King-thomas Scholarship Tr
Only null% goes to programs Strong reserves Growing revenue
King-thomas Scholarship Tr is a 501(c)(3) organization based in Ashland, Maine, registered in 2002, with $120,990 in FY2024 revenue. CharityIndex grades it C+.
Po Box 289, Ashland, ME, 04732 EIN 01-6162280 Since 2002
Revenue (FY2024)
$121K
▲ 12.1% vs prior year
Education median: $200K
Expenses (FY2024)
$81K
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for King-thomas Scholarship Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating239 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For King-thomas Scholarship Tr: 239 mo reserves · +33% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for King-thomas Scholarship Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For King-thomas Scholarship Tr: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
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Contact & location
- Address
- Po Box 289, Ashland, ME, 04732
- City
- Ashland
- State
- Maine
- Category
- Education
- Subcategory
- Student Services & Aid
Financial trends
Revenue held steady from $121K (FY2013) to $121K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.6M
Operating margin
33.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$0
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $120,990▲12.1% | $80,500▼1.8% | $1,600,008▲10.0% | $1,600,008▲10.0% | 990 |
| 2023 | $107,978▲16.7% | $82,000▲21.0% | $1,454,599▼6.9% | $1,454,599▼6.9% | 990 |
| 2022 | $92,521▼1.1% | $67,765▲44.2% | $1,562,704▼6.8% | $1,562,704▼6.8% | 990 |
| 2021 | $93,519▲5.5% | $47,000▼29.6% | $1,677,613▲12.7% | $1,677,613▲12.7% | 990 |
| 2020 | $88,684▲0.1% | $66,725▼12.4% | $1,488,574▼6.6% | $1,488,574▼6.6% | 990 |
| 2019 | $88,582▲7.8% | $76,200▲9.4% | $1,593,856▲7.7% | $1,593,856▲7.7% | 990 |
| 2018 | $82,152▲8.3% | $69,675▲4.5% | $1,480,021▼16.5% | $1,480,021▼16.5% | 990 |
| 2017 | $75,838▲2.8% | $66,675▲21.2% | $1,772,092▲5.8% | $1,772,092▲5.8% | 990 |
| 2016 | $73,781▲3.2% | $55,000 | $1,674,693▲9.3% | $1,674,693▲9.3% | 990 |
| 2015 | $71,521▼69.8% | $55,000▼5.7% | $1,532,049▲5.9% | $1,532,049▲5.9% | 990 |
| 2014 | $237,028▲95.9% | $58,324▲103% | $1,446,984▲14.1% | $1,446,984▲14.1% | 990 |
| 2013 | $120,964 | $28,750▼35.4% | $1,268,280▲7.8% | $1,268,280▲7.8% | 990 |
| 2012 | — | $44,500▲67.6% | $1,176,066▲3.6% | $1,176,066▲3.6% | 990 |
| 2011 | — | $26,550▼29.2% | $1,134,901▲10.9% | $1,134,901▲10.9% | 990 |
| 2010 | — | $37,500 | $1,022,986 | $1,022,986 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is King-thomas Scholarship Tr a legitimate nonprofit?
- Yes. King-thomas Scholarship Tr is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-6162280, based in Ashland, Maine. Donations are tax-deductible.
- What is King-thomas Scholarship Tr's EIN?
- King-thomas Scholarship Tr's Employer Identification Number (EIN) is 01-6162280.
- How much revenue does King-thomas Scholarship Tr report?
- King-thomas Scholarship Tr reported $120,990 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does King-thomas Scholarship Tr have?
- CharityIndex grades King-thomas Scholarship Tr C+, based on financial health (reserves and operating margin).
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Data for King-thomas Scholarship Tr (EIN 01-6162280) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.