Oakdale Memorial Gardens Perpetual Care Tr
Oakdale Memorial Gardens Perpetual Care Tr maintains strong asset growth with minimal expenses and no executive compensation.
EIN: 206559366 · Davenport, IA · NTEE: Y50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $208K |
| Total Expenses | $80K |
| Program Spending | 100% |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is Oakdale Memorial Gardens Perpetual Care Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oakdale Memorial Gardens Perpetual Care Tr directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oakdale Memorial Gardens Perpetual Care Tr
Oakdale Memorial Gardens Perpetual Care Tr (EIN: 206559366) is a nonprofit organization based in Davenport, IA, classified under NTEE code Y50. The organization reported total revenue of $208K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oakdale Memorial Gardens Perpetual Care Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oakdale Memorial Gardens Perpetual Care Tr is a small nonprofit that has been operating for 7 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $248K |
| Total Expenses | $80K |
| Surplus / Deficit | +$167K |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | 67.5% |
| Months of Reserves | 155.9 months |
Financial Health Grade: A
In 2023, Oakdale Memorial Gardens Perpetual Care Tr reported a surplus of $167K with revenue exceeding expenses, holds 155.9 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Oakdale Memorial Gardens Perpetual Care Tr's revenue has declined at a compound annual growth rate (CAGR) of -9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -177.0% | — | -17.3% |
| 2021 | +64.5% | — | +29.1% |
| 2020 | +3.4% | -100.0% | +21.5% |
| 2019 | +255.6% | +66.7% | +17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
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 Oakdale Memorial Gardens Perpetual Care Tr with a Mission Score of 90 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Oakdale Memorial Gardens Perpetual Care Tr allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 surplus of $167K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly efficient for a nonprofit of its size and mission.
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 Oakdale Memorial Gardens Perpetual Care Tr's IRS 990 filings:
- Negative revenue reported in 2022 without clear explanation in summary data.
Strengths
The following positive indicators were identified for Oakdale Memorial Gardens Perpetual Care Tr:
- Consistent asset growth, reaching $1,045,124 in 2023.
- Zero reported liabilities across all filings, indicating strong financial stability.
- 0% officer compensation, demonstrating high efficiency and dedication of resources to the mission.
- Minimal expenses, suggesting a lean operational model.
- Clear focus on perpetual care, aligning with its NTEE code and name.
Frequently Asked Questions about Oakdale Memorial Gardens Perpetual Care Tr
Is Oakdale Memorial Gardens Perpetual Care Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Oakdale Memorial Gardens Perpetual Care Tr (EIN: 206559366) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Oakdale Memorial Gardens Perpetual Care Tr spend its money?
Oakdale Memorial Gardens Perpetual Care Tr directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oakdale Memorial Gardens Perpetual Care Tr tax-deductible?
Oakdale Memorial Gardens Perpetual Care Tr is registered as a tax-exempt nonprofit (EIN: 206559366). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Oakdale Memorial Gardens Perpetual Care Tr compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Oakdale Memorial Gardens Perpetual Care Tr is above average for NTEE category Y50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Oakdale Memorial Gardens Perpetual Care Tr located?
Oakdale Memorial Gardens Perpetual Care Tr is headquartered in Davenport, Iowa and files with the IRS under EIN 206559366. It is classified under NTEE code Y50.
How many years of IRS 990 filings does Oakdale Memorial Gardens Perpetual Care Tr have?
Oakdale Memorial Gardens Perpetual Care Tr has 8 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 $208K in total revenue.
Is Oakdale Memorial Gardens Perpetual Care Tr a good charity?
Based on the available data, Oakdale Memorial Gardens Perpetual Care Tr demonstrates strong financial health, consistent asset growth, and extremely low operational overhead with no executive compensation. Its mission appears to be long-term asset management for perpetual care, which it executes efficiently.
Why are expenses so low in most years?
The organization's expenses are consistently low, often reported as $0, which suggests its primary function is to hold and grow assets for perpetual care rather than engage in extensive direct service programs that incur high operational costs. The expenses reported, such as $80,438 in 2023, likely cover essential maintenance or administrative costs related to asset management.
What caused the negative revenue in 2022?
The negative revenue of -$184,229 in 2022 could be due to various factors such as investment losses, significant asset revaluation downwards, or a return of funds. Without more detailed financial statements, the exact cause cannot be determined, but it did not significantly impact the long-term asset growth trend.
Filing History
IRS 990 filing history for Oakdale Memorial Gardens Perpetual Care Tr showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Oakdale Memorial Gardens Perpetual Care Tr's revenue has declined by 49.4%, moving from $490K to $248K. Total assets increased by 113.3% over the same period, from $490K to $1.0M. In its most recent filing year (2023), Oakdale Memorial Gardens Perpetual Care Tr reported a surplus of $167K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $248K | $80K | $1.0M | $0 | — | View 990 |
| 2022 | $-184,229 | $0 | $878K | $0 | — | View 990 |
| 2021 | $239K | $0 | $1.1M | $0 | — | View 990 |
| 2020 | $145K | $0 | $823K | $0 | — | — |
| 2019 | $141K | $40K | $677K | $0 | — | — |
| 2018 | $40K | $24K | $577K | $0 | — | View 990 |
| 2017 | $71K | $0 | $561K | $0 | — | View 990 |
| 2016 | $490K | $0 | $490K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $248K, expenses of $80K, and assets of $1.0M.
- 2022: Revenue of $-184,229, expenses of $0, and assets of $878K (revenue -177.0% year-over-year).
- 2021: Revenue of $239K, expenses of $0, and assets of $1.1M (revenue +64.5% year-over-year).
- 2020: Revenue of $145K, expenses of $0, and assets of $823K (revenue +3.4% year-over-year).
- 2019: Revenue of $141K, expenses of $40K, and assets of $677K (revenue +255.6% year-over-year).
- 2018: Revenue of $40K, expenses of $24K, and assets of $577K (revenue -44.4% year-over-year).
- 2017: Revenue of $71K, expenses of $0, and assets of $561K (revenue -85.5% year-over-year).
- 2016: Revenue of $490K, expenses of $0, and assets of $490K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oakdale Memorial Gardens Perpetual Care Tr:
Data Sources and Methodology
This transparency report for Oakdale Memorial Gardens Perpetual Care 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.