Trust Under Will Howard V Herman
EIN: 576146159 · Columbia, SC · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $67K |
| Total Expenses | $46K |
| Net Assets | $512K |
Is Trust Under Will Howard V Herman Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Trust Under Will Howard V Herman
Trust Under Will Howard V Herman (EIN: 576146159) is a nonprofit organization based in Columbia, SC, classified under NTEE code T22. The organization reported total revenue of $67K and total assets of $478K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trust Under Will Howard V Herman's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trust Under Will Howard V Herman is a micro nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $46K |
| Surplus / Deficit | $-25,796 |
| Total Assets | $512K |
| Total Liabilities | $1 |
| Net Assets | $512K |
| Operating Margin | -129.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 134.1 months |
Financial Health Grade: B
In 2023, Trust Under Will Howard V Herman reported a deficit of $26K with expenses exceeding revenue, holds 134.1 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), Trust Under Will Howard V Herman's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.7% | -10.9% | -4.8% |
| 2022 | -49.2% | +11.1% | -4.6% |
| 2021 | +598.8% | +2.1% | +0.6% |
| 2020 | -59.9% | +1.7% | -6.4% |
| 2019 | -68.5% | -9.2% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Trust Under Will Howard V Herman 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 Trust Under Will Howard V Herman 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 deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Trust Under Will Howard V Herman
Is Trust Under Will Howard V Herman a legitimate charity?
Trust Under Will Howard V Herman (EIN: 576146159) is a registered tax-exempt nonprofit based in South Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $67K. No red flags identified. Financial health grade: B.
How does Trust Under Will Howard V Herman spend its money?
Trust Under Will Howard V Herman reported $67K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Trust Under Will Howard V Herman tax-deductible?
Trust Under Will Howard V Herman is registered as a tax-exempt nonprofit (EIN: 576146159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Trust Under Will Howard V Herman located?
Trust Under Will Howard V Herman is headquartered in Columbia, South Carolina and files with the IRS under EIN 576146159. It is classified under NTEE code T22.
How many years of IRS 990 filings does Trust Under Will Howard V Herman have?
Trust Under Will Howard V Herman 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 $67K in total revenue.
Filing History
IRS 990 filing history for Trust Under Will Howard V Herman showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Trust Under Will Howard V Herman's revenue has declined by 46.6%, moving from $37K to $20K. Total assets decreased by 17.1% over the same period, from $617K to $512K. Total functional expenses rose by 0.3%, from $46K to $46K. In its most recent filing year (2023), Trust Under Will Howard V Herman reported a deficit of $26K, with expenses exceeding revenue. The organization holds $1 in liabilities against $512K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $512K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $46K | $512K | $1 | — | — |
| 2022 | $26K | $51K | $538K | $1 | — | View 990 |
| 2021 | $50K | $46K | $564K | $1 | — | — |
| 2020 | $7K | $45K | $560K | $1 | — | — |
| 2019 | $18K | $45K | $598K | $0 | — | View 990 |
| 2015 | $57K | $49K | $651K | $0 | — | View 990 |
| 2014 | $79K | $47K | $644K | $0 | — | View 990 |
| 2013 | $47K | $44K | $611K | $0 | — | View 990 |
| 2012 | $35K | $44K | $608K | $0 | — | View 990 |
| 2011 | $37K | $46K | $617K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $46K, and assets of $512K (revenue -21.7% year-over-year).
- 2022: Revenue of $26K, expenses of $51K, and assets of $538K (revenue -49.2% year-over-year).
- 2021: Revenue of $50K, expenses of $46K, and assets of $564K (revenue +598.8% year-over-year).
- 2020: Revenue of $7K, expenses of $45K, and assets of $560K (revenue -59.9% year-over-year).
- 2019: Revenue of $18K, expenses of $45K, and assets of $598K (revenue -68.5% year-over-year).
- 2015: Revenue of $57K, expenses of $49K, and assets of $651K (revenue -28.2% year-over-year).
- 2014: Revenue of $79K, expenses of $47K, and assets of $644K (revenue +68.8% year-over-year).
- 2013: Revenue of $47K, expenses of $44K, and assets of $611K (revenue +32.7% year-over-year).
- 2012: Revenue of $35K, expenses of $44K, and assets of $608K (revenue -5.3% year-over-year).
- 2011: Revenue of $37K, expenses of $46K, and assets of $617K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trust Under Will Howard V Herman:
Data Sources and Methodology
This transparency report for Trust Under Will Howard V Herman 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.