Employee Benefit Trust For Employees Of Life Inc
EIN: 452956798 · Goldsboro, NC · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Net Assets | $772K |
Is Employee Benefit Trust For Employees Of Life Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Employee Benefit Trust For Employees Of Life Inc
Employee Benefit Trust For Employees Of Life Inc (EIN: 452956798) is a nonprofit organization based in Goldsboro, NC, classified under NTEE code Y43. The organization reported total revenue of $1.8M and total assets of $955K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Employee Benefit Trust For Employees Of Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Employee Benefit Trust For Employees Of Life Inc is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-25,644 |
| Total Assets | $772K |
| Net Assets | $772K |
| Operating Margin | -1.4% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2023, Employee Benefit Trust For Employees Of Life Inc reported a deficit of $26K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Employee Benefit Trust For Employees Of Life Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.6% | +31.3% | -3.2% |
| 2022 | -5.2% | -6.6% | +13.4% |
| 2021 | +26.7% | +11.1% | +12.2% |
| 2020 | -3.6% | +10.2% | -15.2% |
| 2019 | +23.7% | +0.4% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Employee Benefit Trust For Employees Of Life Inc 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 Employee Benefit Trust For Employees Of Life Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
Frequently Asked Questions about Employee Benefit Trust For Employees Of Life Inc
Is Employee Benefit Trust For Employees Of Life Inc a legitimate charity?
Employee Benefit Trust For Employees Of Life Inc (EIN: 452956798) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: B.
How does Employee Benefit Trust For Employees Of Life Inc spend its money?
Employee Benefit Trust For Employees Of Life Inc reported $1.8M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Employee Benefit Trust For Employees Of Life Inc tax-deductible?
Employee Benefit Trust For Employees Of Life Inc is registered as a tax-exempt nonprofit (EIN: 452956798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Employee Benefit Trust For Employees Of Life Inc located?
Employee Benefit Trust For Employees Of Life Inc is headquartered in Goldsboro, North Carolina and files with the IRS under EIN 452956798. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Employee Benefit Trust For Employees Of Life Inc have?
Employee Benefit Trust For Employees Of Life Inc has 13 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.
Filing History
IRS 990 filing history for Employee Benefit Trust For Employees Of Life Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Employee Benefit Trust For Employees Of Life Inc's revenue has grown by 287.4%, moving from $484K to $1.9M. Total assets increased by 97% over the same period, from $392K to $772K. Total functional expenses rose by 1967%, from $92K to $1.9M. In its most recent filing year (2023), Employee Benefit Trust For Employees Of Life Inc reported a deficit of $26K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $772K | $0 | — | — |
| 2022 | $1.5M | $1.4M | $798K | $0 | — | View 990 |
| 2021 | $1.6M | $1.5M | $704K | $0 | — | View 990 |
| 2020 | $1.3M | $1.4M | $627K | $0 | — | View 990 |
| 2019 | $1.3M | $1.3M | $739K | $0 | — | — |
| 2018 | $1.1M | $1.3M | $706K | $32K | — | View 990 |
| 2017 | $1.4M | $1.4M | $859K | $0 | — | — |
| 2016 | $1.3M | $1.2M | $792K | $0 | — | View 990 |
| 2015 | $1.6M | $1.5M | $690K | $0 | — | View 990 |
| 2014 | $1.3M | $1.5M | $579K | $0 | — | View 990 |
| 2013 | $1.8M | $1.5M | $849K | $0 | — | View 990 |
| 2012 | $1.5M | $1.3M | $645K | $0 | — | View 990 |
| 2011 | $484K | $92K | $392K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $772K (revenue +21.6% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $798K (revenue -5.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $704K (revenue +26.7% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $627K (revenue -3.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $739K (revenue +23.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.3M, and assets of $706K (revenue -25.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $859K (revenue +7.2% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $792K (revenue -16.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $690K (revenue +26.0% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.5M, and assets of $579K (revenue -27.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.5M, and assets of $849K (revenue +14.3% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.3M, and assets of $645K (revenue +217.3% year-over-year).
- 2011: Revenue of $484K, expenses of $92K, and assets of $392K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Employee Benefit Trust For Employees Of Life Inc:
Data Sources and Methodology
This transparency report for Employee Benefit Trust For Employees Of Life Inc 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.