The Ano Charitable Foundation Trust
The Ano Charitable Foundation Trust experiences significant asset and revenue growth after years of stable, modest operations.
EIN: 10511365 · Okatie, SC · NTEE: T22Z · Updated: 2026-03-27
Is The Ano Charitable Foundation Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Ano Charitable Foundation Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ano Charitable Foundation Trust
The Ano Charitable Foundation Trust (EIN: 10511365) is a nonprofit organization based in Okatie, SC, classified under NTEE code T22Z. The organization reported total revenue of $1.1M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ano Charitable Foundation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Ano Charitable Foundation Trust 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, The Ano Charitable Foundation Trust 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.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is highly favorable for minimizing overhead relative to its size.
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 The Ano Charitable Foundation Trust's IRS 990 filings:
- Inconsistent revenue generation in prior periods, with expenses exceeding revenue in multiple years (e.g., 202212, 202112, 202012, 201912, 201112), indicating reliance on asset drawdowns or prior surpluses.
Strengths
The following positive indicators were identified for The Ano Charitable Foundation Trust:
- Consistent 0% officer compensation across all filings, indicating very low administrative overhead related to executive salaries.
- Significant growth in assets and revenue in the latest period, suggesting increased capacity for future charitable activities.
- Historically low liabilities, demonstrating sound financial management and minimal debt burden.
- Consistent filing of IRS Form 990s, providing transparency into its financial operations.
Frequently Asked Questions about The Ano Charitable Foundation Trust
Is The Ano Charitable Foundation Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, The Ano Charitable Foundation Trust (EIN: 10511365) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does The Ano Charitable Foundation Trust spend its money?
The Ano Charitable Foundation Trust directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Ano Charitable Foundation Trust tax-deductible?
The Ano Charitable Foundation Trust is registered as a tax-exempt nonprofit (EIN: 10511365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in assets and revenue in the latest period?
The provided data shows a jump in 'Latest Revenue' to $1,143,802 and 'Assets' to $1,424,173, which is a substantial increase from the 202312 period's reported revenue of $149,839 and assets of $368,444. This suggests a major new donation or endowment received, significantly boosting the foundation's financial capacity.
How does the organization manage its operations without officer compensation?
The consistent 0% officer compensation across all filings implies that the organization likely relies on volunteer leadership, pro-bono services, or that any compensated roles are not classified as 'officer' positions for IRS reporting purposes. This structure helps keep administrative costs low.
What is the primary purpose of The Ano Charitable Foundation Trust?
Given its NTEE Code T22Z (Foundations, Grantmaking & Giving Services, Other) and its financial patterns of managing assets and distributing funds, the organization primarily functions as a grant-making foundation, supporting other charitable causes.
Filing History
IRS 990 filing history for The Ano Charitable Foundation Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Ano Charitable Foundation Trust's revenue has grown by 578.4%, moving from $22K to $150K. Total assets increased by 9.1% over the same period, from $338K to $368K. Total functional expenses rose by 52.7%, from $42K to $64K. In its most recent filing year (2023), The Ano Charitable Foundation Trust reported a surplus of $85K, with revenue exceeding expenses. The organization holds $9K in liabilities against $368K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $360K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $150K | $64K | $368K | $9K | — | — |
| 2022 | $38K | $53K | $310K | $37K | — | View 990 |
| 2021 | $75K | $81K | $289K | $1 | — | View 990 |
| 2020 | $47K | $79K | $295K | $1 | — | — |
| 2019 | $43K | $76K | $328K | $1 | — | View 990 |
| 2015 | $51K | $39K | $418K | $1 | — | View 990 |
| 2014 | $76K | $37K | $406K | $1 | — | View 990 |
| 2013 | $50K | $31K | $363K | $1 | — | View 990 |
| 2012 | $41K | $36K | $343K | $1 | — | View 990 |
| 2011 | $22K | $42K | $338K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150K, expenses of $64K, and assets of $368K (revenue +294.8% year-over-year).
- 2022: Revenue of $38K, expenses of $53K, and assets of $310K (revenue -49.7% year-over-year).
- 2021: Revenue of $75K, expenses of $81K, and assets of $289K (revenue +61.4% year-over-year).
- 2020: Revenue of $47K, expenses of $79K, and assets of $295K (revenue +9.4% year-over-year).
- 2019: Revenue of $43K, expenses of $76K, and assets of $328K (revenue -16.0% year-over-year).
- 2015: Revenue of $51K, expenses of $39K, and assets of $418K (revenue -33.0% year-over-year).
- 2014: Revenue of $76K, expenses of $37K, and assets of $406K (revenue +50.5% year-over-year).
- 2013: Revenue of $50K, expenses of $31K, and assets of $363K (revenue +22.9% year-over-year).
- 2012: Revenue of $41K, expenses of $36K, and assets of $343K (revenue +85.7% year-over-year).
- 2011: Revenue of $22K, expenses of $42K, and assets of $338K.
Data Sources and Methodology
This transparency report for The Ano Charitable Foundation 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.