Morton Kelly Charitable Tr
Morton Kelly Charitable Tr maintains strong asset base and zero executive compensation, consistently operating as a grantmaking foundation.
EIN: 10442078 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.7M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| Net Assets | $17.7M |
| Transparency Score | 95/100 |
Is Morton Kelly Charitable Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morton Kelly Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morton Kelly Charitable Tr
Morton Kelly Charitable Tr (EIN: 10442078) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $24.7M and total assets of $20.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morton Kelly Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morton Kelly Charitable Tr is a large nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-175,556 |
| Total Assets | $17.9M |
| Total Liabilities | $125K |
| Net Assets | $17.7M |
| Operating Margin | -14.1% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 150.6 months |
Financial Health Grade: B
In 2023, Morton Kelly Charitable Tr reported a deficit of $176K with expenses exceeding revenue, holds 150.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Morton Kelly Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +201.0% | +7.8% | -1.6% |
| 2022 | -90.9% | -2.6% | -4.6% |
| 2021 | +239.5% | +23.2% | +20.3% |
| 2020 | +9.4% | -2.8% | +1.7% |
| 2019 | +53.6% | +20.6% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Morton Kelly Charitable Tr with a Mission Score of 95 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, Morton Kelly Charitable Tr 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $176K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
The Morton Kelly Charitable Tr consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly efficient for a charitable trust of its 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.
Strengths
The following positive indicators were identified for Morton Kelly Charitable Tr:
- Consistent zero officer compensation, indicating high efficiency in executive spending.
- Strong and growing asset base, with assets of $20,243,296 in the latest period.
- Consistent filing of IRS 990 forms, demonstrating transparency.
- Significant revenue generation, with $24,744,494 reported in the latest period, suggesting effective asset management.
- Low liabilities relative to assets, indicating sound financial management (e.g., $125,000 liabilities vs. $17,851,579 assets in 2023).
Frequently Asked Questions about Morton Kelly Charitable Tr
Is Morton Kelly Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Morton Kelly Charitable Tr (EIN: 10442078) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Morton Kelly Charitable Tr spend its money?
Morton Kelly Charitable Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Morton Kelly Charitable Tr tax-deductible?
Morton Kelly Charitable Tr is registered as a tax-exempt nonprofit (EIN: 10442078). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morton Kelly Charitable Tr located?
Morton Kelly Charitable Tr is headquartered in Portland, Maine and files with the IRS under EIN 10442078.
How many years of IRS 990 filings does Morton Kelly Charitable Tr have?
Morton Kelly Charitable Tr has 10 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 $24.7M in total revenue.
What are the specific program areas or types of grants made by the Morton Kelly Charitable Tr?
The provided data does not specify the NTEE code or detailed program descriptions, making it difficult to ascertain the exact nature of its charitable activities beyond being a grantmaking foundation.
How does the organization manage its investment portfolio to generate its significant revenue?
With a latest revenue of $24,744,494 and assets of $20,243,296, a significant portion of its revenue likely comes from investment returns, but the specific investment strategies are not detailed in the provided IRS 990 summary.
Are there any related organizations or entities associated with the Morton Kelly Charitable Tr?
The provided data does not contain information regarding related organizations or entities.
Filing History
IRS 990 filing history for Morton Kelly Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Morton Kelly Charitable Tr's revenue has grown by 209.3%, moving from $403K to $1.2M. Total assets increased by 421.5% over the same period, from $3.4M to $17.9M. Total functional expenses rose by 574%, from $211K to $1.4M. In its most recent filing year (2023), Morton Kelly Charitable Tr reported a deficit of $176K, with expenses exceeding revenue. The organization holds $125K in liabilities against $17.9M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $17.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.4M | $17.9M | $125K | — | View 990 |
| 2022 | $414K | $1.3M | $18.1M | $150K | — | View 990 |
| 2021 | $4.6M | $1.4M | $19.0M | $150K | — | — |
| 2020 | $1.3M | $1.1M | $15.8M | $75K | — | View 990 |
| 2019 | $1.2M | $1.1M | $15.5M | $100K | — | View 990 |
| 2015 | $799K | $939K | $15.8M | $0 | — | View 990 |
| 2014 | $1.4M | $845K | $16.2M | $0 | — | View 990 |
| 2013 | $12.5M | $727K | $15.4M | $0 | — | View 990 |
| 2012 | $506K | $269K | $3.7M | $0 | — | View 990 |
| 2011 | $403K | $211K | $3.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.4M, and assets of $17.9M (revenue +201.0% year-over-year).
- 2022: Revenue of $414K, expenses of $1.3M, and assets of $18.1M (revenue -90.9% year-over-year).
- 2021: Revenue of $4.6M, expenses of $1.4M, and assets of $19.0M (revenue +239.5% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.1M, and assets of $15.8M (revenue +9.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $15.5M (revenue +53.6% year-over-year).
- 2015: Revenue of $799K, expenses of $939K, and assets of $15.8M (revenue -43.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $845K, and assets of $16.2M (revenue -88.7% year-over-year).
- 2013: Revenue of $12.5M, expenses of $727K, and assets of $15.4M (revenue +2369.8% year-over-year).
- 2012: Revenue of $506K, expenses of $269K, and assets of $3.7M (revenue +25.4% year-over-year).
- 2011: Revenue of $403K, expenses of $211K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morton Kelly Charitable Tr:
Data Sources and Methodology
This transparency report for Morton Kelly Charitable 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.