Direct Advisors Trust
Direct Advisors Trust consistently operates with revenue matching expenses and no reported officer compensation.
EIN: 146203449 · Latham, NY · NTEE: Y43 · Updated: 2026-03-28
Is Direct Advisors Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Direct Advisors Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Direct Advisors Trust
Direct Advisors Trust (EIN: 146203449) is a nonprofit organization based in Latham, NY, classified under NTEE code Y43. The organization reported total revenue of $20.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Direct Advisors Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Direct Advisors Trust with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Direct Advisors Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officer salaries are paid from the organization's funds, which is highly unusual for an organization with over $18 million in annual revenue.
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 Direct Advisors Trust's IRS 990 filings:
- Revenue consistently equals expenses, which could indicate a pass-through entity but warrants understanding the underlying activities.
- Relatively low assets compared to high annual revenue, suggesting minimal reserves or a non-asset-holding operational model.
Strengths
The following positive indicators were identified for Direct Advisors Trust:
- Consistent 0% officer compensation, indicating high efficiency and lack of executive enrichment.
- Expenses consistently align with revenue, suggesting effective fund utilization within the fiscal period.
- Strong financial transparency through consistent IRS 990 filings over 13 periods.
Frequently Asked Questions about Direct Advisors Trust
Is Direct Advisors Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Direct Advisors Trust (EIN: 146203449) some concerns. Mission Score: 90/100. 2 red flags identified, 3 strengths noted.
How does Direct Advisors Trust spend its money?
Direct Advisors Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Direct Advisors Trust tax-deductible?
Direct Advisors Trust is registered as a tax-exempt nonprofit (EIN: 146203449). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Direct Advisors Trust a good charity?
Based on the available IRS 990 data, Direct Advisors Trust appears to be a highly efficient organization with 0% officer compensation and expenses consistently matching revenue, suggesting a strong focus on its stated purpose without significant administrative overhead or executive enrichment. However, its nature as a trust or foundation means it likely manages funds rather than directly providing services, which is different from a traditional program-delivery charity.
What is the primary function of Direct Advisors Trust given its financial patterns?
The consistent matching of revenue and expenses, along with its NTEE code Y43 (Trusts, Foundations, and Giving), strongly suggests that Direct Advisors Trust primarily functions as a pass-through entity or a fund management organization, where it receives and disburses funds without retaining significant surpluses or incurring substantial operational costs beyond the direct use of funds.
How does Direct Advisors Trust manage to have 0% officer compensation with such high revenue?
The 0% officer compensation reported across all filings, despite annual revenues exceeding $18 million, implies that the organization's leadership may be compensated by an affiliated entity, serve in a purely voluntary capacity, or that the trust's structure does not involve traditional salaried officers in the same way a typical operating charity might.
Filing History
IRS 990 filing history for Direct Advisors Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Direct Advisors Trust's revenue has grown by 52.8%, moving from $12.3M to $18.8M. Total assets increased by 6831.2% over the same period, from $2K to $156K. Total functional expenses rose by 52.6%, from $12.3M to $18.8M. In its most recent filing year (2023), Direct Advisors Trust reported a surplus of $0, with revenue exceeding expenses. The organization holds $156K in liabilities against $156K in assets (debt-to-asset ratio: 99.9%), resulting in net assets of $100.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $18.8M | $18.8M | $156K | $156K | — | — |
| 2022 | $17.8M | $17.8M | $138K | $138K | — | View 990 |
| 2021 | $13.2M | $13.2M | $100 | $0 | — | View 990 |
| 2020 | $13.5M | $13.5M | $501K | $501K | — | View 990 |
| 2019 | $16.0M | $16.0M | $811K | $811K | — | View 990 |
| 2018 | $13.0M | $13.8M | $26K | $0 | — | View 990 |
| 2017 | $13.2M | $12.5M | $823K | $0 | — | View 990 |
| 2016 | $13.1M | $14.1M | $48K | $48K | — | View 990 |
| 2015 | $11.3M | $10.2M | $1.1M | $0 | — | View 990 |
| 2014 | $8.7M | $8.7M | $931 | $931 | — | View 990 |
| 2013 | $6.6M | $6.6M | $9K | $9K | — | View 990 |
| 2012 | $12.6M | $12.6M | $10K | $0 | — | View 990 |
| 2011 | $12.3M | $12.3M | $2K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.8M, expenses of $18.8M, and assets of $156K (revenue +5.8% year-over-year).
- 2022: Revenue of $17.8M, expenses of $17.8M, and assets of $138K (revenue +35.4% year-over-year).
- 2021: Revenue of $13.2M, expenses of $13.2M, and assets of $100 (revenue -2.6% year-over-year).
- 2020: Revenue of $13.5M, expenses of $13.5M, and assets of $501K (revenue -15.6% year-over-year).
- 2019: Revenue of $16.0M, expenses of $16.0M, and assets of $811K (revenue +22.9% year-over-year).
- 2018: Revenue of $13.0M, expenses of $13.8M, and assets of $26K (revenue -1.7% year-over-year).
- 2017: Revenue of $13.2M, expenses of $12.5M, and assets of $823K (revenue +1.5% year-over-year).
- 2016: Revenue of $13.1M, expenses of $14.1M, and assets of $48K (revenue +15.6% year-over-year).
- 2015: Revenue of $11.3M, expenses of $10.2M, and assets of $1.1M (revenue +29.8% year-over-year).
- 2014: Revenue of $8.7M, expenses of $8.7M, and assets of $931 (revenue +32.2% year-over-year).
- 2013: Revenue of $6.6M, expenses of $6.6M, and assets of $9K (revenue -47.7% year-over-year).
- 2012: Revenue of $12.6M, expenses of $12.6M, and assets of $10K (revenue +2.2% year-over-year).
- 2011: Revenue of $12.3M, expenses of $12.3M, and assets of $2K.
Data Sources and Methodology
This transparency report for Direct Advisors 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.