Middlesboro Independent Schools Tr Foundation
Middlesboro Independent Schools Tr Foundation shows fluctuating revenue and expenses, with consistent volunteer leadership.
EIN: 141846453 · Middlesboro, KY · NTEE: B112 · Updated: 2026-03-28
Is Middlesboro Independent Schools Tr Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Middlesboro Independent Schools Tr Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Middlesboro Independent Schools Tr Foundation
Middlesboro Independent Schools Tr Foundation (EIN: 141846453) is a nonprofit organization based in Middlesboro, KY, classified under NTEE code B112. The organization reported total revenue of $12K and total assets of $104K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Middlesboro Independent Schools Tr Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Middlesboro Independent Schools Tr Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Middlesboro Independent Schools Tr Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of this size.
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 Middlesboro Independent Schools Tr Foundation's IRS 990 filings:
- Significant deficit in 2023 where expenses ($7,772) greatly exceeded revenue ($2,468).
Strengths
The following positive indicators were identified for Middlesboro Independent Schools Tr Foundation:
- Consistent 0% officer compensation, indicating volunteer leadership.
- Maintains a stable asset base, currently $103,768, despite fluctuating annual revenues.
- Minimal liabilities ($1 reported in recent years), suggesting sound financial management.
Frequently Asked Questions about Middlesboro Independent Schools Tr Foundation
Is Middlesboro Independent Schools Tr Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Middlesboro Independent Schools Tr Foundation (EIN: 141846453) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Middlesboro Independent Schools Tr Foundation spend its money?
Middlesboro Independent Schools Tr Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Middlesboro Independent Schools Tr Foundation tax-deductible?
Middlesboro Independent Schools Tr Foundation is registered as a tax-exempt nonprofit (EIN: 141846453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Middlesboro Independent Schools Tr Foundation a good charity?
Based on the available data, the foundation appears to be a good charity, especially given its volunteer leadership (0% officer compensation) and consistent asset base. Its small scale and focus on local education suggest direct impact, though spending efficiency varies year-to-year.
What caused the significant expense increase in 2023 relative to revenue?
In 2023, the foundation reported expenses of $7,772 against revenue of $2,468. Without detailed expense breakdowns, it's unclear if this was a planned program expenditure drawing from reserves or an unusual operational cost.
How does the foundation primarily generate its revenue?
The filings indicate fluctuating revenue, ranging from $1,874 to $10,519. While the specific sources aren't detailed in the summary, for a foundation of this type, it typically comes from donations, grants, and investment income.
Filing History
IRS 990 filing history for Middlesboro Independent Schools Tr Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Middlesboro Independent Schools Tr Foundation's revenue has grown by 31.7%, moving from $2K to $2K. Total assets increased by 43.2% over the same period, from $72K to $103K. Total functional expenses rose by 902.8%, from $775 to $8K. In its most recent filing year (2023), Middlesboro Independent Schools Tr Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $103K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $103K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $8K | $103K | $1 | — | View 990 |
| 2022 | $8K | $2K | $109K | $1 | — | View 990 |
| 2021 | $6K | $4K | $103K | $1 | — | — |
| 2020 | $5K | $5K | $101K | $1 | — | — |
| 2016 | $3K | $5K | $82K | $0 | — | View 990 |
| 2015 | $4K | $8K | $85K | $0 | — | View 990 |
| 2014 | $11K | $1K | $88K | $0 | — | View 990 |
| 2013 | $10K | $3K | $79K | $0 | — | View 990 |
| 2012 | $2K | $775 | $0 | $0 | — | View 990 |
| 2011 | $2K | $775 | $72K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $8K, and assets of $103K (revenue -69.8% year-over-year).
- 2022: Revenue of $8K, expenses of $2K, and assets of $109K (revenue +42.2% year-over-year).
- 2021: Revenue of $6K, expenses of $4K, and assets of $103K (revenue +12.3% year-over-year).
- 2020: Revenue of $5K, expenses of $5K, and assets of $101K (revenue +61.1% year-over-year).
- 2016: Revenue of $3K, expenses of $5K, and assets of $82K (revenue -12.2% year-over-year).
- 2015: Revenue of $4K, expenses of $8K, and assets of $85K (revenue -65.7% year-over-year).
- 2014: Revenue of $11K, expenses of $1K, and assets of $88K (revenue +6.9% year-over-year).
- 2013: Revenue of $10K, expenses of $3K, and assets of $79K (revenue +425.1% year-over-year).
- 2012: Revenue of $2K, expenses of $775, and assets of $0 (revenue +0.0% year-over-year).
- 2011: Revenue of $2K, expenses of $775, and assets of $72K.
Data Sources and Methodology
This transparency report for Middlesboro Independent Schools Tr Foundation 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.