William H Olson M D Scholarship Tr
William H Olson M D Scholarship Tr maintains stable asset growth with minimal liabilities and no executive compensation.
EIN: 206202481 · Campbellsvlle, KY · NTEE: B82 · Updated: 2026-03-28
Is William H Olson M D Scholarship Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William H Olson M D Scholarship Tr directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William H Olson M D Scholarship Tr
William H Olson M D Scholarship Tr (EIN: 206202481) is a nonprofit organization based in Campbellsvlle, KY, classified under NTEE code B82. The organization reported total revenue of $58K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William H Olson M D Scholarship Tr'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 William H Olson M D Scholarship Tr with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, William H Olson M D Scholarship Tr allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are diverted to officer salaries, which is highly commendable for an organization of its size and mission.
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 William H Olson M D Scholarship Tr:
- Strong program spending (100% of expenses directed to programs)
- Consistent asset growth over the past decade
- Minimal liabilities, often reported as $1
- Zero executive compensation reported across all filings
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about William H Olson M D Scholarship Tr
Is William H Olson M D Scholarship Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, William H Olson M D Scholarship Tr (EIN: 206202481) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does William H Olson M D Scholarship Tr spend its money?
William H Olson M D Scholarship Tr directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to William H Olson M D Scholarship Tr tax-deductible?
William H Olson M D Scholarship Tr is registered as a tax-exempt nonprofit (EIN: 206202481). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is William H Olson M D Scholarship Tr a good charity?
Yes, based on its consistent asset growth, minimal liabilities, and 0% officer compensation, it appears to be a very well-managed and efficient charity focused on its scholarship mission.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $1,312,159 in 2011 to $1,436,122 in 2023, demonstrating effective long-term financial stewardship.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a commitment to directing all resources towards its programmatic goals rather than administrative salaries.
Filing History
IRS 990 filing history for William H Olson M D Scholarship Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William H Olson M D Scholarship Tr's revenue has declined by 34.2%, moving from $56K to $37K. Total assets increased by 9.4% over the same period, from $1.3M to $1.4M. Total functional expenses fell by 19.8%, from $38K to $30K. In its most recent filing year (2023), William H Olson M D Scholarship Tr reported a surplus of $7K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $37K | $30K | $1.4M | $1 | — | — |
| 2022 | $23K | $31K | $1.4M | $1 | — | View 990 |
| 2021 | $24K | $17K | $1.4M | $1 | — | — |
| 2020 | $26K | $17K | $1.4M | $1 | — | — |
| 2019 | $49K | $16K | $1.4M | $1 | — | View 990 |
| 2015 | $45K | $24K | $1.4M | $11K | — | View 990 |
| 2014 | $44K | $27K | $1.3M | $16K | — | View 990 |
| 2013 | $45K | $26K | $1.3M | $4K | — | View 990 |
| 2012 | $43K | $31K | $1.3M | $28K | — | View 990 |
| 2011 | $56K | $38K | $1.3M | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37K, expenses of $30K, and assets of $1.4M (revenue +62.0% year-over-year).
- 2022: Revenue of $23K, expenses of $31K, and assets of $1.4M (revenue -6.3% year-over-year).
- 2021: Revenue of $24K, expenses of $17K, and assets of $1.4M (revenue -5.6% year-over-year).
- 2020: Revenue of $26K, expenses of $17K, and assets of $1.4M (revenue -47.6% year-over-year).
- 2019: Revenue of $49K, expenses of $16K, and assets of $1.4M (revenue +10.8% year-over-year).
- 2015: Revenue of $45K, expenses of $24K, and assets of $1.4M (revenue +1.2% year-over-year).
- 2014: Revenue of $44K, expenses of $27K, and assets of $1.3M (revenue -2.1% year-over-year).
- 2013: Revenue of $45K, expenses of $26K, and assets of $1.3M (revenue +3.9% year-over-year).
- 2012: Revenue of $43K, expenses of $31K, and assets of $1.3M (revenue -23.1% year-over-year).
- 2011: Revenue of $56K, expenses of $38K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for William H Olson M D Scholarship 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.