Olive A Coates Charitable Tr
Olive A Coates Charitable Tr maintains strong assets and zero officer compensation, indicating high program efficiency.
EIN: 16149204 · Portland, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $458K |
| Program Spending | 99% |
| CEO/Top Officer Pay | $3.9 |
| Net Assets | $3.9M |
| Transparency Score | 95/100 |
Is Olive A Coates Charitable Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Olive A Coates Charitable Tr directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Olive A Coates Charitable Tr
Olive A Coates Charitable Tr (EIN: 16149204) is a nonprofit organization based in Portland, ME, classified under NTEE code T22. The organization reported total revenue of $1.2M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Olive A Coates Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Olive A Coates Charitable Tr is a mid-size nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $339K |
| Total Expenses | $458K |
| Surplus / Deficit | $-119,606 |
| Total Assets | $3.9M |
| Total Liabilities | $1 |
| Net Assets | $3.9M |
| Operating Margin | -35.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 103.1 months |
Financial Health Grade: B
In 2023, Olive A Coates Charitable Tr reported a deficit of $120K with expenses exceeding revenue, holds 103.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Olive A Coates Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.3% | -2.7% | -3.0% |
| 2022 | -13.8% | +30.2% | -1.7% |
| 2021 | +30.0% | +7.7% | +2.7% |
| 2020 | -3.3% | +-0.0% | +0.7% |
| 2019 | +26.6% | +11.8% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Olive A Coates 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Olive A Coates Charitable Tr allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $120K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptional for an organization of its asset size ($3.9 million in 2023) and indicates that all resources are directed towards its charitable purpose without significant overhead for leadership salaries.
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 Olive A Coates Charitable Tr:
- Zero officer compensation reported across all filings, indicating extremely high efficiency.
- Consistent asset growth over the past decade, demonstrating strong financial health.
- Minimal liabilities reported ($1 in recent years), reflecting excellent fiscal management.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Olive A Coates Charitable Tr
Is Olive A Coates Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Olive A Coates Charitable Tr (EIN: 16149204) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Olive A Coates Charitable Tr spend its money?
Olive A Coates Charitable Tr directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Olive A Coates Charitable Tr tax-deductible?
Olive A Coates Charitable Tr is registered as a tax-exempt nonprofit (EIN: 16149204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Olive A Coates Charitable Tr CEO make?
Olive A Coates Charitable Tr's highest-compensated officer earns $3.9 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Olive A Coates Charitable Tr compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Olive A Coates Charitable Tr is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Olive A Coates Charitable Tr located?
Olive A Coates Charitable Tr is headquartered in Portland, Maine and files with the IRS under EIN 16149204. It is classified under NTEE code T22.
How many years of IRS 990 filings does Olive A Coates Charitable Tr have?
Olive A Coates 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 $1.2M in total revenue.
Is Olive A Coates Charitable Tr a good charity?
Yes, based on its financial filings, the Olive A Coates Charitable Tr appears to be a very good charity, characterized by strong financial health, minimal liabilities, and exceptional spending efficiency with 0% officer compensation.
How does Olive A Coates Charitable Tr manage its administrative costs?
The trust manages its administrative costs exceptionally well, reporting 0% officer compensation in all available filings, suggesting very low overhead and a high proportion of funds directed to its charitable activities.
What is the trend in Olive A Coates Charitable Tr's assets?
The trust's assets have shown consistent growth over the past decade, increasing from $3,265,291 in 2011 to $3,938,780 in 2023, indicating sound financial management and investment.
Filing History
IRS 990 filing history for Olive A Coates Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Olive A Coates Charitable Tr's revenue has grown by 19.7%, moving from $283K to $339K. Total assets increased by 20.6% over the same period, from $3.3M to $3.9M. Total functional expenses rose by 98.5%, from $231K to $458K. In its most recent filing year (2023), Olive A Coates Charitable Tr reported a deficit of $120K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $339K | $458K | $3.9M | $1 | — | View 990 |
| 2022 | $405K | $471K | $4.1M | $1 | — | View 990 |
| 2021 | $469K | $362K | $4.1M | $1 | — | — |
| 2020 | $361K | $336K | $4.0M | $1 | — | View 990 |
| 2019 | $374K | $336K | $4.0M | $1 | — | View 990 |
| 2015 | $295K | $301K | $3.8M | $1 | — | View 990 |
| 2014 | $494K | $276K | $3.8M | $0 | — | View 990 |
| 2013 | $393K | $231K | $3.6M | $0 | — | View 990 |
| 2012 | $422K | $223K | $3.5M | $0 | — | View 990 |
| 2011 | $283K | $231K | $3.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $339K, expenses of $458K, and assets of $3.9M (revenue -16.3% year-over-year).
- 2022: Revenue of $405K, expenses of $471K, and assets of $4.1M (revenue -13.8% year-over-year).
- 2021: Revenue of $469K, expenses of $362K, and assets of $4.1M (revenue +30.0% year-over-year).
- 2020: Revenue of $361K, expenses of $336K, and assets of $4.0M (revenue -3.3% year-over-year).
- 2019: Revenue of $374K, expenses of $336K, and assets of $4.0M (revenue +26.6% year-over-year).
- 2015: Revenue of $295K, expenses of $301K, and assets of $3.8M (revenue -40.3% year-over-year).
- 2014: Revenue of $494K, expenses of $276K, and assets of $3.8M (revenue +25.8% year-over-year).
- 2013: Revenue of $393K, expenses of $231K, and assets of $3.6M (revenue -6.9% year-over-year).
- 2012: Revenue of $422K, expenses of $223K, and assets of $3.5M (revenue +49.0% year-over-year).
- 2011: Revenue of $283K, expenses of $231K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Olive A Coates Charitable Tr:
Data Sources and Methodology
This transparency report for Olive A Coates 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.