Trust Uw Margaret Kennedy Nect
Trust Uw Margaret Kennedy Nect maintains stable assets but frequently reports expenses exceeding revenue.
EIN: 16027394 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $260K |
| Total Expenses | $26K |
| Program Spending | 85% |
| Net Assets | $334K |
| Transparency Score | 70/100 |
Is Trust Uw Margaret Kennedy Nect Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trust Uw Margaret Kennedy Nect directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trust Uw Margaret Kennedy Nect
Trust Uw Margaret Kennedy Nect (EIN: 16027394) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $260K and total assets of $344K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trust Uw Margaret Kennedy Nect's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trust Uw Margaret Kennedy Nect is a small nonprofit that has been operating for 56 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $26K |
| Surplus / Deficit | $-12,507 |
| Total Assets | $334K |
| Total Liabilities | $1 |
| Net Assets | $334K |
| Operating Margin | -89.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 151.6 months |
Financial Health Grade: B
In 2024, Trust Uw Margaret Kennedy Nect reported a deficit of $13K with expenses exceeding revenue, holds 151.6 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 (2012–2024), Trust Uw Margaret Kennedy Nect's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -109.5% | +36.0% | -10.0% |
| 2022 | +200.5% | +4.4% | +4.3% |
| 2021 | -4.7% | -9.3% | +15.2% |
| 2020 | +672.5% | +63.0% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 Trust Uw Margaret Kennedy Nect with a Mission Score of 70 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, Trust Uw Margaret Kennedy Nect 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly efficient for a nonprofit of this size.
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 Trust Uw Margaret Kennedy Nect's IRS 990 filings:
- Frequent periods where expenses exceed revenue, potentially drawing down assets (e.g., 202404: Expenses $26,414 vs. Revenue $13,907; 202304: Expenses $30,950 vs. Revenue $-7,062).
- Negative revenue reported in one period (202304: $-7,062), which warrants further investigation into its financial operations.
- Unknown NTEE code and lack of detailed program descriptions make it difficult to understand its specific mission and impact.
Strengths
The following positive indicators were identified for Trust Uw Margaret Kennedy Nect:
- Consistent reporting of 0% officer compensation, indicating highly efficient administrative spending.
- Stable asset base, generally ranging between $300,000 and $380,000, suggesting long-term financial stability.
- Minimal to zero liabilities across all filings, indicating a healthy balance sheet and no significant debt burden.
- Consistent IRS 990 filing history, demonstrating good compliance and transparency in reporting.
Frequently Asked Questions about Trust Uw Margaret Kennedy Nect
Is Trust Uw Margaret Kennedy Nect a legitimate charity?
Trust Uw Margaret Kennedy Nect (EIN: 16027394) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $260K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Trust Uw Margaret Kennedy Nect spend its money?
Trust Uw Margaret Kennedy Nect directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Trust Uw Margaret Kennedy Nect tax-deductible?
Trust Uw Margaret Kennedy Nect is registered as a tax-exempt nonprofit (EIN: 16027394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Trust Uw Margaret Kennedy Nect located?
Trust Uw Margaret Kennedy Nect is headquartered in Portland, Maine and files with the IRS under EIN 16027394.
How many years of IRS 990 filings does Trust Uw Margaret Kennedy Nect have?
Trust Uw Margaret Kennedy Nect 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 $260K in total revenue.
Is Trust Uw Margaret Kennedy Nect a good charity?
Based on the available data, the trust demonstrates strong financial stability with consistent assets and no executive compensation. However, without detailed program information, it's challenging to fully assess its charitable impact. Its financial operations suggest it may be a private trust with specific beneficiaries or grant-making activities.
Why does the organization have negative revenue in some years?
The negative revenue reported in periods like 202304 ($-7,062) could be due to investment losses, adjustments, or specific accounting treatments for certain types of income or asset dispositions. It indicates that the organization's income from its primary activities or investments was less than zero for that period.
How does the organization cover its expenses when revenue is low?
When expenses exceed revenue, as seen in multiple periods (e.g., 202404, 202304), the organization likely covers the difference by drawing down its existing assets or relying on investment gains that might not be categorized as 'revenue' in these summary figures, or through principal distributions from the trust.
Filing History
IRS 990 filing history for Trust Uw Margaret Kennedy Nect showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Trust Uw Margaret Kennedy Nect's revenue has declined by 33.5%, moving from $21K to $14K. Total assets increased by 9.1% over the same period, from $306K to $334K. Total functional expenses rose by 41.9%, from $19K to $26K. In its most recent filing year (2024), Trust Uw Margaret Kennedy Nect reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $334K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $334K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $14K | $26K | $334K | $1 | — | View 990 |
| 2023 | $-7,062 | $31K | $343K | $1 | — | View 990 |
| 2022 | $74K | $23K | $381K | $1 | — | View 990 |
| 2021 | $25K | $22K | $365K | $1 | — | — |
| 2020 | $26K | $24K | $317K | $0 | — | View 990 |
| 2016 | $3K | $15K | $322K | $0 | — | View 990 |
| 2015 | $13K | $17K | $334K | $0 | — | View 990 |
| 2014 | $31K | $18K | $335K | $0 | — | View 990 |
| 2013 | $34K | $17K | $327K | $0 | — | View 990 |
| 2012 | $21K | $19K | $306K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $14K, expenses of $26K, and assets of $334K.
- 2023: Revenue of $-7,062, expenses of $31K, and assets of $343K (revenue -109.5% year-over-year).
- 2022: Revenue of $74K, expenses of $23K, and assets of $381K (revenue +200.5% year-over-year).
- 2021: Revenue of $25K, expenses of $22K, and assets of $365K (revenue -4.7% year-over-year).
- 2020: Revenue of $26K, expenses of $24K, and assets of $317K (revenue +672.5% year-over-year).
- 2016: Revenue of $3K, expenses of $15K, and assets of $322K (revenue -74.8% year-over-year).
- 2015: Revenue of $13K, expenses of $17K, and assets of $334K (revenue -57.4% year-over-year).
- 2014: Revenue of $31K, expenses of $18K, and assets of $335K (revenue -8.5% year-over-year).
- 2013: Revenue of $34K, expenses of $17K, and assets of $327K (revenue +64.0% year-over-year).
- 2012: Revenue of $21K, expenses of $19K, and assets of $306K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trust Uw Margaret Kennedy Nect:
Data Sources and Methodology
This transparency report for Trust Uw Margaret Kennedy Nect 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.