Daniel P And Grace I Tully Charitable Trust
Daniel P And Grace I Tully Charitable Trust: Declining Assets, Minimal Program Spending
EIN: 222804896 · Darien, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $558K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $3.3M |
| Transparency Score | 30/100 |
Is Daniel P And Grace I Tully Charitable Trust Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Daniel P And Grace I Tully Charitable Trust
Daniel P And Grace I Tully Charitable Trust (EIN: 222804896) is a nonprofit organization based in Darien, CT. The organization reported total revenue of $1.8M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daniel P And Grace I Tully Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daniel P And Grace I Tully Charitable Trust is a mid-size nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $558K |
| Surplus / Deficit | $-386,059 |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | -224.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 71.6 months |
Financial Health Grade: B
In 2023, Daniel P And Grace I Tully Charitable Trust reported a deficit of $386K with expenses exceeding revenue, holds 71.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Daniel P And Grace I Tully Charitable Trust's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.1% | -8.3% | -10.4% |
| 2022 | -35.1% | -27.5% | -12.0% |
| 2021 | -7.7% | +45.1% | +4.0% |
| 2020 | +746.9% | +7.4% | -0.7% |
| 2019 | -77.6% | +1.4% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1986 |
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 Daniel P And Grace I Tully Charitable Trust with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Daniel P And Grace I Tully Charitable Trust allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $386K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported, as the trust consistently lists $0 for compensation of officers, directors, trustees, key employees, and highest compensated employees.
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 Daniel P And Grace I Tully Charitable Trust's IRS 990 filings:
- Zero program spending reported across all available years, raising questions about the trust's charitable impact.
- Significant decline in assets over the past decade, from $4,335,458 in 2015 to $3,332,490 in 2023.
- Lack of detailed explanation for administrative expenses, which constitute 100% of reported expenditures.
Strengths
The following positive indicators were identified for Daniel P And Grace I Tully Charitable Trust:
- The trust consistently reports no liabilities, indicating a healthy balance sheet in terms of debt.
Frequently Asked Questions about Daniel P And Grace I Tully Charitable Trust
Is Daniel P And Grace I Tully Charitable Trust a legitimate charity?
Daniel P And Grace I Tully Charitable Trust (EIN: 222804896) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 30/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.8M. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Daniel P And Grace I Tully Charitable Trust spend its money?
Daniel P And Grace I Tully Charitable Trust reported $1.8M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Daniel P And Grace I Tully Charitable Trust tax-deductible?
Daniel P And Grace I Tully Charitable Trust is registered as a tax-exempt nonprofit (EIN: 222804896). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Daniel P And Grace I Tully Charitable Trust CEO make?
Daniel P And Grace I Tully Charitable Trust's highest-compensated officer earns $0 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Daniel P And Grace I Tully Charitable Trust located?
Daniel P And Grace I Tully Charitable Trust is headquartered in Darien, Connecticut and files with the IRS under EIN 222804896.
How many years of IRS 990 filings does Daniel P And Grace I Tully Charitable Trust have?
Daniel P And Grace I Tully Charitable Trust has 10 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 $1.8M in total revenue.
What does Daniel P And Grace I Tully Charitable Trust do?
Daniel P And Grace I Tully Charitable Trust is a nonprofit organization in the Unknown sector, located in Darien, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Daniel P And Grace I Tully Charitable Trust have?
Daniel P And Grace I Tully Charitable Trust reported total revenue of $1,807,837. Based on 10 IRS 990 filings on record.
What are Daniel P And Grace I Tully Charitable Trust's total assets?
Daniel P And Grace I Tully Charitable Trust holds total assets of $3,627,197 as reported in IRS 990 filings.
Where is Daniel P And Grace I Tully Charitable Trust located?
Daniel P And Grace I Tully Charitable Trust is based in Darien, Connecticut.
What is Daniel P And Grace I Tully Charitable Trust's EIN?
Daniel P And Grace I Tully Charitable Trust's Employer Identification Number (EIN) is 222804896. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Daniel P And Grace I Tully Charitable Trust?
Daniel P And Grace I Tully Charitable Trust is classified under NTEE code Unknown (Unknown).
Is Daniel P And Grace I Tully Charitable Trust a registered 501(c)(3)?
Daniel P And Grace I Tully Charitable Trust appears in IRS records (EIN: 222804896). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Daniel P And Grace I Tully Charitable Trust file IRS Form 990?
Yes, Daniel P And Grace I Tully Charitable Trust has 10 IRS Form 990 filings on record. The most recent covers tax period 202311.
What was Daniel P And Grace I Tully Charitable Trust's revenue in 2023?
