Litowich Family Trust U/W Herbert Litowich
EIN: 486166498 · Salina, KS · NTEE: T90Z
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $44K |
| Net Assets | $631K |
Is Litowich Family Trust U/W Herbert Litowich Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Litowich Family Trust U/W Herbert Litowich
Litowich Family Trust U/W Herbert Litowich (EIN: 486166498) is a nonprofit organization based in Salina, KS, classified under NTEE code T90Z. The organization reported total revenue of $135K and total assets of $617K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Litowich Family Trust U/W Herbert Litowich's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Litowich Family Trust U/W Herbert Litowich is a small nonprofit that has been operating for 53 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $29K |
| Total Expenses | $44K |
| Surplus / Deficit | $-14,660 |
| Total Assets | $631K |
| Total Liabilities | $1 |
| Net Assets | $631K |
| Operating Margin | -50.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 173.2 months |
Financial Health Grade: B
In 2024, Litowich Family Trust U/W Herbert Litowich reported a deficit of $15K with expenses exceeding revenue, holds 173.2 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 (2012–2024), Litowich Family Trust U/W Herbert Litowich's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +25.0% | +5.4% | -2.3% |
| 2023 | -51.6% | -4.0% | -2.8% |
| 2022 | -67.6% | +13.6% | +0.7% |
| 2021 | +447.7% | +0.1% | +20.1% |
| 2020 | -10.9% | +2.7% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Litowich Family Trust U/W Herbert Litowich 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 Litowich Family Trust U/W Herbert Litowich 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Litowich Family Trust U/W Herbert Litowich
Is Litowich Family Trust U/W Herbert Litowich a legitimate charity?
Litowich Family Trust U/W Herbert Litowich (EIN: 486166498) is a registered tax-exempt nonprofit based in Kansas. It has 10 years of IRS 990 filings on record. Total revenue: $135K. No red flags identified. Financial health grade: B.
How does Litowich Family Trust U/W Herbert Litowich spend its money?
Litowich Family Trust U/W Herbert Litowich reported $135K 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 Litowich Family Trust U/W Herbert Litowich tax-deductible?
Litowich Family Trust U/W Herbert Litowich is registered as a tax-exempt nonprofit (EIN: 486166498). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Litowich Family Trust U/W Herbert Litowich located?
Litowich Family Trust U/W Herbert Litowich is headquartered in Salina, Kansas and files with the IRS under EIN 486166498. It is classified under NTEE code T90Z.
How many years of IRS 990 filings does Litowich Family Trust U/W Herbert Litowich have?
Litowich Family Trust U/W Herbert Litowich 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 $135K in total revenue.
Filing History
IRS 990 filing history for Litowich Family Trust U/W Herbert Litowich showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Litowich Family Trust U/W Herbert Litowich's revenue has grown by 309%, moving from $7K to $29K. Total assets increased by 29.2% over the same period, from $488K to $631K. Total functional expenses rose by 45.2%, from $30K to $44K. In its most recent filing year (2024), Litowich Family Trust U/W Herbert Litowich reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $631K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $631K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $29K | $44K | $631K | $1 | — | — |
| 2023 | $23K | $41K | $645K | $1 | — | View 990 |
| 2022 | $48K | $43K | $663K | $1 | — | — |
| 2021 | $148K | $38K | $659K | $1 | — | View 990 |
| 2020 | $27K | $38K | $548K | $1 | — | — |
| 2016 | $30K | $37K | $528K | $1 | — | View 990 |
| 2015 | $67K | $35K | $535K | $1 | — | View 990 |
| 2014 | $41K | $30K | $503K | $1 | — | View 990 |
| 2013 | $36K | $31K | $493K | $1 | — | View 990 |
| 2012 | $7K | $30K | $488K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $29K, expenses of $44K, and assets of $631K (revenue +25.0% year-over-year).
- 2023: Revenue of $23K, expenses of $41K, and assets of $645K (revenue -51.6% year-over-year).
- 2022: Revenue of $48K, expenses of $43K, and assets of $663K (revenue -67.6% year-over-year).
- 2021: Revenue of $148K, expenses of $38K, and assets of $659K (revenue +447.7% year-over-year).
- 2020: Revenue of $27K, expenses of $38K, and assets of $548K (revenue -10.9% year-over-year).
- 2016: Revenue of $30K, expenses of $37K, and assets of $528K (revenue -54.6% year-over-year).
- 2015: Revenue of $67K, expenses of $35K, and assets of $535K (revenue +62.1% year-over-year).
- 2014: Revenue of $41K, expenses of $30K, and assets of $503K (revenue +15.6% year-over-year).
- 2013: Revenue of $36K, expenses of $31K, and assets of $493K (revenue +402.4% year-over-year).
- 2012: Revenue of $7K, expenses of $30K, and assets of $488K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Litowich Family Trust U/W Herbert Litowich:
Data Sources and Methodology
This transparency report for Litowich Family Trust U/W Herbert Litowich 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.