Research & Education Trust
Only null% goes to programs Strong reserves
Research & Education Trust is a 501(c)(3) organization based in Augusta, Maine, registered in 1973, with $238,515 in FY2024 revenue. CharityIndex grades it C+.
33 Fuller Street, Augusta, ME, 04330 EIN 23-7257058 Since 1973
Revenue (FY2024)
$239K
▲ 0.3% vs prior year
Health median: $840K
Expenses (FY2024)
$179K
Net assets
$118K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Research & Education Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +25% 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 Research & Education Trust: 8 mo reserves · +25% margin earns a A 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 Research & Education Trust— 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 Research & Education Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 33 Fuller Street, Augusta, ME, 04330
- City
- Augusta
- State
- Maine
- Category
- Health Care
- Subcategory
- Hospitals
Financial trends
Revenue grew from $175K (FY2012) to $239K (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $118K
Operating margin
24.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$118K
Total liabilities
$0
Net assets
$118K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $238,515▲0.3% | $179,068▼2.9% | $118,485▲101% | $118,485▲101% | 990 |
| 2023 | $237,700▲27.8% | $184,475▼15.0% | $59,038▲916% | $59,038▲916% | 990 |
| 2022 | $186,000▼13.8% | $217,034▲3.0% | $5,813▼84.2% | $5,813▼88.7% | 990 |
| 2021 | $215,679▲0.6% | $210,681▲1.7% | $36,847▲15.7% | $51,643▼18.1% | 990 |
| 2020 | $214,296▲1.2% | $207,186▼2.2% | $31,849▲28.7% | $63,086▲76.3% | 990 |
| 2019 | $211,671▲0.1% | $211,861▲3.8% | $24,739▼0.8% | $35,791▼42.0% | 990 |
| 2018 | $211,470▲2.6% | $204,133▲2.7% | $24,930▲41.7% | $61,746▲63.3% | 990 |
| 2017 | $206,131▲1.7% | $198,676▲3.0% | $17,593▲73.5% | $37,800▼30.2% | 990 |
| 2016 | $202,755▲5.1% | $192,976▲2.4% | $10,138▲2724% | $54,125▲91.5% | 990 |
| 2015 | $193,000▲6.6% | $188,544▲6.0% | $359▲109% | $28,259▼34.9% | 990EZ |
| 2014 | $181,036 | $177,879▼16.9% | -$4,097▲43.5% | $43,399▲68.1% | 990EZ |
| 2013 | $180,981▲3.2% | $213,987▲10.8% | -$7,254▼128% | $25,825▲0.3% | 990EZ |
| 2012 | $175,310 | $193,125▼56.1% | $25,752▼40.9% | $25,752▼42.5% | 990EZ |
| 2011 | — | $440,006▲0.8% | $43,567▲24.7% | $44,797▲0.4% | 990 |
| 2010 | — | $436,595▲3.3% | $34,926▲1089% | $44,640▲25.3% | 990 |
| 2009 | — | $422,662 | $2,938 | $35,638 | 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 Research & Education Trust a legitimate nonprofit?
- Yes. Research & Education Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7257058, based in Augusta, Maine. Donations are tax-deductible.
- What is Research & Education Trust's EIN?
- Research & Education Trust's Employer Identification Number (EIN) is 23-7257058.
- How much revenue does Research & Education Trust report?
- Research & Education Trust reported $238,515 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Research & Education Trust have?
- CharityIndex grades Research & Education Trust C+, based on financial health (reserves and operating margin).
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Data for Research & Education Trust (EIN 23-7257058) 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.