Samuel Finkel Charitable Foundation Tr
Samuel Finkel Charitable Foundation Tr shows consistent asset decline and operational deficits over the past decade.
EIN: 206419866 · Diamond Cove, ME · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28K |
| Total Expenses | $49K |
| Program Spending | 80% |
| Net Assets | $340K |
| Transparency Score | 55/100 |
Is Samuel Finkel Charitable Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Samuel Finkel Charitable Foundation Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Samuel Finkel Charitable Foundation Tr
Samuel Finkel Charitable Foundation Tr (EIN: 206419866) is a nonprofit organization based in Diamond Cove, ME, classified under NTEE code T20. The organization reported total revenue of $28K and total assets of $327K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Samuel Finkel Charitable Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Samuel Finkel Charitable Foundation Tr is a micro nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -13.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $49K |
| Surplus / Deficit | $-40,180 |
| Total Assets | $340K |
| Total Liabilities | $1 |
| Net Assets | $340K |
| Operating Margin | -477.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 83.9 months |
Financial Health Grade: B
In 2023, Samuel Finkel Charitable Foundation Tr reported a deficit of $40K with expenses exceeding revenue, holds 83.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), Samuel Finkel Charitable Foundation Tr's revenue has declined at a compound annual growth rate (CAGR) of -13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.9% | — | -10.6% |
| 2022 | -25.5% | -100.0% | -1.0% |
| 2021 | +18.2% | +2.9% | -0.9% |
| 2020 | +255.0% | -6.1% | -1.2% |
| 2019 | -75.8% | -20.9% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Samuel Finkel Charitable Foundation Tr with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Samuel Finkel Charitable Foundation Tr allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is a positive for minimizing administrative overhead.
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 Samuel Finkel Charitable Foundation Tr's IRS 990 filings:
- Consistent operational deficits (expenses frequently exceed revenue)
- Steady decline in total assets over the past decade
- Unusual and consistent reporting of $1 in liabilities across multiple years
- Significant expense in 2023 ($48,603) far exceeding revenue ($8,423)
Strengths
The following positive indicators were identified for Samuel Finkel Charitable Foundation Tr:
- No officer compensation reported, indicating low executive overhead
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting
- Low liabilities reported (though the $1 figure is unusual)
Frequently Asked Questions about Samuel Finkel Charitable Foundation Tr
Is Samuel Finkel Charitable Foundation Tr a legitimate charity?
Samuel Finkel Charitable Foundation Tr (EIN: 206419866) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 55/100. It has 8 years of IRS 990 filings on record. Total revenue: $28K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Samuel Finkel Charitable Foundation Tr spend its money?
Samuel Finkel Charitable Foundation Tr directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Samuel Finkel Charitable Foundation Tr tax-deductible?
Samuel Finkel Charitable Foundation Tr is registered as a tax-exempt nonprofit (EIN: 206419866). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Samuel Finkel Charitable Foundation Tr's spending goes to programs?
Samuel Finkel Charitable Foundation Tr directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Samuel Finkel Charitable Foundation Tr compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Samuel Finkel Charitable Foundation Tr is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Samuel Finkel Charitable Foundation Tr located?
Samuel Finkel Charitable Foundation Tr is headquartered in Diamond Cove, Maine and files with the IRS under EIN 206419866. It is classified under NTEE code T20.
How many years of IRS 990 filings does Samuel Finkel Charitable Foundation Tr have?
Samuel Finkel Charitable Foundation 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 $28K in total revenue.
What are the specific program activities or grants made by the foundation?
The provided data does not detail specific program activities or grants. As a T20 NTEE code organization, it is likely a private grantmaking foundation, meaning its primary activity is distributing grants to other organizations rather than direct services.
Why have the foundation's assets consistently declined from $412,666 in 2013 to $339,672 in 2023?
The consistent decline in assets is primarily due to expenses frequently exceeding revenue, as seen in periods like 202312 (expenses $48,603 vs. revenue $8,423) and 201912 (expenses $19,439 vs. revenue $3,897), indicating the foundation is spending down its principal.
What accounts for the significant expense of $48,603 in 2023, especially compared to revenue of $8,423?
The provided data does not offer a breakdown of the $48,603 in expenses for 2023. Without detailed expense categories (e.g., grants, administrative costs, investment fees), it's impossible to determine the specific allocation of these funds.
Why is 'Liabilities' consistently reported as $1 in most recent filings?
The consistent reporting of $1 in liabilities is unusual for a financial statement and could indicate a nominal placeholder or an error in reporting. It would require reviewing the full 990 form to understand the specific nature of this liability.
Filing History
IRS 990 filing history for Samuel Finkel Charitable Foundation Tr showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Samuel Finkel Charitable Foundation Tr's revenue has declined by 76.7%, moving from $36K to $8K. Total assets decreased by 17.7% over the same period, from $413K to $340K. Total functional expenses rose by 103.3%, from $24K to $49K. In its most recent filing year (2023), Samuel Finkel Charitable Foundation Tr reported a deficit of $40K, with expenses exceeding revenue. The organization holds $1 in liabilities against $340K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $340K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $49K | $340K | $1 | — | — |
| 2022 | $12K | $0 | $380K | $1 | — | View 990 |
| 2021 | $16K | $19K | $384K | $1 | — | View 990 |
| 2020 | $14K | $18K | $387K | $1 | — | — |
| 2019 | $4K | $19K | $392K | $1 | — | View 990 |
| 2015 | $16K | $25K | $398K | $1 | — | View 990 |
| 2014 | $20K | $25K | $407K | $1 | — | View 990 |
| 2013 | $36K | $24K | $413K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $49K, and assets of $340K (revenue -30.9% year-over-year).
- 2022: Revenue of $12K, expenses of $0, and assets of $380K (revenue -25.5% year-over-year).
- 2021: Revenue of $16K, expenses of $19K, and assets of $384K (revenue +18.2% year-over-year).
- 2020: Revenue of $14K, expenses of $18K, and assets of $387K (revenue +255.0% year-over-year).
- 2019: Revenue of $4K, expenses of $19K, and assets of $392K (revenue -75.8% year-over-year).
- 2015: Revenue of $16K, expenses of $25K, and assets of $398K (revenue -17.9% year-over-year).
- 2014: Revenue of $20K, expenses of $25K, and assets of $407K (revenue -45.8% year-over-year).
- 2013: Revenue of $36K, expenses of $24K, and assets of $413K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Samuel Finkel Charitable Foundation Tr:
Data Sources and Methodology
This transparency report for Samuel Finkel Charitable Foundation 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.