The@Charles Mitchell Scholarship Trust
The Charles Mitchell Scholarship Trust maintains strong assets and zero officer compensation, with fluctuating but generally sufficient revenue to cover expenses.
EIN: 137105970 · Chicago, IL · NTEE: B82J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $346K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.9M |
| Transparency Score | 92/100 |
Is The@Charles Mitchell Scholarship Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The@Charles Mitchell Scholarship Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The@Charles Mitchell Scholarship Trust
The@Charles Mitchell Scholarship Trust (EIN: 137105970) is a nonprofit organization based in Chicago, IL, classified under NTEE code B82J. The organization reported total revenue of $1.4M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The@Charles Mitchell Scholarship Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The@Charles Mitchell Scholarship Trust is a mid-size 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 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $346K |
| Surplus / Deficit | +$54K |
| Total Assets | $4.9M |
| Total Liabilities | $1 |
| Net Assets | $4.9M |
| Operating Margin | 13.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 169.7 months |
Financial Health Grade: A
In 2023, The@Charles Mitchell Scholarship Trust reported a surplus of $54K with revenue exceeding expenses, holds 169.7 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), The@Charles Mitchell Scholarship Trust's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.8% | -14.8% | +1.1% |
| 2022 | -58.6% | +21.0% | -3.8% |
| 2021 | +6.4% | +14.6% | +3.6% |
| 2020 | +14.3% | -13.1% | +3.9% |
| 2019 | +164.3% | +1.6% | +0.3% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The@Charles Mitchell Scholarship Trust with a Mission Score of 92 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, The@Charles Mitchell Scholarship Trust 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the trust, which is highly efficient for an organization of its size with assets nearing $5 million.
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 The@Charles Mitchell Scholarship Trust:
- Consistent and substantial asset base, reaching $4,957,637, providing long-term financial stability.
- Zero officer compensation reported across all filings, indicating exceptional administrative efficiency and dedication to mission.
- Minimal liabilities ($0 or $1 across all filings) demonstrating a very healthy balance sheet and low financial risk.
- Strong program focus implied by the NTEE code and lack of executive compensation, suggesting resources are directed to beneficiaries.
- Long history of IRS 990 filings (10 filings), indicating transparency and consistent compliance.
Frequently Asked Questions about The@Charles Mitchell Scholarship Trust
Is The@Charles Mitchell Scholarship Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, The@Charles Mitchell Scholarship Trust (EIN: 137105970) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does The@Charles Mitchell Scholarship Trust spend its money?
The@Charles Mitchell Scholarship Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The@Charles Mitchell Scholarship Trust tax-deductible?
The@Charles Mitchell Scholarship Trust is registered as a tax-exempt nonprofit (EIN: 137105970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The@Charles Mitchell Scholarship Trust CEO make?
The@Charles Mitchell Scholarship Trust's highest-compensated officer earns $5 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The@Charles Mitchell Scholarship Trust compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The@Charles Mitchell Scholarship Trust is above average for NTEE category B82J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The@Charles Mitchell Scholarship Trust located?
The@Charles Mitchell Scholarship Trust is headquartered in Chicago, Illinois and files with the IRS under EIN 137105970. It is classified under NTEE code B82J.
How many years of IRS 990 filings does The@Charles Mitchell Scholarship Trust have?
The@Charles Mitchell Scholarship Trust 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 $1.4M in total revenue.
How does The Charles Mitchell Scholarship Trust manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the trust is likely managed by volunteers, or its administrative functions are handled by an external entity or endowment management firm without direct salary payments to officers from the trust's operational budget. This is a highly efficient model for a scholarship trust.
What is the primary source of the trust's revenue, given its fluctuations?
While not explicitly stated in the provided data, the fluctuating revenue (e.g., $209,695 in 2022 vs. $1,440,971 in the latest period) for a scholarship trust with substantial assets often indicates reliance on investment income, donations, or a combination thereof. The significant jump in the latest revenue suggests a potentially strong investment year or a large one-time contribution.
How much does the trust spend directly on scholarships or program services annually?
The provided data shows total expenses, but not a specific breakdown of program service expenses. Given the NTEE code B82J (Scholarships & Student Financial Aid) and the trust's mission, it is highly probable that a significant portion of its expenses, likely over 90% based on the zero officer compensation, goes directly to scholarships or related program services.
Filing History
IRS 990 filing history for The@Charles Mitchell Scholarship Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The@Charles Mitchell Scholarship Trust's revenue has grown by 22.4%, moving from $327K to $400K. Total assets increased by 1.8% over the same period, from $4.8M to $4.9M. Total functional expenses rose by 14.6%, from $302K to $346K. In its most recent filing year (2023), The@Charles Mitchell Scholarship Trust reported a surplus of $54K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $400K | $346K | $4.9M | $1 | — | View 990 |
| 2022 | $210K | $406K | $4.8M | $1 | — | View 990 |
| 2021 | $506K | $336K | $5.0M | $1 | — | View 990 |
| 2020 | $476K | $293K | $4.9M | $1 | — | — |
| 2019 | $416K | $337K | $4.7M | $0 | — | View 990 |
| 2015 | $157K | $332K | $4.7M | $0 | — | View 990 |
| 2014 | $392K | $358K | $4.8M | $0 | — | View 990 |
| 2013 | $442K | $320K | $4.8M | $0 | — | View 990 |
| 2012 | $188K | $308K | $4.7M | $0 | — | View 990 |
| 2011 | $327K | $302K | $4.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $400K, expenses of $346K, and assets of $4.9M (revenue +90.8% year-over-year).
- 2022: Revenue of $210K, expenses of $406K, and assets of $4.8M (revenue -58.6% year-over-year).
- 2021: Revenue of $506K, expenses of $336K, and assets of $5.0M (revenue +6.4% year-over-year).
- 2020: Revenue of $476K, expenses of $293K, and assets of $4.9M (revenue +14.3% year-over-year).
- 2019: Revenue of $416K, expenses of $337K, and assets of $4.7M (revenue +164.3% year-over-year).
- 2015: Revenue of $157K, expenses of $332K, and assets of $4.7M (revenue -59.9% year-over-year).
- 2014: Revenue of $392K, expenses of $358K, and assets of $4.8M (revenue -11.2% year-over-year).
- 2013: Revenue of $442K, expenses of $320K, and assets of $4.8M (revenue +134.7% year-over-year).
- 2012: Revenue of $188K, expenses of $308K, and assets of $4.7M (revenue -42.4% year-over-year).
- 2011: Revenue of $327K, expenses of $302K, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The@Charles Mitchell Scholarship Trust:
Data Sources and Methodology
This transparency report for The@Charles Mitchell Scholarship Trust 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.