Leo E & Helen H Reese Trust
EIN: 582026291 · Charleston, SC
| Metric | Value |
|---|---|
| Total Revenue | $12K |
| Total Expenses | $12K |
| Net Assets | $65K |
Is Leo E & Helen H Reese Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Leo E & Helen H Reese Trust
Leo E & Helen H Reese Trust (EIN: 582026291) is a nonprofit organization based in Charleston, SC. The organization reported total revenue of $12K and total assets of $65K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leo E & Helen H Reese Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leo E & Helen H Reese Trust is a micro nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $12K |
| Surplus / Deficit | $-4,656 |
| Total Assets | $65K |
| Total Liabilities | $1 |
| Net Assets | $65K |
| Operating Margin | -66.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 66.4 months |
Financial Health Grade: B
In 2023, Leo E & Helen H Reese Trust reported a deficit of $5K with expenses exceeding revenue, holds 66.4 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), Leo E & Helen H Reese Trust's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +15.8% | -6.7% |
| 2022 | +1.6% | +31.9% | -5.0% |
| 2021 | -8.1% | -30.1% | +3.5% |
| 2020 | +6.9% | +90.0% | -3.2% |
| 2019 | +23.2% | -30.9% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Leo E & Helen H Reese Trust 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 Leo E & Helen H Reese Trust 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Leo E & Helen H Reese Trust
Is Leo E & Helen H Reese Trust a legitimate charity?
Leo E & Helen H Reese Trust (EIN: 582026291) is a registered tax-exempt nonprofit based in South Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $12K. No red flags identified. Financial health grade: B.
How does Leo E & Helen H Reese Trust spend its money?
Leo E & Helen H Reese Trust reported $12K 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 Leo E & Helen H Reese Trust tax-deductible?
Leo E & Helen H Reese Trust is registered as a tax-exempt nonprofit (EIN: 582026291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Leo E & Helen H Reese Trust located?
Leo E & Helen H Reese Trust is headquartered in Charleston, South Carolina and files with the IRS under EIN 582026291.
How many years of IRS 990 filings does Leo E & Helen H Reese Trust have?
Leo E & Helen H Reese 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 $12K in total revenue.
Filing History
IRS 990 filing history for Leo E & Helen H Reese Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Leo E & Helen H Reese Trust's revenue has grown by 8.3%, moving from $6K to $7K. Total assets decreased by 20.3% over the same period, from $81K to $65K. Total functional expenses rose by 57.1%, from $7K to $12K. In its most recent filing year (2023), Leo E & Helen H Reese Trust reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $65K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $65K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $12K | $65K | $1 | — | — |
| 2022 | $7K | $10K | $69K | $1 | — | View 990 |
| 2021 | $7K | $8K | $73K | $1 | — | View 990 |
| 2020 | $8K | $11K | $70K | $1 | — | — |
| 2019 | $7K | $6K | $73K | $1 | — | View 990 |
| 2015 | $6K | $8K | $77K | $1 | — | View 990 |
| 2014 | $5K | $9K | $75K | $1 | — | View 990 |
| 2013 | $7K | $9K | $79K | $0 | — | View 990 |
| 2012 | $6K | $10K | $82K | $0 | — | View 990 |
| 2011 | $6K | $7K | $81K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $12K, and assets of $65K (revenue -1.0% year-over-year).
- 2022: Revenue of $7K, expenses of $10K, and assets of $69K (revenue +1.6% year-over-year).
- 2021: Revenue of $7K, expenses of $8K, and assets of $73K (revenue -8.1% year-over-year).
- 2020: Revenue of $8K, expenses of $11K, and assets of $70K (revenue +6.9% year-over-year).
- 2019: Revenue of $7K, expenses of $6K, and assets of $73K (revenue +23.2% year-over-year).
- 2015: Revenue of $6K, expenses of $8K, and assets of $77K (revenue +15.8% year-over-year).
- 2014: Revenue of $5K, expenses of $9K, and assets of $75K (revenue -27.6% year-over-year).
- 2013: Revenue of $7K, expenses of $9K, and assets of $79K (revenue +8.6% year-over-year).
- 2012: Revenue of $6K, expenses of $10K, and assets of $82K (revenue -2.3% year-over-year).
- 2011: Revenue of $6K, expenses of $7K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leo E & Helen H Reese Trust:
Data Sources and Methodology
This transparency report for Leo E & Helen H Reese 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.