Lgh Charitable Trust Inc
Lgh Charitable Trust Inc: Strong Assets, Inconsistent Revenue
EIN: 222586814 · Lawrence, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $9.3M |
| Total Expenses | $2.1M |
| Program Spending | 70% |
| Net Assets | $29.4M |
| Transparency Score | 75/100 |
Is Lgh Charitable Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lgh Charitable Trust Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lgh Charitable Trust Inc
Lgh Charitable Trust Inc (EIN: 222586814) is a nonprofit organization based in Lawrence, MA. The organization reported total revenue of $9.3M and total assets of $70.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lgh Charitable Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lgh Charitable Trust Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $64.2M |
| Total Liabilities | $34.8M |
| Net Assets | $29.4M |
| Operating Margin | 40.0% |
| Debt-to-Asset Ratio | 54.3% |
| Months of Reserves | 362.1 months |
Financial Health Grade: A
In 2023, Lgh Charitable Trust Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 362.1 months of operating reserves (strong position), has a debt-to-asset ratio of 54.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lgh Charitable Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.5% | -7.6% | +6.4% |
| 2022 | -50.9% | +13.2% | -5.0% |
| 2021 | +52.7% | -22.6% | -0.3% |
| 2020 | +191.9% | +0.2% | +8.4% |
| 2019 | +1.0% | +20.8% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Lgh Charitable Trust Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Lgh Charitable Trust Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer-led executive team or compensation being embedded within other expense lines, which warrants further investigation.
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 Lgh Charitable Trust Inc's IRS 990 filings:
- Inconsistent revenue generation, with significant fluctuations year-over-year (e.g., $5.7M in 2021 vs. $1.2M in 2019).
- The consistent reporting of 0% compensation across all years could be a red flag if the organization has paid staff, as it might obscure actual operational costs.
- The 'nt' (nonprofit type) field is missing, which makes it difficult to understand the organization's specific mission and operational context.
Strengths
The following positive indicators were identified for Lgh Charitable Trust Inc:
- Substantial and growing asset base, reaching $70,576,000 in 2023, indicating strong financial stability.
- Low liability-to-asset ratio, with liabilities at $34,835,000 against $70,576,000 in assets in 2023, suggesting good financial health.
- Consistent operational expenses over several years, indicating stable management of core activities.
Frequently Asked Questions about Lgh Charitable Trust Inc
Is Lgh Charitable Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lgh Charitable Trust Inc (EIN: 222586814) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Lgh Charitable Trust Inc spend its money?
Lgh Charitable Trust Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lgh Charitable Trust Inc tax-deductible?
Lgh Charitable Trust Inc is registered as a tax-exempt nonprofit (EIN: 222586814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lgh Charitable Trust Inc's spending goes to programs?
Lgh Charitable Trust Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Lgh Charitable Trust Inc located?
Lgh Charitable Trust Inc is headquartered in Lawrence, Massachusetts and files with the IRS under EIN 222586814.
How many years of IRS 990 filings does Lgh Charitable Trust Inc have?
Lgh Charitable Trust 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 $9.3M in total revenue.
What does Lgh Charitable Trust Inc do?
Lgh Charitable Trust Inc is a nonprofit organization in the Unknown sector, located in Lawrence, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Lgh Charitable Trust Inc have?
Lgh Charitable Trust Inc reported total revenue of $9,260,701. Based on 13 IRS 990 filings on record.
What are Lgh Charitable Trust Inc's total assets?
Lgh Charitable Trust Inc holds total assets of $70,576,000 as reported in IRS 990 filings.
Where is Lgh Charitable Trust Inc located?
Lgh Charitable Trust Inc is based in Lawrence, Massachusetts.
What is Lgh Charitable Trust Inc's EIN?
Lgh Charitable Trust Inc's Employer Identification Number (EIN) is 222586814. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lgh Charitable Trust Inc?
Lgh Charitable Trust Inc is classified under NTEE code Unknown (Unknown).
Is Lgh Charitable Trust Inc a registered 501(c)(3)?
Lgh Charitable Trust Inc appears in IRS records (EIN: 222586814). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lgh Charitable Trust Inc file IRS Form 990?
Yes, Lgh Charitable Trust Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Lgh Charitable Trust Inc's revenue in 2023?
In the 202309 filing period, Lgh Charitable Trust Inc reported total revenue of $3,546,428, total expenses of $2,127,886, and net assets of $64,208,000.
Is Lgh Charitable Trust Inc's revenue growing or declining?
Lgh Charitable Trust Inc's revenue is growing. Revenue went from $2,802,837 (202209) to $3,546,428 (202309), a +26.5% change. Based on 13 filings on record.
What is Lgh Charitable Trust Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lgh Charitable Trust Inc covers tax period 202309. It shows revenue of $3,546,428, expenses of $2,127,886, total assets of $64,208,000, and liabilities of $34,835,000.
How much does Lgh Charitable Trust Inc spend on programs vs administration?
