Royal Ethiopian Trust Inc
EIN: 934041676 · Centerbrook, CT · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $228K |
| Total Expenses | $5K |
| Net Assets | $45K |
Is Royal Ethiopian Trust Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Royal Ethiopian Trust Inc
Royal Ethiopian Trust Inc (EIN: 934041676) is a nonprofit organization based in Centerbrook, CT, classified under NTEE code A23. The organization reported total revenue of $228K and total assets of $195K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Royal Ethiopian Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Royal Ethiopian Trust Inc is a small nonprofit that has been operating for 2 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $5K |
| Surplus / Deficit | +$45K |
| Total Assets | $49K |
| Total Liabilities | $4K |
| Net Assets | $45K |
| Operating Margin | 90.4% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 123.0 months |
Financial Health Grade: A
In 2023, Royal Ethiopian Trust Inc reported a surplus of $45K with revenue exceeding expenses, holds 123.0 months of operating reserves (strong position), has a debt-to-asset ratio of 8.3% (very low leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Royal Ethiopian Trust Inc 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 Royal Ethiopian Trust Inc 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 surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.3%.
Frequently Asked Questions about Royal Ethiopian Trust Inc
Is Royal Ethiopian Trust Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Royal Ethiopian Trust Inc (EIN: 934041676) insufficient data. 0 red flags identified, 0 strengths noted.
How does Royal Ethiopian Trust Inc spend its money?
Detailed spending breakdown data is not yet available for Royal Ethiopian Trust Inc. Check back for updated IRS 990 analysis.
Are donations to Royal Ethiopian Trust Inc tax-deductible?
Royal Ethiopian Trust Inc is registered as a tax-exempt nonprofit (EIN: 934041676). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Royal Ethiopian Trust Inc located?
Royal Ethiopian Trust Inc is headquartered in Centerbrook, Connecticut and files with the IRS under EIN 934041676. It is classified under NTEE code A23.
Filing History
IRS 990 filing history for Royal Ethiopian Trust Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Royal Ethiopian Trust Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $4K in liabilities against $49K in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $45K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $5K | $49K | $4K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Royal Ethiopian Trust Inc:
Data Sources and Methodology
This transparency report for Royal Ethiopian 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.