Phelps Trust Fbo Tuttle Fund
Phelps Trust Fbo Tuttle Fund reports $19M in assets but a $340K operational deficit in its latest filing.
EIN: 136026698 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $1.3M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $19.0M |
| Transparency Score | 65/100 |
Is Phelps Trust Fbo Tuttle Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phelps Trust Fbo Tuttle Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Phelps Trust Fbo Tuttle Fund
Phelps Trust Fbo Tuttle Fund (EIN: 136026698) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $6.0M and total assets of $19.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phelps Trust Fbo Tuttle Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phelps Trust Fbo Tuttle Fund is a mid-size nonprofit.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $927K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-340,463 |
| Total Assets | $19.0M |
| Total Liabilities | $1 |
| Net Assets | $19.0M |
| Operating Margin | -36.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.1 months |
Financial Health Grade: B
In 2023, Phelps Trust Fbo Tuttle Fund reported a deficit of $340K with expenses exceeding revenue, holds 180.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Phelps Trust Fbo Tuttle Fund with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Phelps Trust Fbo Tuttle Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 deficit of $340K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reported 0% officer compensation, suggesting either a volunteer-led executive team or that executive compensation is covered under other expense categories, which would require further clarification to fully assess relative to the organization's $1.2 million in expenses.
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 Phelps Trust Fbo Tuttle Fund's IRS 990 filings:
- Operational deficit: Expenses ($1,267,814) exceeded revenue ($927,351) in the latest filing period.
- Limited transparency on program spending details in the provided data.
Strengths
The following positive indicators were identified for Phelps Trust Fbo Tuttle Fund:
- Strong asset base: Over $19 million in assets provides significant financial stability.
- No reported officer compensation, potentially indicating efficient leadership or volunteer-driven executive roles.
Frequently Asked Questions about Phelps Trust Fbo Tuttle Fund
Is Phelps Trust Fbo Tuttle Fund a legitimate charity?
Phelps Trust Fbo Tuttle Fund (EIN: 136026698) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 65/100. Total revenue: $6.0M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Phelps Trust Fbo Tuttle Fund spend its money?
Phelps Trust Fbo Tuttle Fund directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Phelps Trust Fbo Tuttle Fund tax-deductible?
Phelps Trust Fbo Tuttle Fund is registered as a tax-exempt nonprofit (EIN: 136026698). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Phelps Trust Fbo Tuttle Fund CEO make?
Phelps Trust Fbo Tuttle Fund's highest-compensated officer earns $1.2 annually. The organization reported $6.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Phelps Trust Fbo Tuttle Fund's spending goes to programs?
Phelps Trust Fbo Tuttle Fund directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Phelps Trust Fbo Tuttle Fund located?
Phelps Trust Fbo Tuttle Fund is headquartered in Chicago, Illinois and files with the IRS under EIN 136026698.
Is Phelps Trust Fbo Tuttle Fund a good charity?
Based on the available data, the Phelps Trust Fbo Tuttle Fund has a strong asset base of over $19 million, which is a positive indicator of financial stability. However, the operational deficit of $340,463 in the latest period (expenses of $1,267,814 vs. revenue of $927,351) suggests that it spent more than it brought in that year. The absence of officer compensation is notable, but without a detailed breakdown of program vs. administrative spending, it's difficult to fully assess its efficiency and impact.
What caused the operational deficit in the latest filing?
The IRS 990 filing for the 202312 period shows expenses of $1,267,814 against revenue of $927,351, resulting in a deficit of $340,463. The specific causes of this deficit are not detailed in the provided summary, but it indicates that the organization's outflows exceeded its inflows for that particular year.
How does the organization manage its significant assets?
The organization holds substantial assets of $19,028,182. While the data doesn't detail the specific investment strategies or asset management practices, this large asset base provides a strong financial cushion and potential for generating investment income to support its mission, despite the recent operational deficit.
Filing History
IRS 990 filing history for Phelps Trust Fbo Tuttle Fund showing financial trends over 1 year of public records:
In its most recent filing year (2023), Phelps Trust Fbo Tuttle Fund reported a deficit of $340K, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $927K | $1.3M | $19.0M | $1 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phelps Trust Fbo Tuttle Fund:
Data Sources and Methodology
This transparency report for Phelps Trust Fbo Tuttle Fund 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.