Based on IRS 990 analysis, Lgh Charitable Trust Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Lgh Charitable Trust Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lgh Charitable Trust Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Lgh Charitable Trust Inc?
The following concerns were identified: Inconsistent revenue generation, with significant fluctuations year-over-year (e.g., $5.7M in 2021 vs. $1.2M in 2019).. The consistent reporting of 0% compensation across all years could be a red flag if the organization has paid staff, as it might obscure actual operational costs.. The 'nt' (nonprofit type) field is missing, which makes it difficult to understand the organization's specific mission and operational context.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lgh Charitable Trust Inc's strengths?
Positive indicators for Lgh Charitable Trust Inc include: Substantial and growing asset base, reaching $70,576,000 in 2023, indicating strong financial stability.. Low liability-to-asset ratio, with liabilities at $34,835,000 against $70,576,000 in assets in 2023, suggesting good financial health.. Consistent operational expenses over several years, indicating stable management of core activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Lgh Charitable Trust Inc compensate executives?
Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer-led executive team or compensation being embedded within other expense lines, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% compensation reported, how does Lgh Charitable Trust Inc manage its operational and executive functions, and what is the true cost of its human capital?
The consistent reporting of 0% compensation suggests that either the organization is entirely volunteer-run, or compensation is categorized under other expense lines (e.g., 'other expenses' or 'professional fees'). Without further detail, it's challenging to ascertain the actual human capital costs and the sustainability of this model.
What factors contribute to the significant year-over-year fluctuations in revenue, and how does the organization plan to stabilize its funding streams?
Revenue has varied significantly, from $1.2M in 2019 to $5.7M in 2021 and $3.5M in 2023. This volatility could be due to reliance on large, infrequent grants or donations. A strategy for diversifying funding sources or securing more consistent revenue streams would be beneficial for long-term predictability.
Filing History
IRS 990 filing history for Lgh Charitable Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lgh Charitable Trust Inc's revenue has grown by 145%, moving from $1.4M to $3.5M. Total assets increased by 189.1% over the same period, from $22.2M to $64.2M. Total functional expenses rose by 87503.4%, from $2K to $2.1M. In its most recent filing year (2023), Lgh Charitable Trust Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $34.8M in liabilities against $64.2M in assets (debt-to-asset ratio: 54.3%), resulting in net assets of $29.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $2.1M | $64.2M | $34.8M | — | — |
| 2022 | $2.8M | $2.3M | $60.3M | $32.6M | — | — |
| 2021 | $5.7M | $2.0M | $63.5M | $32.4M | — | View 990 |
| 2020 | $3.7M | $2.6M | $63.7M | $41.9M | — | — |
| 2019 | $1.3M | $2.6M | $58.8M | $38.0M | — | View 990 |
| 2018 | $1.3M | $2.2M | $57.6M | $36.0M | — | View 990 |
| 2017 | $3.1M | $1.2M | $59.7M | $32.3M | — | View 990 |
| 2016 | $2.3M | $956K | $53.6M | $26.9M | — | View 990 |
| 2015 | $3.0M | $1.2M | $26.1M | $852K | — | View 990 |
| 2014 | $1.9M | $840K | $26.4M | $258K | — | View 990 |
| 2013 | $1.5M | $428K | $24.9M | $2K | — | View 990 |
| 2012 | $592K | $373K | $24.0M | $142K | — | View 990 |
| 2011 | $1.4M | $2K | $22.2M | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $2.1M, and assets of $64.2M (revenue +26.5% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.3M, and assets of $60.3M (revenue -50.9% year-over-year).
- 2021: Revenue of $5.7M, expenses of $2.0M, and assets of $63.5M (revenue +52.7% year-over-year).
- 2020: Revenue of $3.7M, expenses of $2.6M, and assets of $63.7M (revenue +191.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $2.6M, and assets of $58.8M (revenue +1.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $2.2M, and assets of $57.6M (revenue -59.4% year-over-year).
- 2017: Revenue of $3.1M, expenses of $1.2M, and assets of $59.7M (revenue +38.4% year-over-year).
- 2016: Revenue of $2.3M, expenses of $956K, and assets of $53.6M (revenue -23.6% year-over-year).
- 2015: Revenue of $3.0M, expenses of $1.2M, and assets of $26.1M (revenue +54.9% year-over-year).
- 2014: Revenue of $1.9M, expenses of $840K, and assets of $26.4M (revenue +30.2% year-over-year).
- 2013: Revenue of $1.5M, expenses of $428K, and assets of $24.9M (revenue +147.7% year-over-year).
- 2012: Revenue of $592K, expenses of $373K, and assets of $24.0M (revenue -59.1% year-over-year).
- 2011: Revenue of $1.4M, expenses of $2K, and assets of $22.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lgh Charitable Trust Inc:
Data Sources and Methodology
This transparency report for Lgh Charitable Trust 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.