Somerset Trust
EIN: 726112188 · Newellton, LA
| Metric | Value |
|---|---|
| Total Revenue | $235 |
| Total Expenses | $501 |
| Net Assets | $23K |
Is Somerset Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Somerset Trust
Somerset Trust (EIN: 726112188) is a nonprofit organization based in Newellton, LA. The organization reported total revenue of $235 and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerset Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somerset Trust is a micro nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $501 |
| Surplus / Deficit | +$696 |
| Total Assets | $23K |
| Total Liabilities | $1 |
| Net Assets | $23K |
| Operating Margin | 58.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 559.5 months |
Financial Health Grade: A
In 2023, Somerset Trust reported a surplus of $696 with revenue exceeding expenses, holds 559.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Somerset Trust's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -78.4% | — | +3.1% |
| 2022 | +15322.2% | -100.0% | +32.4% |
| 2021 | -26.5% | -50.0% | +0.2% |
| 2020 | -58.8% | +0.0% | +0.3% |
| 2019 | +142.9% | -99.8% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Somerset 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 Somerset 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 $696, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Somerset Trust
Is Somerset Trust a legitimate charity?
Somerset Trust (EIN: 726112188) is a registered tax-exempt nonprofit based in Louisiana. It has 10 years of IRS 990 filings on record. Total revenue: $235. No red flags identified. Financial health grade: A.
How does Somerset Trust spend its money?
Somerset Trust reported $235 in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Somerset Trust tax-deductible?
Somerset Trust is registered as a tax-exempt nonprofit (EIN: 726112188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Somerset Trust located?
Somerset Trust is headquartered in Newellton, Louisiana and files with the IRS under EIN 726112188.
How many years of IRS 990 filings does Somerset Trust have?
Somerset 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 $235 in total revenue.
Filing History
IRS 990 filing history for Somerset Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Somerset Trust's revenue has grown by 436.8%, moving from $223 to $1K. Total assets increased by 9.3% over the same period, from $21K to $23K. Total functional expenses fell by 76.2%, from $2K to $501. In its most recent filing year (2023), Somerset Trust reported a surplus of $696, with revenue exceeding expenses. The organization holds $1 in liabilities against $23K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $501 | $23K | $1 | — | — |
| 2022 | $6K | $0 | $23K | $1 | — | View 990 |
| 2021 | $36 | $1 | $17K | $1 | — | — |
| 2020 | $49 | $2 | $17K | $1 | — | — |
| 2019 | $119 | $2 | $17K | $1 | — | View 990 |
| 2015 | $49 | $1K | $17K | $0 | — | View 990 |
| 2014 | $63 | $1K | $18K | $0 | — | View 990 |
| 2013 | $92 | $1K | $20K | $0 | — | View 990 |
| 2012 | $173 | $1K | $20K | $0 | — | View 990 |
| 2011 | $223 | $2K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $501, and assets of $23K (revenue -78.4% year-over-year).
- 2022: Revenue of $6K, expenses of $0, and assets of $23K (revenue +15322.2% year-over-year).
- 2021: Revenue of $36, expenses of $1, and assets of $17K (revenue -26.5% year-over-year).
- 2020: Revenue of $49, expenses of $2, and assets of $17K (revenue -58.8% year-over-year).
- 2019: Revenue of $119, expenses of $2, and assets of $17K (revenue +142.9% year-over-year).
- 2015: Revenue of $49, expenses of $1K, and assets of $17K (revenue -22.2% year-over-year).
- 2014: Revenue of $63, expenses of $1K, and assets of $18K (revenue -31.5% year-over-year).
- 2013: Revenue of $92, expenses of $1K, and assets of $20K (revenue -46.8% year-over-year).
- 2012: Revenue of $173, expenses of $1K, and assets of $20K (revenue -22.4% year-over-year).
- 2011: Revenue of $223, expenses of $2K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somerset Trust:
Data Sources and Methodology
This transparency report for Somerset 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.