Carleton Trust Dd 050983
Carleton Trust Dd 050983 maintains substantial assets despite recent operating deficits and zero officer compensation.
EIN: 136843024 · Chicago, IL · NTEE: B110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.6M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $23 |
| Net Assets | $23.8M |
| Transparency Score | 85/100 |
Is Carleton Trust Dd 050983 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carleton Trust Dd 050983 directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carleton Trust Dd 050983
Carleton Trust Dd 050983 (EIN: 136843024) is a nonprofit organization based in Chicago, IL, classified under NTEE code B110. The organization reported total revenue of $9.6M and total assets of $25.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carleton Trust Dd 050983's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carleton Trust Dd 050983 is a mid-size nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $819K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-331,318 |
| Total Assets | $23.8M |
| Net Assets | $23.8M |
| Operating Margin | -40.5% |
| Months of Reserves | 248.7 months |
Financial Health Grade: B
In 2024, Carleton Trust Dd 050983 reported a deficit of $331K with expenses exceeding revenue, holds 248.7 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Carleton Trust Dd 050983's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +52.1% | -5.5% | -1.4% |
| 2023 | -5.4% | -0.7% | -2.7% |
| 2022 | -90.5% | +5.3% | -2.6% |
| 2021 | +346.2% | +23.6% | +23.5% |
| 2020 | -6.1% | -17.1% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carleton Trust Dd 050983 with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Carleton Trust Dd 050983 allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $331K, with expenses exceeding revenue.
Executive Compensation Analysis
Carleton Trust Dd 050983 consistently reports 0% officer compensation across all 14 filings, indicating that its leadership is either unpaid or compensated through non-officer roles, which is highly unusual for an organization with assets exceeding $23 million.
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 Carleton Trust Dd 050983's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202406, 202306, 202206) where expenses exceed revenue, potentially drawing down assets.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Carleton Trust Dd 050983:
- Substantial asset base ($23,840,917 in 202406) provides strong financial stability.
- Zero reported liabilities across all filings indicates excellent financial health and no debt burden.
- Consistent reporting of 0% officer compensation suggests a highly efficient or volunteer-led executive structure.
- Long history of consistent IRS 990 filings (14 filings) demonstrates strong transparency.
- Stable expense levels (around $1.1-$1.2 million annually) indicate predictable operational costs.
Frequently Asked Questions about Carleton Trust Dd 050983
Is Carleton Trust Dd 050983 a legitimate charity?
Carleton Trust Dd 050983 (EIN: 136843024) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $9.6M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Carleton Trust Dd 050983 spend its money?
Carleton Trust Dd 050983 directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Carleton Trust Dd 050983 tax-deductible?
Carleton Trust Dd 050983 is registered as a tax-exempt nonprofit (EIN: 136843024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carleton Trust Dd 050983 CEO make?
Carleton Trust Dd 050983's highest-compensated officer earns $23 annually. The organization reported $9.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Carleton Trust Dd 050983's spending goes to programs?
Carleton Trust Dd 050983 directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carleton Trust Dd 050983 compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Carleton Trust Dd 050983 is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carleton Trust Dd 050983 located?
Carleton Trust Dd 050983 is headquartered in Chicago, Illinois and files with the IRS under EIN 136843024. It is classified under NTEE code B110.
How many years of IRS 990 filings does Carleton Trust Dd 050983 have?
Carleton Trust Dd 050983 has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9.6M in total revenue.
How does Carleton Trust Dd 050983 cover its operating deficits?
The organization likely covers its operating deficits, such as the $331,318 deficit in 202406 (Expenses $1,150,228 - Revenue $818,910), by drawing from its substantial asset base, which was $23,840,917 in 202406.
What is the nature of the organization's expenses given zero officer compensation?
Given zero officer compensation, the expenses of Carleton Trust Dd 050983, which were $1,150,228 in 202406, likely consist of program costs, administrative overhead (e.g., legal, accounting, office expenses), and potentially external management fees or grants to other organizations, rather than direct executive salaries.
Why was there a significant revenue spike in 202106?
The significant revenue spike to $6,012,030 in 202106, compared to typical annual revenues around $1 million, suggests a large one-time donation, investment gain, or a specific grant received in that period.
Filing History
IRS 990 filing history for Carleton Trust Dd 050983 showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Carleton Trust Dd 050983's revenue has declined by 13.7%, moving from $948K to $819K. Total assets increased by 39.2% over the same period, from $17.1M to $23.8M. Total functional expenses rose by 74.7%, from $658K to $1.2M. In its most recent filing year (2024), Carleton Trust Dd 050983 reported a deficit of $331K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $819K | $1.2M | $23.8M | $0 | — | View 990 |
| 2023 | $538K | $1.2M | $24.2M | $0 | — | View 990 |
| 2022 | $569K | $1.2M | $24.9M | $0 | — | View 990 |
| 2021 | $6.0M | $1.2M | $25.5M | $0 | — | View 990 |
| 2020 | $1.3M | $941K | $20.7M | $0 | — | View 990 |
| 2019 | $1.4M | $1.1M | $20.2M | $0 | — | View 990 |
| 2018 | $1.2M | $957K | $20.0M | $0 | — | — |
| 2017 | $1.3M | $1.0M | $19.7M | $0 | — | View 990 |
| 2016 | $893K | $963K | $19.5M | $0 | — | View 990 |
| 2015 | $1.6M | $970K | $19.5M | $0 | — | View 990 |
| 2014 | $1.4M | $781K | $18.8M | $0 | — | View 990 |
| 2013 | $1.5M | $734K | $18.3M | $0 | — | View 990 |
| 2012 | $1.1M | $689K | $17.5M | $0 | — | View 990 |
| 2011 | $948K | $658K | $17.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $819K, expenses of $1.2M, and assets of $23.8M (revenue +52.1% year-over-year).
- 2023: Revenue of $538K, expenses of $1.2M, and assets of $24.2M (revenue -5.4% year-over-year).
- 2022: Revenue of $569K, expenses of $1.2M, and assets of $24.9M (revenue -90.5% year-over-year).
- 2021: Revenue of $6.0M, expenses of $1.2M, and assets of $25.5M (revenue +346.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $941K, and assets of $20.7M (revenue -6.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.1M, and assets of $20.2M (revenue +15.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $957K, and assets of $20.0M (revenue -4.2% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.0M, and assets of $19.7M (revenue +45.5% year-over-year).
- 2016: Revenue of $893K, expenses of $963K, and assets of $19.5M (revenue -44.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $970K, and assets of $19.5M (revenue +17.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $781K, and assets of $18.8M (revenue -12.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $734K, and assets of $18.3M (revenue +45.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $689K, and assets of $17.5M (revenue +11.9% year-over-year).
- 2011: Revenue of $948K, expenses of $658K, and assets of $17.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carleton Trust Dd 050983:
Data Sources and Methodology
This transparency report for Carleton Trust Dd 050983 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.