Daniel E Offutt Iii Charitable Tr
EIN: 476799671 · Sarasota, FL · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $10.0M |
| Net Assets | $2.8M |
Is Daniel E Offutt Iii Charitable Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Daniel E Offutt Iii Charitable Tr
Daniel E Offutt Iii Charitable Tr (EIN: 476799671) is a nonprofit organization based in Sarasota, FL, classified under NTEE code T20. The organization reported total revenue of $6.5M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daniel E Offutt Iii Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daniel E Offutt Iii Charitable Tr is a mid-size nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2019–2020). Revenue has grown at a compound annual rate of 1082.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.8M |
| Total Expenses | $10.0M |
| Surplus / Deficit | $-257,189 |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.3 months |
Financial Health Grade: B
In 2020, Daniel E Offutt Iii Charitable Tr reported a deficit of $257K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 2 years of filings (2019–2020), Daniel E Offutt Iii Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 1082.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +1082.8% | +361.5% | -8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Daniel E Offutt Iii Charitable Tr has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Daniel E Offutt Iii Charitable Tr with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $257K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Daniel E Offutt Iii Charitable Tr
Is Daniel E Offutt Iii Charitable Tr a legitimate charity?
Daniel E Offutt Iii Charitable Tr (EIN: 476799671) is a registered tax-exempt nonprofit based in Florida. It has 2 years of IRS 990 filings on record. Total revenue: $6.5M. No red flags identified. Financial health grade: B.
How does Daniel E Offutt Iii Charitable Tr spend its money?
Daniel E Offutt Iii Charitable Tr reported $6.5M in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Daniel E Offutt Iii Charitable Tr tax-deductible?
Daniel E Offutt Iii Charitable Tr is registered as a tax-exempt nonprofit (EIN: 476799671). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Daniel E Offutt Iii Charitable Tr located?
Daniel E Offutt Iii Charitable Tr is headquartered in Sarasota, Florida and files with the IRS under EIN 476799671. It is classified under NTEE code T20.
How many years of IRS 990 filings does Daniel E Offutt Iii Charitable Tr have?
Daniel E Offutt Iii Charitable Tr has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $6.5M in total revenue.
Filing History
IRS 990 filing history for Daniel E Offutt Iii Charitable Tr showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2019–2020), Daniel E Offutt Iii Charitable Tr's revenue has grown by 1082.8%, moving from $824K to $9.8M. Total assets decreased by 8.5% over the same period, from $3.0M to $2.8M. Total functional expenses rose by 361.5%, from $2.2M to $10.0M. In its most recent filing year (2020), Daniel E Offutt Iii Charitable Tr reported a deficit of $257K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $9.8M | $10.0M | $2.8M | $1 | — | — |
| 2019 | $824K | $2.2M | $3.0M | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Daniel E Offutt Iii Charitable Tr:
Data Sources and Methodology
This transparency report for Daniel E Offutt Iii Charitable 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.