T 2961 Charitable Trust Uw T Luce
T 2961 Charitable Trust maintains stable assets with zero officer compensation.
EIN: 136029703 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $868K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.3M |
| Transparency Score | 85/100 |
Is T 2961 Charitable Trust Uw T Luce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
T 2961 Charitable Trust Uw T Luce directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About T 2961 Charitable Trust Uw T Luce
T 2961 Charitable Trust Uw T Luce (EIN: 136029703) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $3.1M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of T 2961 Charitable Trust Uw T Luce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
T 2961 Charitable Trust Uw T Luce is a mid-size nonprofit that has been operating for 53 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $674K |
| Total Expenses | $868K |
| Surplus / Deficit | $-194,631 |
| Total Assets | $11.3M |
| Total Liabilities | $1 |
| Net Assets | $11.3M |
| Operating Margin | -28.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 156.5 months |
Financial Health Grade: B
In 2024, T 2961 Charitable Trust Uw T Luce reported a deficit of $195K with expenses exceeding revenue, holds 156.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), T 2961 Charitable Trust Uw T Luce's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -18.6% | -20.6% | -1.9% |
| 2023 | +26.2% | +22.9% | -1.8% |
| 2022 | -25.1% | +10.3% | -1.6% |
| 2021 | +30.1% | +59.2% | +0.6% |
| 2020 | -24.4% | -40.5% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 T 2961 Charitable Trust Uw T Luce with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, T 2961 Charitable Trust Uw T Luce allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $195K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a trust of this size with assets over $11 million.
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 T 2961 Charitable Trust Uw T Luce's IRS 990 filings:
- NTEE code is unknown, limiting understanding of specific mission focus.
Strengths
The following positive indicators were identified for T 2961 Charitable Trust Uw T Luce:
- Consistent zero officer compensation across all filings, indicating efficient governance.
- Strong and stable asset base, consistently over $10 million.
- Minimal liabilities ($0 or $1) across all reported periods, indicating strong financial health.
- Extensive filing history (11 filings) demonstrates transparency and compliance.
Frequently Asked Questions about T 2961 Charitable Trust Uw T Luce
Is T 2961 Charitable Trust Uw T Luce a legitimate charity?
T 2961 Charitable Trust Uw T Luce (EIN: 136029703) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $3.1M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does T 2961 Charitable Trust Uw T Luce spend its money?
T 2961 Charitable Trust Uw T Luce directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to T 2961 Charitable Trust Uw T Luce tax-deductible?
T 2961 Charitable Trust Uw T Luce is registered as a tax-exempt nonprofit (EIN: 136029703). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the T 2961 Charitable Trust Uw T Luce CEO make?
T 2961 Charitable Trust Uw T Luce's highest-compensated officer earns $11 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is T 2961 Charitable Trust Uw T Luce located?
T 2961 Charitable Trust Uw T Luce is headquartered in Chicago, Illinois and files with the IRS under EIN 136029703.
How many years of IRS 990 filings does T 2961 Charitable Trust Uw T Luce have?
T 2961 Charitable Trust Uw T Luce has 11 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 $3.1M in total revenue.
What specific programs or organizations does T 2961 Charitable Trust support?
The provided data does not specify the NTEE code or provide details on the trust's grant recipients or specific programmatic activities. Further investigation into the full 990 forms would be required to identify its beneficiaries.
How does the trust manage its investment portfolio to maintain its asset base?
While the trust consistently maintains a strong asset base (over $11 million), the provided data does not detail its investment strategies or portfolio management practices. This information would typically be found in the full 990 forms.
What is the reason for the fluctuations in annual revenue and expenses?
As a charitable trust, revenue often includes investment income, which can fluctuate with market conditions. Expenses primarily consist of grants and administrative costs. The specific reasons for year-to-year variations would require a deeper dive into the detailed financial statements.
Filing History
IRS 990 filing history for T 2961 Charitable Trust Uw T Luce showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), T 2961 Charitable Trust Uw T Luce's revenue has declined by 66%, moving from $2.0M to $674K. Total assets increased by 18.7% over the same period, from $9.5M to $11.3M. Total functional expenses fell by 3.1%, from $897K to $868K. In its most recent filing year (2024), T 2961 Charitable Trust Uw T Luce reported a deficit of $195K, with expenses exceeding revenue. The organization holds $1 in liabilities against $11.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $674K | $868K | $11.3M | $1 | — | View 990 |
| 2023 | $827K | $1.1M | $11.5M | $1 | — | View 990 |
| 2022 | $655K | $890K | $11.8M | $1 | — | View 990 |
| 2021 | $875K | $807K | $11.9M | $1 | — | View 990 |
| 2020 | $672K | $507K | $11.9M | $1 | — | View 990 |
| 2016 | $889K | $851K | $10.9M | $0 | — | View 990 |
| 2015 | $1.6M | $832K | $10.9M | $0 | — | View 990 |
| 2014 | $1.4M | $796K | $10.1M | $0 | — | View 990 |
| 2013 | $984K | $809K | $9.5M | $0 | — | View 990 |
| 2012 | $525K | $766K | $9.3M | $0 | — | View 990 |
| 2011 | $2.0M | $897K | $9.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $674K, expenses of $868K, and assets of $11.3M (revenue -18.6% year-over-year).
- 2023: Revenue of $827K, expenses of $1.1M, and assets of $11.5M (revenue +26.2% year-over-year).
- 2022: Revenue of $655K, expenses of $890K, and assets of $11.8M (revenue -25.1% year-over-year).
- 2021: Revenue of $875K, expenses of $807K, and assets of $11.9M (revenue +30.1% year-over-year).
- 2020: Revenue of $672K, expenses of $507K, and assets of $11.9M (revenue -24.4% year-over-year).
- 2016: Revenue of $889K, expenses of $851K, and assets of $10.9M (revenue -44.5% year-over-year).
- 2015: Revenue of $1.6M, expenses of $832K, and assets of $10.9M (revenue +16.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $796K, and assets of $10.1M (revenue +40.2% year-over-year).
- 2013: Revenue of $984K, expenses of $809K, and assets of $9.5M (revenue +87.5% year-over-year).
- 2012: Revenue of $525K, expenses of $766K, and assets of $9.3M (revenue -73.5% year-over-year).
- 2011: Revenue of $2.0M, expenses of $897K, and assets of $9.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for T 2961 Charitable Trust Uw T Luce:
Data Sources and Methodology
This transparency report for T 2961 Charitable Trust Uw T Luce 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.