets | $34K |
| Operating Margin | -16.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 119.1 months |
Financial Health Grade: B
In 2020, May M Vert Memorial Fund reported a deficit of $486 with expenses exceeding revenue, holds 119.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), May M Vert Memorial Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +56.1% | +30.2% | -1.4% |
| 2019 | +39.8% | -17.6% | -11.3% |
| 2015 | -45.7% | +29.8% | -4.9% |
| 2014 | +199.3% | -8.9% | +2.5% |
| 2013 | -31.8% | +22.7% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
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 May M Vert Memorial Fund with a Mission Score of 60 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, May M Vert Memorial Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $486, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is unpaid, which is common for very small, volunteer-run entities.
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 May M Vert Memorial Fund's IRS 990 filings:
- Consistent deficit spending, with expenses exceeding revenue in all reported periods (e.g., 2020 revenue $2,927, expenses $3,413).
- Gradual decline in assets over time, from $42,675 in 2011 to $33,876 in 2020, indicating a draw-down of reserves.
Strengths
The following positive indicators were identified for May M Vert Memorial Fund:
- Zero officer compensation reported across all filings, suggesting volunteer leadership and efficient use of funds in this area.
- Minimal liabilities reported (often $1), indicating a low debt burden.
Frequently Asked Questions about May M Vert Memorial Fund
Is May M Vert Memorial Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, May M Vert Memorial Fund (EIN: 146014134) some concerns. Mission Score: 60/100. 2 red flags identified, 2 strengths noted.
How does May M Vert Memorial Fund spend its money?
May M Vert Memorial Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to May M Vert Memorial Fund tax-deductible?
May M Vert Memorial Fund is registered as a tax-exempt nonprofit (EIN: 146014134). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of May M Vert Memorial Fund's spending goes to programs?
May M Vert Memorial Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is May M Vert Memorial Fund located?
May M Vert Memorial Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 146014134.
How many years of IRS 990 filings does May M Vert Memorial Fund have?
May M Vert Memorial Fund has 7 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 $12K in total revenue.
Is May M Vert Memorial Fund financially sustainable?
Based on the consistent trend of expenses exceeding revenue (e.g., $3,413 expenses vs. $2,927 revenue in 2020), the organization is not financially sustainable in the long term without new significant funding sources or a reduction in expenses, as its assets have been steadily declining.
What is the primary use of the fund's expenses?
Without a detailed breakdown of expenses in the provided data, it is difficult to definitively state the primary use. However, given its nature as a memorial fund, it is likely that a significant portion goes towards its stated programmatic purpose, though administrative costs are also present.
How transparent is the May M Vert Memorial Fund?
The fund demonstrates basic transparency by filing its IRS 990s and reporting zero officer compensation and minimal liabilities. However, the lack of detailed expense categorization (program, admin, fundraising) in the provided summary limits a full assessment of its operational transparency.
Filing History
IRS 990 filing history for May M Vert Memorial Fund showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), May M Vert Memorial Fund's revenue has grown by 17.9%, moving from $2K to $3K. Total assets decreased by 20.6% over the same period, from $43K to $34K. Total functional expenses rose by 31.2%, from $3K to $3K. In its most recent filing year (2020), May M Vert Memorial Fund reported a deficit of $486, with expenses exceeding revenue. The organization holds $1 in liabilities against $34K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $34K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $3K | $3K | $34K | $1 | — | — |
| 2019 | $2K | $3K | $34K | $1 | — | View 990 |
| 2015 | $1K | $3K | $39K | $1 | — | View 990 |
| 2014 | $2K | $2K | $41K | $1 | — | View 990 |
| 2013 | $825 | $3K | $40K | $0 | — | View 990 |
| 2012 | $1K | $2K | $42K | $0 | — | View 990 |
| 2011 | $2K | $3K | $43K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $3K, expenses of $3K, and assets of $34K (revenue +56.1% year-over-year).
- 2019: Revenue of $2K, expenses of $3K, and assets of $34K (revenue +39.8% year-over-year).
- 2015: Revenue of $1K, expenses of $3K, and assets of $39K (revenue -45.7% year-over-year).
- 2014: Revenue of $2K, expenses of $2K, and assets of $41K (revenue +199.3% year-over-year).
- 2013: Revenue of $825, expenses of $3K, and assets of $40K (revenue -31.8% year-over-year).
- 2012: Revenue of $1K, expenses of $2K, and assets of $42K (revenue -51.2% year-over-year).
- 2011: Revenue of $2K, expenses of $3K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for May M Vert Memorial Fund:
Data Sources and Methodology
This transparency report for May M Vert Memorial Fund 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.