In the 202311 filing period, Daniel P And Grace I Tully Charitable Trust reported total revenue of $172,284, total expenses of $558,343, and net assets of $3,332,490.
Is Daniel P And Grace I Tully Charitable Trust's revenue growing or declining?
Daniel P And Grace I Tully Charitable Trust's revenue is declining. Revenue went from $508,860 (202211) to $172,284 (202311), a -66.1% change. Based on 10 filings on record.
What is Daniel P And Grace I Tully Charitable Trust's most recent 990 filing?
The most recent IRS Form 990 filing for Daniel P And Grace I Tully Charitable Trust covers tax period 202311. It shows revenue of $172,284, expenses of $558,343, total assets of $3,332,490, and liabilities of $1.
Is Daniel P And Grace I Tully Charitable Trust a trustworthy charity?
Based on AI analysis of IRS 990 data, Daniel P And Grace I Tully Charitable Trust has notable concerns. Mission Score: 30/100 (Poor). 3 red flags identified. 1 strength noted.
What are the red flags for Daniel P And Grace I Tully Charitable Trust?
The following concerns were identified: Zero program spending reported across all available years, raising questions about the trust's charitable impact.. Significant decline in assets over the past decade, from $4,335,458 in 2015 to $3,332,490 in 2023.. Lack of detailed explanation for administrative expenses, which constitute 100% of reported expenditures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Daniel P And Grace I Tully Charitable Trust's strengths?
Positive indicators for Daniel P And Grace I Tully Charitable Trust include: The trust consistently reports no liabilities, indicating a healthy balance sheet in terms of debt.. These findings are derived from AI analysis of the organization's financial filings.
How does Daniel P And Grace I Tully Charitable Trust compensate executives?
Executive compensation is not reported, as the trust consistently lists $0 for compensation of officers, directors, trustees, key employees, and highest compensated employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses, what is the primary mechanism through which the Daniel P And Grace I Tully Charitable Trust fulfills its charitable purpose, if any?
Based on the provided data, the trust does not appear to engage in direct program service expenses. Its charitable purpose, if active, would likely be fulfilled through indirect means not captured in the 'program service expenses' line item, or it may function primarily as an asset holding entity with future distribution plans not yet realized.
Filing History
IRS 990 filing history for Daniel P And Grace I Tully Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Daniel P And Grace I Tully Charitable Trust's revenue has declined by 38.9%, moving from $282K to $172K. Total assets decreased by 8.4% over the same period, from $3.6M to $3.3M. Total functional expenses fell by 14.7%, from $655K to $558K. In its most recent filing year (2023), Daniel P And Grace I Tully Charitable Trust reported a deficit of $386K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $558K | $3.3M | $1 | — | View 990 |
| 2022 | $509K | $609K | $3.7M | $1 | — | View 990 |
| 2021 | $785K | $840K | $4.2M | $405K | — | View 990 |
| 2020 | $850K | $578K | $4.1M | $186K | — | View 990 |
| 2019 | $100K | $539K | $4.1M | $488K | — | View 990 |
| 2015 | $449K | $531K | $4.3M | $394K | — | View 990 |
| 2014 | $208K | $480K | $4.1M | $39K | — | View 990 |
| 2013 | $1.0M | $447K | $4.3M | $1 | — | View 990 |
| 2012 | $625K | $549K | $3.7M | $0 | — | View 990 |
| 2011 | $282K | $655K | $3.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $558K, and assets of $3.3M (revenue -66.1% year-over-year).
- 2022: Revenue of $509K, expenses of $609K, and assets of $3.7M (revenue -35.1% year-over-year).
- 2021: Revenue of $785K, expenses of $840K, and assets of $4.2M (revenue -7.7% year-over-year).
- 2020: Revenue of $850K, expenses of $578K, and assets of $4.1M (revenue +746.9% year-over-year).
- 2019: Revenue of $100K, expenses of $539K, and assets of $4.1M (revenue -77.6% year-over-year).
- 2015: Revenue of $449K, expenses of $531K, and assets of $4.3M (revenue +116.0% year-over-year).
- 2014: Revenue of $208K, expenses of $480K, and assets of $4.1M (revenue -79.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $447K, and assets of $4.3M (revenue +63.7% year-over-year).
- 2012: Revenue of $625K, expenses of $549K, and assets of $3.7M (revenue +121.8% year-over-year).
- 2011: Revenue of $282K, expenses of $655K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Daniel P And Grace I Tully Charitable Trust:
Data Sources and Methodology
This transparency report for Daniel P And Grace I Tully Charitable Trust 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.