Mgm Charitable Scholarship Tr
EIN: 616264013 · Paducah, KY · NTEE: T20
About Mgm Charitable Scholarship Tr
Mgm Charitable Scholarship Tr (EIN: 616264013) is a nonprofit organization based in Paducah, KY, classified under NTEE code T20. The organization reported total revenue of $82K and total assets of $506K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mgm Charitable Scholarship Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Mgm Charitable Scholarship Tr 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 Mgm Charitable Scholarship Tr 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.
Filing History
IRS 990 filing history for Mgm Charitable Scholarship Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mgm Charitable Scholarship Tr's revenue has declined by 96.4%, moving from $236K to $8K. Total assets increased by 201.4% over the same period, from $187K to $563K. Total functional expenses fell by 80.1%, from $302K to $60K. In its most recent filing year (2023), Mgm Charitable Scholarship Tr reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1 in liabilities against $563K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $563K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $60K | $563K | $1 | — | View 990 |
| 2022 | $115K | $79K | $615K | $1 | — | View 990 |
| 2021 | $13K | $30K | $579K | $1 | — | View 990 |
| 2020 | $302K | $33K | $597K | $1 | — | — |
| 2019 | $162K | $137K | $327K | $1 | — | View 990 |
| 2015 | $212K | $185K | $237K | $1 | — | View 990 |
| 2014 | $346K | $362K | $210K | $1 | — | View 990 |
| 2013 | $260K | $242K | $155K | $1 | — | View 990 |
| 2012 | $223K | $274K | $137K | $0 | — | View 990 |
| 2011 | $236K | $302K | $187K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $60K, and assets of $563K (revenue -92.7% year-over-year).
- 2022: Revenue of $115K, expenses of $79K, and assets of $615K (revenue +803.3% year-over-year).
- 2021: Revenue of $13K, expenses of $30K, and assets of $579K (revenue -95.8% year-over-year).
- 2020: Revenue of $302K, expenses of $33K, and assets of $597K (revenue +86.9% year-over-year).
- 2019: Revenue of $162K, expenses of $137K, and assets of $327K (revenue -23.9% year-over-year).
- 2015: Revenue of $212K, expenses of $185K, and assets of $237K (revenue -38.7% year-over-year).
- 2014: Revenue of $346K, expenses of $362K, and assets of $210K (revenue +33.3% year-over-year).
- 2013: Revenue of $260K, expenses of $242K, and assets of $155K (revenue +16.6% year-over-year).
- 2012: Revenue of $223K, expenses of $274K, and assets of $137K (revenue -5.6% year-over-year).
- 2011: Revenue of $236K, expenses of $302K, and assets of $187K.
Data Sources and Methodology
This transparency report for Mgm Charitable Scholarship Tr 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.