Raymond B Craig Scholarship Fund
EIN: 550752656 · Wheeling, WV · NTEE: T50Z
| Metric | Value |
|---|---|
| Total Revenue | $14K |
| Total Expenses | $10K |
| Net Assets | $205K |
Is Raymond B Craig Scholarship Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raymond B Craig Scholarship Fund
Raymond B Craig Scholarship Fund (EIN: 550752656) is a nonprofit organization based in Wheeling, WV, classified under NTEE code T50Z. The organization reported total revenue of $14K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raymond B Craig Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raymond B Craig Scholarship Fund is a micro nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $10K |
| Surplus / Deficit | $-3,926 |
| Total Assets | $205K |
| Total Liabilities | $1 |
| Net Assets | $205K |
| Operating Margin | -63.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 242.3 months |
Financial Health Grade: B
In 2023, Raymond B Craig Scholarship Fund reported a deficit of $4K with expenses exceeding revenue, holds 242.3 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), Raymond B Craig Scholarship Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.8% | +49.6% | -2.8% |
| 2021 | -126.6% | -49.7% | +12.7% |
| 2020 | +165.5% | +685.0% | -5.0% |
| 2019 | +41.9% | +8233.3% | +38.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raymond B Craig Scholarship Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Raymond B Craig Scholarship Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Raymond B Craig Scholarship Fund
Is Raymond B Craig Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Raymond B Craig Scholarship Fund (EIN: 550752656) insufficient data. 0 red flags identified, 0 strengths noted.
How does Raymond B Craig Scholarship Fund spend its money?
Detailed spending breakdown data is not yet available for Raymond B Craig Scholarship Fund. Check back for updated IRS 990 analysis.
Are donations to Raymond B Craig Scholarship Fund tax-deductible?
Raymond B Craig Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 550752656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raymond B Craig Scholarship Fund located?
Raymond B Craig Scholarship Fund is headquartered in Wheeling, West Virginia and files with the IRS under EIN 550752656. It is classified under NTEE code T50Z.
How many years of IRS 990 filings does Raymond B Craig Scholarship Fund have?
Raymond B Craig Scholarship Fund 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 $14K in total revenue.
Filing History
IRS 990 filing history for Raymond B Craig Scholarship Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Raymond B Craig Scholarship Fund's revenue has grown by 29.3%, moving from $5K to $6K. Total assets increased by 50.6% over the same period, from $136K to $205K. Total functional expenses rose by 3067.2%, from $320 to $10K. In its most recent filing year (2023), Raymond B Craig Scholarship Fund reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $205K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $205K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $10K | $205K | $1 | — | — |
| 2022 | $5K | $7K | $210K | $1 | — | — |
| 2021 | $-4,203 | $8K | $228K | $1 | — | — |
| 2020 | $16K | $16K | $202K | $1 | — | — |
| 2019 | $6K | $2K | $213K | $1 | — | — |
| 2015 | $4K | $24 | $154K | $0 | — | View 990 |
| 2014 | $4K | $4K | $179K | $0 | — | View 990 |
| 2013 | $2K | $4K | $177K | $0 | — | View 990 |
| 2012 | $5K | $3K | $143K | $0 | — | View 990 |
| 2011 | $5K | $320 | $136K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $10K, and assets of $205K (revenue +16.8% year-over-year).
- 2022: Revenue of $5K, expenses of $7K, and assets of $210K.
- 2021: Revenue of $-4,203, expenses of $8K, and assets of $228K (revenue -126.6% year-over-year).
- 2020: Revenue of $16K, expenses of $16K, and assets of $202K (revenue +165.5% year-over-year).
- 2019: Revenue of $6K, expenses of $2K, and assets of $213K (revenue +41.9% year-over-year).
- 2015: Revenue of $4K, expenses of $24, and assets of $154K (revenue +5.3% year-over-year).
- 2014: Revenue of $4K, expenses of $4K, and assets of $179K (revenue +62.3% year-over-year).
- 2013: Revenue of $2K, expenses of $4K, and assets of $177K (revenue -48.8% year-over-year).
- 2012: Revenue of $5K, expenses of $3K, and assets of $143K (revenue -0.1% year-over-year).
- 2011: Revenue of $5K, expenses of $320, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raymond B Craig Scholarship Fund:
Data Sources and Methodology
This transparency report for Raymond B Craig Scholarship Fund 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.