Lucys Love Bus Charitable Trust

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Lucys Love Bus Charitable Trust Form 990, Revenue, CEO Pay, and IRS Filing Signals

Lucys Love Bus Charitable Trust is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lucys Love Bus Charitable Trust in one place.

Is Lucys Love Bus Charitable Trust Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Lucys Love Bus Charitable Trust shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Lucys Love Bus Charitable Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Lucys Love Bus Charitable Trust

Lucys Love Bus Charitable Trust (EIN: 204036256) is a nonprofit organization based in Amesbury, MA, classified under NTEE code G123. The organization reported total revenue of $1.1M and total assets of $930K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lucys Love Bus Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Lucys Love Bus Charitable Trust is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Lucys Love Bus Charitable Trust reported a surplus of $25K with revenue exceeding expenses, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Lucys Love Bus Charitable Trust's revenue has grown at a compound annual growth rate (CAGR) of 21.5%.

IRS Tax-Exempt Classification

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 Lucys Love Bus Charitable Trust 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Lucys Love Bus Charitable Trust allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $25K, with revenue exceeding expenses.
• Debt-to-asset ratio: 11.2%.

Executive Compensation Analysis

Lucys Love Bus Charitable Trust reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with over $700,000 in annual revenue.

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 Lucys Love Bus Charitable Trust's IRS 990 filings:

• Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or that leadership is entirely volunteer-based, warranting further investigation into operational structure.

Strengths

The following positive indicators were identified for Lucys Love Bus Charitable Trust:

• Consistent revenue growth, from $467,765 in 2019 to $728,128 in 2023, indicating increasing support.
• Healthy asset growth, from $351,587 in 2019 to $885,477 in 2023, enhancing long-term stability.
• Zero reported officer compensation across all filings, suggesting a strong focus on program spending.
• Consistent operational surpluses, with revenue exceeding expenses in most recent years (e.g., $728,128 revenue vs. $703,179 expenses in 2023).

Frequently Asked Questions about Lucys Love Bus Charitable Trust

Filing History

IRS 990 filing history for Lucys Love Bus Charitable Trust showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Lucys Love Bus Charitable Trust's revenue has grown by 935.9%, moving from $70K to $728K. Total assets increased by 972.1% over the same period, from $83K to $885K. Total functional expenses rose by 761.7%, from $82K to $703K. In its most recent filing year (2023), Lucys Love Bus Charitable Trust reported a surplus of $25K, with revenue exceeding expenses. The organization holds $100K in liabilities against $885K in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $786K.

Year-by-Year Financial Summary

• 2023: Revenue of $728K, expenses of $703K, and assets of $885K (revenue +2.2% year-over-year).
• 2022: Revenue of $713K, expenses of $604K, and assets of $781K (revenue -8.1% year-over-year).
• 2021: Revenue of $776K, expenses of $530K, and assets of $741K (revenue +1.7% year-over-year).
• 2020: Revenue of $763K, expenses of $616K, and assets of $524K (revenue +63.0% year-over-year).
• 2019: Revenue of $468K, expenses of $429K, and assets of $352K (revenue +26.2% year-over-year).
• 2018: Revenue of $371K, expenses of $418K, and assets of $315K (revenue -33.9% year-over-year).
• 2017: Revenue of $561K, expenses of $378K, and assets of $362K (revenue +79.8% year-over-year).
• 2016: Revenue of $312K, expenses of $327K, and assets of $171K (revenue -22.9% year-over-year).
• 2015: Revenue of $405K, expenses of $279K, and assets of $176K (revenue +89.0% year-over-year).
• 2014: Revenue of $214K, expenses of $272K, and assets of $35K (revenue -8.2% year-over-year).
• 2013: Revenue of $233K, expenses of $238K, and assets of $94K (revenue +96.8% year-over-year).
• 2012: Revenue of $119K, expenses of $147K, and assets of $76K (revenue +68.6% year-over-year).
• 2011: Revenue of $70K, expenses of $82K, and assets of $83K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lucys Love Bus Charitable Trust:

Data Sources and Methodology

This transparency report for Lucys Love Bus Charitable 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.