Nicholas Charitable Trust
EIN: 256785253 · Las Vegas, NV · NTEE: T99
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $103K |
| Net Assets | $717 |
Is Nicholas Charitable Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nicholas Charitable Trust
Nicholas Charitable Trust (EIN: 256785253) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T99. The organization reported total revenue of $116K and total assets of $718 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nicholas Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nicholas Charitable Trust is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $103K |
| Surplus / Deficit | $-88,464 |
| Total Assets | $718 |
| Total Liabilities | $1 |
| Net Assets | $717 |
| Operating Margin | -592.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2023, Nicholas Charitable Trust reported a deficit of $88K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Nicholas Charitable Trust's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +249.7% | +566.0% | -99.2% |
| 2022 | -66.3% | +0.8% | -11.2% |
| 2021 | +47.1% | +3.2% | -2.7% |
| 2020 | -26.9% | +8.6% | -5.8% |
| 2019 | +117.5% | -27.6% | -22.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nicholas Charitable 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 Nicholas Charitable 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 $88K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Nicholas Charitable Trust
Is Nicholas Charitable Trust a legitimate charity?
Nicholas Charitable Trust (EIN: 256785253) is a registered tax-exempt nonprofit based in Nevada. It has 10 years of IRS 990 filings on record. Total revenue: $116K. No red flags identified. Financial health grade: C.
How does Nicholas Charitable Trust spend its money?
Nicholas Charitable Trust reported $116K 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 Nicholas Charitable Trust tax-deductible?
Nicholas Charitable Trust is registered as a tax-exempt nonprofit (EIN: 256785253). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nicholas Charitable Trust located?
Nicholas Charitable Trust is headquartered in Las Vegas, Nevada and files with the IRS under EIN 256785253. It is classified under NTEE code T99.
How many years of IRS 990 filings does Nicholas Charitable Trust have?
Nicholas Charitable 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 $116K in total revenue.
Filing History
IRS 990 filing history for Nicholas Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nicholas Charitable Trust's revenue has declined by 53.1%, moving from $32K to $15K. Total assets decreased by 99.7% over the same period, from $211K to $718. Total functional expenses rose by 793.6%, from $12K to $103K. In its most recent filing year (2023), Nicholas Charitable Trust reported a deficit of $88K, with expenses exceeding revenue. The organization holds $1 in liabilities against $718 in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $717.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $103K | $718 | $1 | — | — |
| 2022 | $4K | $16K | $89K | $1 | — | View 990 |
| 2021 | $13K | $15K | $100K | $1 | — | — |
| 2020 | $9K | $15K | $103K | $1 | — | View 990 |
| 2019 | $12K | $14K | $109K | $1 | — | View 990 |
| 2015 | $5K | $19K | $141K | $0 | — | View 990 |
| 2014 | $15K | $19K | $154K | $0 | — | View 990 |
| 2013 | $10K | $19K | $159K | $0 | — | View 990 |
| 2012 | $2K | $45K | $168K | $1 | — | View 990 |
| 2011 | $32K | $12K | $211K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $103K, and assets of $718 (revenue +249.7% year-over-year).
- 2022: Revenue of $4K, expenses of $16K, and assets of $89K (revenue -66.3% year-over-year).
- 2021: Revenue of $13K, expenses of $15K, and assets of $100K (revenue +47.1% year-over-year).
- 2020: Revenue of $9K, expenses of $15K, and assets of $103K (revenue -26.9% year-over-year).
- 2019: Revenue of $12K, expenses of $14K, and assets of $109K (revenue +117.5% year-over-year).
- 2015: Revenue of $5K, expenses of $19K, and assets of $141K (revenue -64.0% year-over-year).
- 2014: Revenue of $15K, expenses of $19K, and assets of $154K (revenue +56.5% year-over-year).
- 2013: Revenue of $10K, expenses of $19K, and assets of $159K (revenue +389.1% year-over-year).
- 2012: Revenue of $2K, expenses of $45K, and assets of $168K (revenue -93.8% year-over-year).
- 2011: Revenue of $32K, expenses of $12K, and assets of $211K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nicholas Charitable Trust:
Data Sources and Methodology
This transparency report for Nicholas 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.