Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh
EIN: 741907673 · Chicago, IL
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $597K |
| Net Assets | $8.3M |
Is Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh
Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh (EIN: 741907673) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $2.9M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh is a mid-size nonprofit that has been operating for 49 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $716K |
| Total Expenses | $597K |
| Surplus / Deficit | +$119K |
| Total Assets | $8.3M |
| Total Liabilities | $1 |
| Net Assets | $8.3M |
| Operating Margin | 16.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 167.1 months |
Financial Health Grade: A
In 2023, Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh reported a surplus of $119K with revenue exceeding expenses, holds 167.1 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), Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.1% | -7.2% | +1.5% |
| 2022 | -47.0% | +13.4% | -1.2% |
| 2021 | +62.5% | -5.8% | +6.1% |
| 2020 | -15.7% | +13.3% | +0.5% |
| 2019 | -34.6% | +0.9% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh 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 Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh 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 surplus of $119K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh
Is Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh a legitimate charity?
Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh (EIN: 741907673) is a registered tax-exempt nonprofit based in Illinois. It has 10 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. Financial health grade: A.
How does Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh spend its money?
Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh reported $2.9M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh tax-deductible?
Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh is registered as a tax-exempt nonprofit (EIN: 741907673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh located?
Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh is headquartered in Chicago, Illinois and files with the IRS under EIN 741907673.
How many years of IRS 990 filings does Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh have?
Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh 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 $2.9M in total revenue.
Filing History
IRS 990 filing history for Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh's revenue has declined by 45.5%, moving from $1.3M to $716K. Total assets increased by 38.3% over the same period, from $6.0M to $8.3M. Total functional expenses fell by 1.2%, from $604K to $597K. In its most recent filing year (2023), Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh reported a surplus of $119K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $716K | $597K | $8.3M | $1 | — | View 990 |
| 2022 | $546K | $643K | $8.2M | $1 | — | View 990 |
| 2021 | $1.0M | $567K | $8.3M | $1 | — | — |
| 2020 | $635K | $602K | $7.8M | $1 | — | View 990 |
| 2019 | $752K | $531K | $7.8M | $1 | — | View 990 |
| 2015 | $1.1M | $527K | $7.6M | $0 | — | View 990 |
| 2014 | $893K | $525K | $6.9M | $0 | — | View 990 |
| 2013 | $837K | $531K | $6.6M | $0 | — | View 990 |
| 2012 | $770K | $542K | $6.2M | $0 | — | View 990 |
| 2011 | $1.3M | $604K | $6.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $716K, expenses of $597K, and assets of $8.3M (revenue +31.1% year-over-year).
- 2022: Revenue of $546K, expenses of $643K, and assets of $8.2M (revenue -47.0% year-over-year).
- 2021: Revenue of $1.0M, expenses of $567K, and assets of $8.3M (revenue +62.5% year-over-year).
- 2020: Revenue of $635K, expenses of $602K, and assets of $7.8M (revenue -15.7% year-over-year).
- 2019: Revenue of $752K, expenses of $531K, and assets of $7.8M (revenue -34.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $527K, and assets of $7.6M (revenue +28.8% year-over-year).
- 2014: Revenue of $893K, expenses of $525K, and assets of $6.9M (revenue +6.6% year-over-year).
- 2013: Revenue of $837K, expenses of $531K, and assets of $6.6M (revenue +8.7% year-over-year).
- 2012: Revenue of $770K, expenses of $542K, and assets of $6.2M (revenue -41.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $604K, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh:
Data Sources and Methodology
This transparency report for Leola W And Charles H Hugg Trust In Memory Of James N And Lillian C Wh 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.