Trust Under Deed From Charities Inc Dated May 26 1970
Grant-making organization frequently operates at a deficit, drawing on assets despite zero executive compensation.
EIN: 205520273 · Greenville, SC · NTEE: T90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $49K |
| Total Expenses | $83K |
| Program Spending | 80% |
| Net Assets | $1.9M |
| Transparency Score | 65/100 |
Is Trust Under Deed From Charities Inc Dated May 26 1970 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trust Under Deed From Charities Inc Dated May 26 1970 directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trust Under Deed From Charities Inc Dated May 26 1970
Trust Under Deed From Charities Inc Dated May 26 1970 (EIN: 205520273) is a nonprofit organization based in Greenville, SC, classified under NTEE code T90. The organization reported total revenue of $49K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trust Under Deed From Charities Inc Dated May 26 1970's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trust Under Deed From Charities Inc Dated May 26 1970 is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $83K |
| Surplus / Deficit | $-32,178 |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | -63.5% |
| Months of Reserves | 269.1 months |
Financial Health Grade: B
In 2023, Trust Under Deed From Charities Inc Dated May 26 1970 reported a deficit of $32K with expenses exceeding revenue, holds 269.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Trust Under Deed From Charities Inc Dated May 26 1970's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | +9.3% | +4.4% |
| 2022 | -52.7% | -33.4% | -12.8% |
| 2021 | +289.6% | +62.8% | +8.7% |
| 2020 | -88.6% | -13.3% | +2.2% |
| 2019 | +131.0% | +12.4% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2006 |
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 Trust Under Deed From Charities Inc Dated May 26 1970 with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Trust Under Deed From Charities Inc Dated May 26 1970 allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $32K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly favorable for donor confidence and efficient use of funds.
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 Trust Under Deed From Charities Inc Dated May 26 1970's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2021, 2020).
- Highly volatile revenue streams, making financial planning and sustainability challenging (e.g., $232,871 in 2019 vs. $26,598 in 2020).
Strengths
The following positive indicators were identified for Trust Under Deed From Charities Inc Dated May 26 1970:
- Zero officer compensation reported across all filings, indicating efficient use of funds and high transparency regarding executive pay.
- Stable and substantial asset base (around $1.5M - $2M), providing a buffer against revenue shortfalls.
- Zero liabilities reported, indicating strong financial health and no outstanding debts.
Frequently Asked Questions about Trust Under Deed From Charities Inc Dated May 26 1970
Is Trust Under Deed From Charities Inc Dated May 26 1970 a legitimate charity?
Based on AI analysis of IRS 990 filings, Trust Under Deed From Charities Inc Dated May 26 1970 (EIN: 205520273) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Trust Under Deed From Charities Inc Dated May 26 1970 spend its money?
Trust Under Deed From Charities Inc Dated May 26 1970 directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trust Under Deed From Charities Inc Dated May 26 1970 tax-deductible?
Trust Under Deed From Charities Inc Dated May 26 1970 is registered as a tax-exempt nonprofit (EIN: 205520273). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Trust Under Deed From Charities Inc Dated May 26 1970's spending goes to programs?
Trust Under Deed From Charities Inc Dated May 26 1970 directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Trust Under Deed From Charities Inc Dated May 26 1970 compare to similar nonprofits?
With a transparency score of 65/100 (Good), Trust Under Deed From Charities Inc Dated May 26 1970 is above average for NTEE category T90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trust Under Deed From Charities Inc Dated May 26 1970 located?
Trust Under Deed From Charities Inc Dated May 26 1970 is headquartered in Greenville, South Carolina and files with the IRS under EIN 205520273. It is classified under NTEE code T90.
How many years of IRS 990 filings does Trust Under Deed From Charities Inc Dated May 26 1970 have?
Trust Under Deed From Charities Inc Dated May 26 1970 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 $49K in total revenue.
What is the primary source of the organization's revenue, given its fluctuating nature?
The filings show highly variable revenue, from $26,598 in 2020 to $232,871 in 2019, suggesting reliance on inconsistent donations, investment returns, or specific large grants rather than a stable recurring income stream.
How does the organization cover its expenses when revenue is consistently lower, as seen in 2023 ($50,711 revenue vs. $82,889 expenses)?
The organization appears to cover deficits by drawing from its substantial asset base, which has remained between $1.5 million and $2 million. This is sustainable in the short term but could erode assets over time if deficits persist.
What specific programs or grants does Trust Under Deed From Charities Inc support?
The provided data, specifically the NTEE code T90 (Foundations, Grantmaking & Giving Services), indicates it's a grant-making entity, but the filings do not detail the specific recipients or types of programs funded.
Filing History
IRS 990 filing history for Trust Under Deed From Charities Inc Dated May 26 1970 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trust Under Deed From Charities Inc Dated May 26 1970's revenue has declined by 34.4%, moving from $77K to $51K. Total assets increased by 14.2% over the same period, from $1.6M to $1.9M. Total functional expenses fell by 8.8%, from $91K to $83K. In its most recent filing year (2023), Trust Under Deed From Charities Inc Dated May 26 1970 reported a deficit of $32K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $83K | $1.9M | $0 | — | — |
| 2022 | $49K | $76K | $1.8M | $0 | — | View 990 |
| 2021 | $104K | $114K | $2.0M | $0 | — | View 990 |
| 2020 | $27K | $70K | $1.9M | $0 | — | — |
| 2019 | $233K | $81K | $1.8M | $0 | — | — |
| 2018 | $101K | $72K | $1.6M | $0 | — | View 990 |
| 2017 | $88K | $69K | $1.7M | $0 | — | View 990 |
| 2016 | $113K | $60K | $1.6M | $0 | — | View 990 |
| 2015 | $48K | $57K | $1.5M | $0 | — | View 990 |
| 2014 | $116K | $31K | $1.5M | $0 | — | View 990 |
| 2013 | $151K | $124K | $1.4M | $0 | — | View 990 |
| 2012 | $78K | $286K | $1.4M | $0 | — | View 990 |
| 2011 | $77K | $91K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $83K, and assets of $1.9M (revenue +3.4% year-over-year).
- 2022: Revenue of $49K, expenses of $76K, and assets of $1.8M (revenue -52.7% year-over-year).
- 2021: Revenue of $104K, expenses of $114K, and assets of $2.0M (revenue +289.6% year-over-year).
- 2020: Revenue of $27K, expenses of $70K, and assets of $1.9M (revenue -88.6% year-over-year).
- 2019: Revenue of $233K, expenses of $81K, and assets of $1.8M (revenue +131.0% year-over-year).
- 2018: Revenue of $101K, expenses of $72K, and assets of $1.6M (revenue +14.1% year-over-year).
- 2017: Revenue of $88K, expenses of $69K, and assets of $1.7M (revenue -21.9% year-over-year).
- 2016: Revenue of $113K, expenses of $60K, and assets of $1.6M (revenue +134.1% year-over-year).
- 2015: Revenue of $48K, expenses of $57K, and assets of $1.5M (revenue -58.3% year-over-year).
- 2014: Revenue of $116K, expenses of $31K, and assets of $1.5M (revenue -23.1% year-over-year).
- 2013: Revenue of $151K, expenses of $124K, and assets of $1.4M (revenue +93.6% year-over-year).
- 2012: Revenue of $78K, expenses of $286K, and assets of $1.4M (revenue +0.6% year-over-year).
- 2011: Revenue of $77K, expenses of $91K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trust Under Deed From Charities Inc Dated May 26 1970:
Data Sources and Methodology
This transparency report for Trust Under Deed From Charities Inc Dated May 26 1970 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.