Skeet Phillips And Louise Phillips Trust
EIN: 731291173 · Oklahoma City, OK
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $23K |
| Net Assets | $348K |
Is Skeet Phillips And Louise Phillips Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Skeet Phillips And Louise Phillips Trust
Skeet Phillips And Louise Phillips Trust (EIN: 731291173) is a nonprofit organization based in Oklahoma City, OK. The organization reported total revenue of $89K and total assets of $343K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skeet Phillips And Louise Phillips Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skeet Phillips And Louise Phillips Trust is a micro nonprofit that has been operating for 38 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $23K |
| Surplus / Deficit | +$730 |
| Total Assets | $348K |
| Total Liabilities | $1 |
| Net Assets | $348K |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 179.7 months |
Financial Health Grade: A
In 2023, Skeet Phillips And Louise Phillips Trust reported a surplus of $730 with revenue exceeding expenses, holds 179.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2014–2023), Skeet Phillips And Louise Phillips Trust's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.4% | -11.8% | +0.1% |
| 2022 | -50.0% | +6.2% | -2.2% |
| 2021 | +33.6% | +1.5% | +3.6% |
| 2020 | +39.1% | +22.6% | +1.1% |
| 2019 | -18.7% | -19.2% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Skeet Phillips And Louise Phillips 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 Skeet Phillips And Louise Phillips 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 surplus of $730, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Skeet Phillips And Louise Phillips Trust
Is Skeet Phillips And Louise Phillips Trust a legitimate charity?
Skeet Phillips And Louise Phillips Trust (EIN: 731291173) is a registered tax-exempt nonprofit based in Oklahoma. It has 7 years of IRS 990 filings on record. Total revenue: $89K. No red flags identified. Financial health grade: A.
How does Skeet Phillips And Louise Phillips Trust spend its money?
Skeet Phillips And Louise Phillips Trust reported $89K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Skeet Phillips And Louise Phillips Trust tax-deductible?
Skeet Phillips And Louise Phillips Trust is registered as a tax-exempt nonprofit (EIN: 731291173). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Skeet Phillips And Louise Phillips Trust located?
Skeet Phillips And Louise Phillips Trust is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 731291173.
How many years of IRS 990 filings does Skeet Phillips And Louise Phillips Trust have?
Skeet Phillips And Louise Phillips Trust has 7 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 $89K in total revenue.
Filing History
IRS 990 filing history for Skeet Phillips And Louise Phillips Trust showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Skeet Phillips And Louise Phillips Trust's revenue has declined by 30.7%, moving from $35K to $24K. Total assets increased by 0.8% over the same period, from $345K to $348K. Total functional expenses rose by 8.9%, from $21K to $23K. In its most recent filing year (2023), Skeet Phillips And Louise Phillips Trust reported a surplus of $730, with revenue exceeding expenses. The organization holds $1 in liabilities against $348K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $348K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $23K | $348K | $1 | — | — |
| 2022 | $19K | $26K | $348K | $1 | — | — |
| 2021 | $37K | $25K | $355K | $1 | — | — |
| 2020 | $28K | $24K | $343K | $1 | — | View 990 |
| 2019 | $20K | $20K | $339K | $0 | — | View 990 |
| 2015 | $25K | $25K | $345K | $0 | — | View 990 |
| 2014 | $35K | $21K | $345K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $23K, and assets of $348K (revenue +28.4% year-over-year).
- 2022: Revenue of $19K, expenses of $26K, and assets of $348K (revenue -50.0% year-over-year).
- 2021: Revenue of $37K, expenses of $25K, and assets of $355K (revenue +33.6% year-over-year).
- 2020: Revenue of $28K, expenses of $24K, and assets of $343K (revenue +39.1% year-over-year).
- 2019: Revenue of $20K, expenses of $20K, and assets of $339K (revenue -18.7% year-over-year).
- 2015: Revenue of $25K, expenses of $25K, and assets of $345K (revenue -28.6% year-over-year).
- 2014: Revenue of $35K, expenses of $21K, and assets of $345K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skeet Phillips And Louise Phillips Trust:
Data Sources and Methodology
This transparency report for Skeet Phillips And Louise Phillips 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.