Mildred Mitchell May & Raymond Maytrust

Mildred Mitchell May & Raymond Maytrust maintains stable assets with no officer compensation and modest revenue.

EIN: 206997275 · Flemingsburg, KY · Updated: 2026-03-28

$33KRevenue

$261KAssets

75/100Mission Score (Good)

Is Mildred Mitchell May & Raymond Maytrust Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Mildred Mitchell May & Raymond Maytrust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Mildred Mitchell May & Raymond Maytrust

Mildred Mitchell May & Raymond Maytrust (EIN: 206997275) is a nonprofit organization based in Flemingsburg, KY. The organization reported total revenue of $33K and total assets of $261K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mildred Mitchell May & Raymond Maytrust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Mildred Mitchell May & Raymond Maytrust appears to be a small, private foundation with consistent asset levels and minimal operational expenses. Over the past decade, its assets have remained relatively stable, fluctuating between approximately $247,759 and $280,453, with current assets at $261,148. The organization consistently reports very low liabilities, often $0 or $1, indicating a strong balance sheet with virtually no debt. Revenue streams are modest, typically ranging from $7,000 to $24,000 annually, with the latest reported revenue at $32,842.

Spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, the organization consistently reports 0% officer compensation, which is a positive indicator for minimizing administrative overhead related to executive pay. Given its small scale and consistent financial patterns, it likely operates with a lean structure. The primary financial activity seems to be managing its endowment and distributing funds, rather than extensive program delivery requiring significant operational costs.

Transparency is generally good, as evidenced by its consistent IRS 990 filings over a decade. The absence of officer compensation is a key transparency point. However, without NTEE code information or a detailed breakdown of program service accomplishments and expenses, it's challenging to fully understand the specific impact and allocation of its spending. Further detail on how its expenses translate into programmatic activities would enhance its transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mildred Mitchell May & Raymond Maytrust with a Mission Score of 75 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: 80%
fundraising: 0%

According to IRS 990 filings, Mildred Mitchell May & Raymond Maytrust allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for minimizing administrative costs.

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 Mildred Mitchell May & Raymond Maytrust's IRS 990 filings:

NTEE Code Unknown: Lack of a specified NTEE code makes it difficult to understand the organization's specific charitable purpose.
Expense Exceeds Revenue in Multiple Years: In several periods (e.g., 202312, 202212, 202012), expenses were higher than revenue, indicating a reliance on existing assets to cover costs.

Strengths

The following positive indicators were identified for Mildred Mitchell May & Raymond Maytrust:

Zero Officer Compensation: Consistently reports 0% officer compensation, indicating efficient use of funds by avoiding executive salaries.
Strong Balance Sheet: Consistently reports minimal liabilities ($0 or $1), demonstrating a very low debt burden.
Stable Asset Base: Assets have remained relatively stable over a decade, indicating prudent financial management and preservation of capital.
Consistent IRS 990 Filings: A decade of consistent filings demonstrates a commitment to transparency and compliance.

Frequently Asked Questions about Mildred Mitchell May & Raymond Maytrust

Is Mildred Mitchell May & Raymond Maytrust a legitimate charity?

Based on AI analysis of IRS 990 filings, Mildred Mitchell May & Raymond Maytrust (EIN: 206997275) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

How does Mildred Mitchell May & Raymond Maytrust spend its money?

Mildred Mitchell May & Raymond Maytrust directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Mildred Mitchell May & Raymond Maytrust tax-deductible?

Mildred Mitchell May & Raymond Maytrust is registered as a tax-exempt nonprofit (EIN: 206997275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What are the specific programmatic activities or grants made by the Mildred Mitchell May & Raymond Maytrust?

The provided data does not detail specific programmatic activities or grant recipients. The NTEE code is also unknown, making it difficult to ascertain the organization's exact mission or beneficiaries from the financial data alone.

How does the organization manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization is likely run by volunteers, or its administrative functions are handled by an external entity without direct compensation to its officers, which is common for small family trusts or foundations.

Is the organization's revenue sufficient to cover its expenses consistently?

Revenue has fluctuated relative to expenses. In some years (e.g., 202312, 202212, 202012, 201512, 201312), expenses exceeded revenue, leading to a slight draw on assets. In other years (e.g., 202112, 201412, 201212), revenue exceeded expenses. Overall, the asset base has remained stable, indicating long-term financial sustainability despite annual fluctuations.

Filing History

IRS 990 filing history for Mildred Mitchell May & Raymond Maytrust showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Mildred Mitchell May & Raymond Maytrust's revenue has grown by 89.2%, moving from $7K to $13K. Total assets decreased by 10% over the same period, from $279K to $251K. Total functional expenses rose by 133.5%, from $7K to $16K. In its most recent filing year (2023), Mildred Mitchell May & Raymond Maytrust reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $251K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $251K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$13K	$16K	$251K	$1	—	—
2022	$12K	$16K	$253K	$1	—	—
2021	$25K	$15K	$257K	$1	—	—
2020	$9K	$13K	$248K	$1	—	—
2019	$11K	$12K	$251K	$1	—	View 990
2015	$8K	$19K	$269K	$0	—	View 990
2014	$9K	$6K	$280K	$0	—	View 990
2013	$7K	$10K	$278K	$0	—	View 990
2012	$7K	$6K	$280K	$0	—	View 990
2011	$7K	$7K	$279K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $13K, expenses of $16K, and assets of $251K (revenue +13.7% year-over-year).
2022: Revenue of $12K, expenses of $16K, and assets of $253K (revenue -51.7% year-over-year).
2021: Revenue of $25K, expenses of $15K, and assets of $257K (revenue +168.2% year-over-year).
2020: Revenue of $9K, expenses of $13K, and assets of $248K (revenue -17.3% year-over-year).
2019: Revenue of $11K, expenses of $12K, and assets of $251K (revenue +45.4% year-over-year).
2015: Revenue of $8K, expenses of $19K, and assets of $269K (revenue -14.7% year-over-year).
2014: Revenue of $9K, expenses of $6K, and assets of $280K (revenue +26.0% year-over-year).
2013: Revenue of $7K, expenses of $10K, and assets of $278K (revenue -3.2% year-over-year).
2012: Revenue of $7K, expenses of $6K, and assets of $280K (revenue +2.9% year-over-year).
2011: Revenue of $7K, expenses of $7K, and assets of $279K.

Data Sources and Methodology

This transparency report for Mildred Mitchell May & Raymond Maytrust 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.