Wagner Charitable Trust Bank Of America Na
Wagner Charitable Trust shows minimal financial activity and declining assets.
EIN: 166363118 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $20 |
| Net Assets | $1K |
| Transparency Score | 10/100 |
Is Wagner Charitable Trust Bank Of America Na Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wagner Charitable Trust Bank Of America Na
Wagner Charitable Trust Bank Of America Na (EIN: 166363118) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wagner Charitable Trust Bank Of America Na's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wagner Charitable Trust Bank Of America Na is a micro nonprofit, with 4 years of IRS 990 filings on record (2012–2015).
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $20 |
| Surplus / Deficit | $-19 |
| Total Assets | $1K |
| Total Liabilities | $1 |
| Net Assets | $1K |
| Operating Margin | -1900.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 743.4 months |
Financial Health Grade: B
In 2015, Wagner Charitable Trust Bank Of America Na reported a deficit of $19 with expenses exceeding revenue, holds 743.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -75.0% | +25.0% | -1.6% |
| 2014 | -60.0% | -99.7% | -0.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wagner Charitable Trust Bank Of America Na with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Wagner Charitable Trust Bank Of America Na allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0%, indicating that no salaries are paid to officers, which is typical for a small, passively managed trust.
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 Wagner Charitable Trust Bank Of America Na's IRS 990 filings:
- Consistently very low or negative revenue
- Declining asset base over time
- High expenses relative to revenue in earlier years (e.g., 2012 and 2013)
Strengths
The following positive indicators were identified for Wagner Charitable Trust Bank Of America Na:
- No officer compensation reported, indicating efficient management of personnel costs
Frequently Asked Questions about Wagner Charitable Trust Bank Of America Na
Is Wagner Charitable Trust Bank Of America Na a legitimate charity?
Wagner Charitable Trust Bank Of America Na (EIN: 166363118) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 10/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Wagner Charitable Trust Bank Of America Na spend its money?
Wagner Charitable Trust Bank Of America Na reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wagner Charitable Trust Bank Of America Na tax-deductible?
Wagner Charitable Trust Bank Of America Na is registered as a tax-exempt nonprofit (EIN: 166363118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wagner Charitable Trust Bank Of America Na located?
Wagner Charitable Trust Bank Of America Na is headquartered in Providence, Rhode Island and files with the IRS under EIN 166363118.
How many years of IRS 990 filings does Wagner Charitable Trust Bank Of America Na have?
Wagner Charitable Trust Bank Of America Na has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What is the primary purpose of the Wagner Charitable Trust Bank Of America Na?
Based on the financial data, the trust appears to have very limited activity, with minimal revenue and declining assets. Its primary purpose is not evident from the provided financial figures alone, but it functions as a charitable trust.
Why are the revenues so low, and sometimes negative?
The extremely low and occasionally negative revenue figures suggest that the trust may be generating very little income from its assets, or that its income is offset by investment losses or administrative fees before distribution.
How does the trust manage its expenses with such low revenue?
In years with higher expenses (e.g., $5,637 in 2012 and $5,519 in 2013), the trust likely covered these costs by drawing down its assets, as revenue was insufficient to cover them. In later years, expenses were significantly reduced to match the minimal revenue.
Filing History
IRS 990 filing history for Wagner Charitable Trust Bank Of America Na showing financial trends over 4 years of public records:
Total assets decreased by 81.7% over the same period, from $7K to $1K. Total functional expenses fell by 99.6%, from $6K to $20. In its most recent filing year (2015), Wagner Charitable Trust Bank Of America Na reported a deficit of $19, with expenses exceeding revenue. The organization holds $1 in liabilities against $1K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1 | $20 | $1K | $1 | — | View 990 |
| 2014 | $4 | $16 | $1K | $1 | — | View 990 |
| 2013 | $10 | $6K | $1K | $0 | — | View 990 |
| 2012 | $-273 | $6K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1, expenses of $20, and assets of $1K (revenue -75.0% year-over-year).
- 2014: Revenue of $4, expenses of $16, and assets of $1K (revenue -60.0% year-over-year).
- 2013: Revenue of $10, expenses of $6K, and assets of $1K.
- 2012: Revenue of $-273, expenses of $6K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wagner Charitable Trust Bank Of America Na:
Data Sources and Methodology
This transparency report for Wagner Charitable Trust Bank Of America Na 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.