P D Merrill Charitable Tr U A Dtd 11 02 06
P D Merrill Charitable Trust reports $2.5 million in expenses against $21,552 revenue and $1 in assets in 2022.
EIN: 207312061 · Portland, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $2.6M |
| Program Spending | 90% |
| Net Assets | $0 |
| Transparency Score | 30/100 |
Is P D Merrill Charitable Tr U A Dtd 11 02 06 Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
P D Merrill Charitable Tr U A Dtd 11 02 06 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About P D Merrill Charitable Tr U A Dtd 11 02 06
P D Merrill Charitable Tr U A Dtd 11 02 06 (EIN: 207312061) is a nonprofit organization based in Portland, ME, classified under NTEE code T22. The organization reported total revenue of $22K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of P D Merrill Charitable Tr U A Dtd 11 02 06's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
P D Merrill Charitable Tr U A Dtd 11 02 06 is a micro nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -27.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-2,537,460 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | -11773.7% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2022, P D Merrill Charitable Tr U A Dtd 11 02 06 reported a deficit of $2.5M with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 9 years of filings (2011–2022), P D Merrill Charitable Tr U A Dtd 11 02 06's revenue has declined at a compound annual growth rate (CAGR) of -27.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +2235.0% | +2809.7% | -100.0% |
| 2021 | -93.4% | -91.9% | -3.3% |
| 2020 | -86.8% | -54.4% | -29.0% |
| 2019 | -86.3% | +282.4% | -26.8% |
| 2015 | +9.3% | -5.5% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 P D Merrill Charitable Tr U A Dtd 11 02 06 with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, P D Merrill Charitable Tr U A Dtd 11 02 06 allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is a positive sign for resource allocation.
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 P D Merrill Charitable Tr U A Dtd 11 02 06's IRS 990 filings:
- Massive deficit in 2022 ($2,537,460 expenses vs. $21,552 revenue).
- Dramatic reduction in assets from over $2.5 million in 2021 to $1 in 2022.
- Unexplained financial instability and sudden change in financial position.
- Lack of detailed expense breakdown to understand the nature of the $2.5 million spending in 2022.
Strengths
The following positive indicators were identified for P D Merrill Charitable Tr U A Dtd 11 02 06:
- Consistent 0% officer compensation across all reported years.
- Historically maintained significant asset levels (prior to 2022).
Frequently Asked Questions about P D Merrill Charitable Tr U A Dtd 11 02 06
Is P D Merrill Charitable Tr U A Dtd 11 02 06 a legitimate charity?
P D Merrill Charitable Tr U A Dtd 11 02 06 (EIN: 207312061) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 30/100. It has 9 years of IRS 990 filings on record. Total revenue: $22K. 4 red flags identified. 2 strengths noted. Financial health grade: D.
How does P D Merrill Charitable Tr U A Dtd 11 02 06 spend its money?
P D Merrill Charitable Tr U A Dtd 11 02 06 directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to P D Merrill Charitable Tr U A Dtd 11 02 06 tax-deductible?
P D Merrill Charitable Tr U A Dtd 11 02 06 is registered as a tax-exempt nonprofit (EIN: 207312061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of P D Merrill Charitable Tr U A Dtd 11 02 06's spending goes to programs?
P D Merrill Charitable Tr U A Dtd 11 02 06 directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does P D Merrill Charitable Tr U A Dtd 11 02 06 compare to similar nonprofits?
With a transparency score of 30/100 (Poor), P D Merrill Charitable Tr U A Dtd 11 02 06 is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is P D Merrill Charitable Tr U A Dtd 11 02 06 located?
P D Merrill Charitable Tr U A Dtd 11 02 06 is headquartered in Portland, Maine and files with the IRS under EIN 207312061. It is classified under NTEE code T22.
How many years of IRS 990 filings does P D Merrill Charitable Tr U A Dtd 11 02 06 have?
P D Merrill Charitable Tr U A Dtd 11 02 06 has 9 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 $22K in total revenue.
What caused the dramatic decrease in assets from $2,537,460 in 2021 to $1 in 2022?
The provided data does not specify the reason for this significant asset reduction. It could indicate a major distribution of assets, a sale, or a transfer, but further details from the full 990 filing would be needed.
How did the organization incur $2,559,012 in expenses in 2022 with only $21,552 in revenue?
This large deficit suggests that the organization either spent down its remaining assets, utilized prior year reserves, or incurred significant liabilities. The full 990 would detail the nature of these expenses and their funding source.
Is P D Merrill Charitable Tr U A Dtd 11 02 06 still an active and financially viable charity?
Given the $1 in assets and the massive deficit in the latest filing, the organization's financial viability and active status are highly questionable. It appears to be in a state of significant change, possibly winding down.
Filing History
IRS 990 filing history for P D Merrill Charitable Tr U A Dtd 11 02 06 showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), P D Merrill Charitable Tr U A Dtd 11 02 06's revenue has declined by 96.9%, moving from $701K to $22K. Total assets decreased by 100% over the same period, from $6.0M to $1. Total functional expenses rose by 285.2%, from $664K to $2.6M. In its most recent filing year (2022), P D Merrill Charitable Tr U A Dtd 11 02 06 reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $22K | $2.6M | $1 | $1 | — | — |
| 2021 | $923 | $88K | $2.5M | $1 | — | View 990 |
| 2020 | $14K | $1.1M | $2.6M | $1 | — | — |
| 2019 | $105K | $2.4M | $3.7M | $1 | — | View 990 |
| 2015 | $766K | $627K | $5.1M | $2.5M | — | View 990 |
| 2014 | $701K | $663K | $5.2M | $2.8M | — | View 990 |
| 2013 | $701K | $677K | $5.6M | $3.2M | — | View 990 |
| 2012 | $701K | $642K | $5.8M | $3.5M | — | View 990 |
| 2011 | $701K | $664K | $6.0M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $22K, expenses of $2.6M, and assets of $1 (revenue +2235.0% year-over-year).
- 2021: Revenue of $923, expenses of $88K, and assets of $2.5M (revenue -93.4% year-over-year).
- 2020: Revenue of $14K, expenses of $1.1M, and assets of $2.6M (revenue -86.8% year-over-year).
- 2019: Revenue of $105K, expenses of $2.4M, and assets of $3.7M (revenue -86.3% year-over-year).
- 2015: Revenue of $766K, expenses of $627K, and assets of $5.1M (revenue +9.3% year-over-year).
- 2014: Revenue of $701K, expenses of $663K, and assets of $5.2M (revenue +-0.0% year-over-year).
- 2013: Revenue of $701K, expenses of $677K, and assets of $5.6M (revenue +-0.0% year-over-year).
- 2012: Revenue of $701K, expenses of $642K, and assets of $5.8M (revenue +-0.0% year-over-year).
- 2011: Revenue of $701K, expenses of $664K, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for P D Merrill Charitable Tr U A Dtd 11 02 06:
Data Sources and Methodology
This transparency report for P D Merrill Charitable Tr U A Dtd 11 02 06 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.