Ruth E Proud Charitable Tr

Ruth E Proud Charitable Tr maintains strong assets and zero officer compensation, indicating efficient financial management.

EIN: 20691253 · North Adams, MA · NTEE: T31 · Updated: 2026-03-28

$1.2MRevenue

$2.3MAssets

85/100Mission Score (Excellent)

T31

About Ruth E Proud Charitable Tr

Ruth E Proud Charitable Tr (EIN: 20691253) is a nonprofit organization based in North Adams, MA, classified under NTEE code T31. The organization reported total revenue of $1.2M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ruth E Proud Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Ruth E Proud Charitable Tr appears to be a well-managed private foundation, consistently maintaining a strong asset base relative to its annual revenue and expenses. Over the past decade, its assets have grown from $1,942,343 in 2011 to $2,171,406 in 2023, indicating sound financial stewardship. The organization consistently reports zero officer compensation, which is a significant indicator of efficiency and a commitment to directing resources towards its charitable purpose. While specific program spending details are not provided in the summary data, the absence of officer compensation suggests that administrative overhead is likely minimal, allowing a greater proportion of funds to support its mission.

The foundation's revenue and expenses have fluctuated over the years, with revenue ranging from a low of $47,288 in 2012 to a high of $434,406 in 2021. Expenses have generally been in a similar range, with some periods showing expenses exceeding revenue, such as in 2023 where expenses were $264,432 against revenue of $197,787. This is not uncommon for foundations that distribute grants from their endowment. The consistently low liabilities, often reported as $1, further underscore the organization's strong financial health and responsible management, minimizing financial risk. The lack of detailed expense breakdowns (program, admin, fundraising) in the provided data limits a precise assessment of spending efficiency, but the zero officer compensation is a strong positive indicator.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ruth E Proud Charitable Tr with a Mission Score of 85 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, Ruth E Proud 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a highly volunteer-driven leadership or that administrative costs are absorbed elsewhere, contributing to greater financial efficiency.

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 Ruth E Proud Charitable Tr's IRS 990 filings:

Lack of detailed program vs. administrative expense breakdown in provided data (common for private foundations, but limits granular analysis)

Strengths

The following positive indicators were identified for Ruth E Proud Charitable Tr:

Consistent zero officer compensation, indicating high efficiency and dedication of resources to mission.
Strong and growing asset base, from $1,942,343 in 2011 to $2,171,406 in 2023.
Extremely low liabilities across all reporting periods (often $1), demonstrating sound financial management.
Stable financial health over a decade, weathering fluctuations in revenue and expenses.

Frequently Asked Questions about Ruth E Proud Charitable Tr

Is Ruth E Proud Charitable Tr a good charity?

Based on the available IRS 990 data, Ruth E Proud Charitable Tr appears to be a well-managed private foundation. Key indicators like consistent asset growth, extremely low liabilities, and zero officer compensation suggest strong financial health and a commitment to its mission.

How does Ruth E Proud Charitable Tr manage its administrative costs?

The organization reports 0% officer compensation in all available filings, which is a strong indicator of very low administrative overhead. This suggests that either leadership is entirely volunteer-based or administrative functions are managed with minimal cost, allowing more funds for charitable activities.

What is the financial trend of Ruth E Proud Charitable Tr?

Over the past decade, the organization has maintained a stable and growing asset base, increasing from $1,942,343 in 2011 to $2,171,406 in 2023. While annual revenue and expenses fluctuate, the overall financial health, as indicated by assets and minimal liabilities, remains strong.

Filing History

IRS 990 filing history for Ruth E Proud Charitable Tr showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Ruth E Proud Charitable Tr's revenue has grown by 123%, moving from $89K to $198K. Total assets increased by 11.8% over the same period, from $1.9M to $2.2M. Total functional expenses fell by 39.7%, from $439K to $264K. In its most recent filing year (2023), Ruth E Proud Charitable Tr reported a deficit of $67K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$198K	$264K	$2.2M	$1	—	—
2022	$219K	$230K	$2.3M	$7K	—	—
2021	$434K	$230K	$2.3M	$1	—	View 990
2020	$252K	$237K	$2.1M	$1	—	View 990
2019	$236K	$220K	$2.0M	$1K	—	View 990
2015	$128K	$180K	$1.8M	$6K	—	View 990
2014	$154K	$272K	$1.8M	$1	—	View 990
2013	$426K	$238K	$1.9M	$1	—	View 990
2012	$47K	$262K	$1.7M	$1	—	View 990
2011	$89K	$439K	$1.9M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $198K, expenses of $264K, and assets of $2.2M (revenue -9.5% year-over-year).
2022: Revenue of $219K, expenses of $230K, and assets of $2.3M (revenue -49.7% year-over-year).
2021: Revenue of $434K, expenses of $230K, and assets of $2.3M (revenue +72.5% year-over-year).
2020: Revenue of $252K, expenses of $237K, and assets of $2.1M (revenue +6.7% year-over-year).
2019: Revenue of $236K, expenses of $220K, and assets of $2.0M (revenue +83.8% year-over-year).
2015: Revenue of $128K, expenses of $180K, and assets of $1.8M (revenue -16.6% year-over-year).
2014: Revenue of $154K, expenses of $272K, and assets of $1.8M (revenue -63.9% year-over-year).
2013: Revenue of $426K, expenses of $238K, and assets of $1.9M (revenue +801.2% year-over-year).
2012: Revenue of $47K, expenses of $262K, and assets of $1.7M (revenue -46.7% year-over-year).
2011: Revenue of $89K, expenses of $439K, and assets of $1.9M.

Data Sources and Methodology

This transparency report for Ruth E Proud 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.