Social Enterprises Trust Inc
Social Enterprises Trust Inc shows strong revenue growth and zero officer compensation, indicating efficient resource use.
EIN: 201452405 · Hartford, CT · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $885K |
| Total Expenses | $928K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $442K |
| Transparency Score | 92/100 |
Is Social Enterprises Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Social Enterprises Trust Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Social Enterprises Trust Inc
Social Enterprises Trust Inc (EIN: 201452405) is a nonprofit organization based in Hartford, CT, classified under NTEE code P20. The organization reported total revenue of $885K and total assets of $634K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Social Enterprises Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Social Enterprises Trust Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $928K |
| Surplus / Deficit | +$288K |
| Total Assets | $686K |
| Total Liabilities | $244K |
| Net Assets | $442K |
| Operating Margin | 23.7% |
| Debt-to-Asset Ratio | 35.5% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2023, Social Enterprises Trust Inc reported a surplus of $288K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 35.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Social Enterprises Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +96.0% | +57.2% | +65.1% |
| 2022 | +10.4% | +20.1% | +120.6% |
| 2021 | +57.4% | +22.9% | +64.4% |
| 2020 | -19.0% | -5.0% | -20.0% |
| 2019 | +5.8% | +4.2% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Social Enterprises Trust Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Social Enterprises Trust Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $288K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, indicating that no salaries are paid to its officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with revenue exceeding $1.2 million in 2023.
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 Social Enterprises Trust Inc's IRS 990 filings:
- Unusually low liabilities relative to assets in some periods, which could indicate specific funding structures or rapid asset acquisition.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary data, making precise efficiency calculations difficult without full 990 review.
Strengths
The following positive indicators were identified for Social Enterprises Trust Inc:
- Consistent 0% officer compensation across all filings, indicating high dedication of resources to mission.
- Significant revenue growth, nearly doubling from $620,393 in 2022 to $1,215,937 in 2023.
- Strong asset growth, increasing from $415,279 in 2022 to $685,630 in 2023, enhancing financial stability.
- Positive net income in most recent periods (e.g., $1,215,937 revenue vs. $927,703 expenses in 2023), demonstrating effective financial management.
- Healthy net asset position, with net assets growing to $441,992 in 2023.
Frequently Asked Questions about Social Enterprises Trust Inc
Is Social Enterprises Trust Inc a legitimate charity?
Social Enterprises Trust Inc (EIN: 201452405) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $885K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Social Enterprises Trust Inc spend its money?
Social Enterprises Trust Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Social Enterprises Trust Inc tax-deductible?
Social Enterprises Trust Inc is registered as a tax-exempt nonprofit (EIN: 201452405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Social Enterprises Trust Inc CEO make?
Social Enterprises Trust Inc's highest-compensated officer earns $1.2 annually. The organization reported $885K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Social Enterprises Trust Inc's spending goes to programs?
Social Enterprises Trust Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Social Enterprises Trust Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Social Enterprises Trust Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Social Enterprises Trust Inc located?
Social Enterprises Trust Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 201452405. It is classified under NTEE code P20.
How many years of IRS 990 filings does Social Enterprises Trust Inc have?
Social Enterprises Trust Inc has 13 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 $885K in total revenue.
Is Social Enterprises Trust Inc a good charity?
Based on the available IRS 990 data, Social Enterprises Trust Inc appears to be a good charity. It demonstrates strong financial growth, maintains a healthy asset base, and notably reports 0% officer compensation, suggesting a high dedication of resources to its mission.
How has Social Enterprises Trust Inc's revenue changed over time?
Social Enterprises Trust Inc has experienced significant revenue growth, particularly in recent years. Revenue increased from $620,393 in 2022 to $1,215,937 in 2023, nearly doubling in a single year. This follows a trend of consistent growth from $357,186 in 2020.
What is the financial stability of Social Enterprises Trust Inc?
The organization's financial stability appears strong. Its assets have grown substantially, reaching $685,630 in 2023, while liabilities are manageable at $243,638 for the same period. This indicates a healthy financial position with sufficient reserves.
Does Social Enterprises Trust Inc pay its executives?
No, according to all available IRS 990 filings from 2014 to 2023, Social Enterprises Trust Inc consistently reports 0% officer compensation, meaning no salaries are paid to its officers, directors, trustees, or key employees.
What is the trend in Social Enterprises Trust Inc's net assets?
Social Enterprises Trust Inc has shown a positive trend in net assets. Net assets (Assets minus Liabilities) increased from $153,758 in 2022 ($415,279 - $261,521) to $441,992 in 2023 ($685,630 - $243,638), indicating a significant strengthening of its financial foundation.
Filing History
IRS 990 filing history for Social Enterprises Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Social Enterprises Trust Inc's revenue has grown by 770.1%, moving from $140K to $1.2M. Total assets increased by 1280.1% over the same period, from $50K to $686K. Total functional expenses rose by 611.5%, from $130K to $928K. In its most recent filing year (2023), Social Enterprises Trust Inc reported a surplus of $288K, with revenue exceeding expenses. The organization holds $244K in liabilities against $686K in assets (debt-to-asset ratio: 35.5%), resulting in net assets of $442K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $928K | $686K | $244K | — | — |
| 2022 | $620K | $590K | $415K | $262K | — | View 990 |
| 2021 | $562K | $491K | $188K | $65K | — | View 990 |
| 2020 | $357K | $400K | $114K | $62K | — | View 990 |
| 2019 | $441K | $421K | $143K | $47K | — | View 990 |
| 2018 | $417K | $404K | $135K | $59K | — | View 990 |
| 2017 | $491K | $492K | $163K | $100K | — | View 990 |
| 2016 | $576K | $811K | $139K | $90K | — | View 990 |
| 2015 | $770K | $700K | $416K | $132K | — | View 990 |
| 2014 | $526K | $730K | $247K | $34K | — | View 990 |
| 2013 | $850K | $500K | $462K | $45K | — | View 990 |
| 2012 | $145K | $77K | $114K | $0 | — | View 990 |
| 2011 | $140K | $130K | $50K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $928K, and assets of $686K (revenue +96.0% year-over-year).
- 2022: Revenue of $620K, expenses of $590K, and assets of $415K (revenue +10.4% year-over-year).
- 2021: Revenue of $562K, expenses of $491K, and assets of $188K (revenue +57.4% year-over-year).
- 2020: Revenue of $357K, expenses of $400K, and assets of $114K (revenue -19.0% year-over-year).
- 2019: Revenue of $441K, expenses of $421K, and assets of $143K (revenue +5.8% year-over-year).
- 2018: Revenue of $417K, expenses of $404K, and assets of $135K (revenue -15.2% year-over-year).
- 2017: Revenue of $491K, expenses of $492K, and assets of $163K (revenue -14.7% year-over-year).
- 2016: Revenue of $576K, expenses of $811K, and assets of $139K (revenue -25.2% year-over-year).
- 2015: Revenue of $770K, expenses of $700K, and assets of $416K (revenue +46.5% year-over-year).
- 2014: Revenue of $526K, expenses of $730K, and assets of $247K (revenue -38.1% year-over-year).
- 2013: Revenue of $850K, expenses of $500K, and assets of $462K (revenue +488.1% year-over-year).
- 2012: Revenue of $145K, expenses of $77K, and assets of $114K (revenue +3.5% year-over-year).
- 2011: Revenue of $140K, expenses of $130K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Social Enterprises Trust Inc:
Data Sources and Methodology
This transparency report for Social Enterprises 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.