Laura Hare Tr 12112002
Laura Hare Tr 12112002 maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 206955819 · Chicago, IL · NTEE: T50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $588K |
| Program Spending | 90% |
| Net Assets | $6.8M |
| Transparency Score | 95/100 |
Is Laura Hare Tr 12112002 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laura Hare Tr 12112002 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laura Hare Tr 12112002
Laura Hare Tr 12112002 (EIN: 206955819) is a nonprofit organization based in Chicago, IL, classified under NTEE code T50. The organization reported total revenue of $3.6M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laura Hare Tr 12112002's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laura Hare Tr 12112002 is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $562K |
| Total Expenses | $588K |
| Surplus / Deficit | $-25,713 |
| Total Assets | $6.8M |
| Total Liabilities | $1 |
| Net Assets | $6.8M |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 138.2 months |
Financial Health Grade: B
In 2023, Laura Hare Tr 12112002 reported a deficit of $26K with expenses exceeding revenue, holds 138.2 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), Laura Hare Tr 12112002's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.0% | -9.8% | -0.2% |
| 2022 | -45.7% | +25.4% | -2.6% |
| 2021 | +65.1% | +7.7% | +5.8% |
| 2020 | +39.5% | -0.8% | +1.0% |
| 2019 | +28.6% | +395.8% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Laura Hare Tr 12112002 with a Mission Score of 95 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Laura Hare Tr 12112002 allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual and suggests a volunteer-led or very lean operational structure, maximizing resources for the mission.
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 Laura Hare Tr 12112002's IRS 990 filings:
- Recent years (2022, 2023) show expenses slightly exceeding revenue, which if sustained, could impact future asset growth.
Strengths
The following positive indicators were identified for Laura Hare Tr 12112002:
- Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Consistently low liabilities ($0 or $1), demonstrating excellent financial solvency.
- Strong and growing asset base, increasing from $5,511,414 in 2011 to $6,770,489 in 2023.
- Consistent filing history (10 filings), indicating good transparency and compliance.
Frequently Asked Questions about Laura Hare Tr 12112002
Is Laura Hare Tr 12112002 a legitimate charity?
Laura Hare Tr 12112002 (EIN: 206955819) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.6M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Laura Hare Tr 12112002 spend its money?
Laura Hare Tr 12112002 directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Laura Hare Tr 12112002 tax-deductible?
Laura Hare Tr 12112002 is registered as a tax-exempt nonprofit (EIN: 206955819). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Laura Hare Tr 12112002's spending goes to programs?
Laura Hare Tr 12112002 directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laura Hare Tr 12112002 compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Laura Hare Tr 12112002 is above average for NTEE category T50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laura Hare Tr 12112002 located?
Laura Hare Tr 12112002 is headquartered in Chicago, Illinois and files with the IRS under EIN 206955819. It is classified under NTEE code T50.
How many years of IRS 990 filings does Laura Hare Tr 12112002 have?
Laura Hare Tr 12112002 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 $3.6M in total revenue.
Is Laura Hare Tr 12112002 a good charity?
Based on the provided financial data, Laura Hare Tr 12112002 appears to be a very good charity. It boasts a strong asset base ($7,312,658), negligible liabilities, and, most notably, reports 0% officer compensation across all filings, indicating that all resources are directed towards its mission rather than executive salaries.
How has the organization's financial health changed over time?
The organization has consistently maintained a strong financial position, with assets growing from $5,511,414 in 2011 to $6,770,489 in 2023. While annual revenues and expenses have fluctuated, the overall trend shows stable asset growth and minimal liabilities, indicating long-term financial health.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting a highly efficient, possibly volunteer-driven, leadership structure that prioritizes mission-related spending over executive salaries.
Filing History
IRS 990 filing history for Laura Hare Tr 12112002 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Laura Hare Tr 12112002's revenue has grown by 117.4%, moving from $259K to $562K. Total assets increased by 22.8% over the same period, from $5.5M to $6.8M. Total functional expenses rose by 67%, from $352K to $588K. In its most recent filing year (2023), Laura Hare Tr 12112002 reported a deficit of $26K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $562K | $588K | $6.8M | $1 | — | View 990 |
| 2022 | $489K | $652K | $6.8M | $1 | — | View 990 |
| 2021 | $901K | $520K | $7.0M | $1 | — | — |
| 2020 | $546K | $482K | $6.6M | $1 | — | — |
| 2019 | $391K | $486K | $6.5M | $1 | — | View 990 |
| 2015 | $304K | $98K | $6.7M | $0 | — | View 990 |
| 2014 | $933K | $322K | $6.5M | $0 | — | View 990 |
| 2013 | $712K | $436K | $5.9M | $0 | — | View 990 |
| 2012 | $557K | $476K | $5.6M | $0 | — | View 990 |
| 2011 | $259K | $352K | $5.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $562K, expenses of $588K, and assets of $6.8M (revenue +15.0% year-over-year).
- 2022: Revenue of $489K, expenses of $652K, and assets of $6.8M (revenue -45.7% year-over-year).
- 2021: Revenue of $901K, expenses of $520K, and assets of $7.0M (revenue +65.1% year-over-year).
- 2020: Revenue of $546K, expenses of $482K, and assets of $6.6M (revenue +39.5% year-over-year).
- 2019: Revenue of $391K, expenses of $486K, and assets of $6.5M (revenue +28.6% year-over-year).
- 2015: Revenue of $304K, expenses of $98K, and assets of $6.7M (revenue -67.4% year-over-year).
- 2014: Revenue of $933K, expenses of $322K, and assets of $6.5M (revenue +31.0% year-over-year).
- 2013: Revenue of $712K, expenses of $436K, and assets of $5.9M (revenue +27.8% year-over-year).
- 2012: Revenue of $557K, expenses of $476K, and assets of $5.6M (revenue +115.4% year-over-year).
- 2011: Revenue of $259K, expenses of $352K, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laura Hare Tr 12112002:
Data Sources and Methodology
This transparency report for Laura Hare Tr 12112002 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.