Richard Gwathmey and Caroline T Gwathmey Memorial Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Richard Gwathmey and Caroline T Gwathmey Memorial Trust is a 501(c)(3) organization based in Dallas, Texas, registered in 1982, with $1,251,183 in FY2024 revenue. CharityIndex grades it C+.
Po Box 653067, Dallas, TX, 75265 EIN 54-6191586 Since 1982
Revenue (FY2024)
$1.3M
▲ 161.3% vs prior year
Expenses (FY2024)
$1.0M
Net assets
$13.5M
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 Richard Gwathmey and Caroline T Gwathmey Memorial Trust— 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 rating161 mo reserves · +20% 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 Richard Gwathmey and Caroline T Gwathmey Memorial Trust: 161 mo reserves · +20% 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 Richard Gwathmey and Caroline T Gwathmey Memorial 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 Richard Gwathmey and Caroline T Gwathmey Memorial Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $650K (FY2019) to $1.3M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $13.5M
Operating margin
19.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$13.5M
Total liabilities
$0
Net assets
$13.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,251,183▲161% | $1,004,904▲9.2% | $13,482,936▲1.9% | $13,482,936▲1.9% | 990PF |
| 2023 | $478,770▲30.3% | $920,250▼2.6% | $13,225,645▼2.6% | $13,225,645▼2.6% | 990PF |
| 2022 | $367,389▼80.3% | $945,112▼30.0% | $13,572,618▼2.0% | $13,572,618▼2.0% | 990PF |
| 2021 | $1,865,306▲102% | $1,349,965▲155% | $13,843,724▼3.7% | $13,843,724▼3.7% | 990PF |
| 2020 | $924,964▲42.3% | $529,423▼54.3% | $14,375,497▲9.9% | $14,375,497▲9.9% | 990PF |
| 2019 | $650,092 | $1,159,417 | $13,084,188 | $13,084,188 | 990PF |
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.
Frequently asked questions
- Is Richard Gwathmey and Caroline T Gwathmey Memorial Trust a legitimate nonprofit?
- Yes. Richard Gwathmey and Caroline T Gwathmey Memorial Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 54-6191586, based in Dallas, Texas. Donations are tax-deductible.
- What is Richard Gwathmey and Caroline T Gwathmey Memorial Trust's EIN?
- Richard Gwathmey and Caroline T Gwathmey Memorial Trust's Employer Identification Number (EIN) is 54-6191586.
- How much revenue does Richard Gwathmey and Caroline T Gwathmey Memorial Trust report?
- Richard Gwathmey and Caroline T Gwathmey Memorial Trust reported $1,251,183 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard Gwathmey and Caroline T Gwathmey Memorial Trust have?
- CharityIndex grades Richard Gwathmey and Caroline T Gwathmey Memorial Trust C+, based on financial health (reserves and operating margin).
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Data for Richard Gwathmey and Caroline T Gwathmey Memorial Trust (EIN 54-6191586) 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.