Theodora S Gray Tr Uw
Theodora S Gray Tr Uw maintains stable assets but frequently spends more than its annual revenue.
EIN: 10497343 · Damariscotta, ME · NTEE: T22Z · Updated: 2026-03-28
Is Theodora S Gray Tr Uw Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theodora S Gray Tr Uw directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theodora S Gray Tr Uw
Theodora S Gray Tr Uw (EIN: 10497343) is a nonprofit organization based in Damariscotta, ME, classified under NTEE code T22Z. The organization reported total revenue of $76K and total assets of $441K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theodora S Gray Tr Uw's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Theodora S Gray Tr Uw with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 0%
According to IRS 990 filings, Theodora S Gray Tr Uw allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 a volunteer-led or very lean executive structure, which is highly efficient for an organization of its size with assets around $440,000.
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 Theodora S Gray Tr Uw's IRS 990 filings:
- Consistent deficit spending (e.g., 2024 expenses $24,553 vs. revenue $16,205)
- Lack of detailed expense breakdown in provided data
Strengths
The following positive indicators were identified for Theodora S Gray Tr Uw:
- Stable asset base (around $440,000)
- Zero officer compensation, indicating low overhead
- Minimal liabilities ($1 in recent years), showing good debt management
- Consistent IRS 990 filing history (10 filings), demonstrating transparency
Frequently Asked Questions about Theodora S Gray Tr Uw
Is Theodora S Gray Tr Uw a legitimate charity?
Based on AI analysis of IRS 990 filings, Theodora S Gray Tr Uw (EIN: 10497343) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Theodora S Gray Tr Uw spend its money?
Theodora S Gray Tr Uw directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Theodora S Gray Tr Uw tax-deductible?
Theodora S Gray Tr Uw is registered as a tax-exempt nonprofit (EIN: 10497343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Theodora S Gray Tr Uw financially sustainable given its recurring deficit spending?
The organization frequently reports expenses exceeding revenue (e.g., $24,553 expenses vs. $16,205 revenue in 2024). While its assets have remained stable around $440,000, sustained deficit spending could erode its principal over the long term if not balanced by periods of surplus or significant investment returns.
What are the primary expense categories for Theodora S Gray Tr Uw?
Without detailed expense breakdowns from the 990 forms, it's difficult to pinpoint exact categories. However, given the zero officer compensation and minimal liabilities, it's likely that the majority of expenses are either direct program grants/activities or essential administrative costs to manage its assets and operations.
How does the organization manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that its management services are provided pro bono or through an external entity without direct compensation to officers listed on the 990.
Filing History
IRS 990 filing history for Theodora S Gray Tr Uw showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Theodora S Gray Tr Uw's revenue has declined by 46.4%, moving from $30K to $16K. Total assets increased by 14.6% over the same period, from $378K to $433K. Total functional expenses fell by 0.9%, from $25K to $25K. In its most recent filing year (2024), Theodora S Gray Tr Uw reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1 in liabilities against $433K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $433K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $16K | $25K | $433K | $1 | — | — |
| 2023 | $16K | $28K | $441K | $1 | — | — |
| 2022 | $36K | $23K | $454K | $1 | — | — |
| 2021 | $16K | $24K | $441K | $1 | — | — |
| 2020 | $33K | $26K | $449K | $1 | — | View 990 |
| 2016 | $18K | $17K | $455K | $1 | — | View 990 |
| 2015 | $40K | $20K | $455K | $0 | — | View 990 |
| 2014 | $72K | $26K | $438K | $0 | — | View 990 |
| 2013 | $37K | $23K | $393K | $0 | — | View 990 |
| 2012 | $30K | $25K | $378K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $16K, expenses of $25K, and assets of $433K (revenue +4.4% year-over-year).
- 2023: Revenue of $16K, expenses of $28K, and assets of $441K (revenue -57.2% year-over-year).
- 2022: Revenue of $36K, expenses of $23K, and assets of $454K (revenue +120.2% year-over-year).
- 2021: Revenue of $16K, expenses of $24K, and assets of $441K (revenue -49.4% year-over-year).
- 2020: Revenue of $33K, expenses of $26K, and assets of $449K (revenue +85.6% year-over-year).
- 2016: Revenue of $18K, expenses of $17K, and assets of $455K (revenue -55.6% year-over-year).
- 2015: Revenue of $40K, expenses of $20K, and assets of $455K (revenue -45.1% year-over-year).
- 2014: Revenue of $72K, expenses of $26K, and assets of $438K (revenue +97.4% year-over-year).
- 2013: Revenue of $37K, expenses of $23K, and assets of $393K (revenue +20.8% year-over-year).
- 2012: Revenue of $30K, expenses of $25K, and assets of $378K.
Data Sources and Methodology
This transparency report for Theodora S Gray Tr Uw 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.