Wade L Layton Charitable Trust
Wade L Layton Charitable Trust consistently distributes more than its annual revenue, drawing down its asset base.
EIN: 208572571 · Savannah, GA · NTEE: T22 · Updated: 2026-03-28
Is Wade L Layton Charitable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wade L Layton Charitable Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wade L Layton Charitable Trust
Wade L Layton Charitable Trust (EIN: 208572571) is a nonprofit organization based in Savannah, GA, classified under NTEE code T22. The organization reported total revenue of $4.6M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wade L Layton Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wade L Layton Charitable Trust is a mid-size nonprofit that has been operating for 18 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-2,175,973 |
| Total Assets | $6.8M |
| Total Liabilities | $1 |
| Net Assets | $6.8M |
| Operating Margin | -116.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 20.4 months |
Financial Health Grade: B
In 2021, Wade L Layton Charitable Trust reported a deficit of $2.2M with expenses exceeding revenue, holds 20.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Wade L Layton Charitable Trust's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +248.7% | +251.5% | -24.1% |
| 2020 | -19.6% | +3.4% | -6.4% |
| 2019 | +815.6% | +54.9% | -13.2% |
| 2015 | -87.4% | +11.8% | -4.7% |
| 2014 | -1.9% | -7.3% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Wade L Layton Charitable Trust with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Wade L Layton Charitable Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating extremely efficient use of funds with no overhead allocated to officer salaries, which is highly commendable for a charitable trust.
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 Wade L Layton Charitable Trust's IRS 990 filings:
- Consistent decline in assets, indicating a finite lifespan for distributions if not replenished (typical for a trust)
Strengths
The following positive indicators were identified for Wade L Layton Charitable Trust:
- Zero officer compensation across all filings, indicating high administrative efficiency.
- Consistent distribution of funds, often exceeding annual revenue, demonstrating active charitable giving.
- Low liabilities reported ($1 across all filings), indicating strong financial management and stability.
- Clear financial reporting through consistent IRS 990 filings.
Frequently Asked Questions about Wade L Layton Charitable Trust
Is Wade L Layton Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Wade L Layton Charitable Trust (EIN: 208572571) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Wade L Layton Charitable Trust spend its money?
Wade L Layton Charitable Trust directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wade L Layton Charitable Trust tax-deductible?
Wade L Layton Charitable Trust is registered as a tax-exempt nonprofit (EIN: 208572571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wade L Layton Charitable Trust a good charity?
Yes, as a charitable trust, it appears to be effectively fulfilling its mission by consistently distributing funds, as evidenced by expenses exceeding revenue in most periods (e.g., $4,037,362 expenses vs. $1,861,389 revenue in 2021). The absence of officer compensation is a significant positive indicator of efficiency.
Why are the assets declining?
The decline in assets from $11,831,993 in 2011 to $3,422,785 currently is consistent with the operational model of a charitable trust or private foundation that distributes its principal over time to fulfill its charitable purpose, rather than continuously growing its endowment through fundraising.
What is the primary focus of its spending?
While specific program details are not provided, the NTEE code T22 (Private Grantmaking Foundations) suggests its primary focus is making grants to other organizations or individuals. The high expense-to-revenue ratio indicates substantial distributions.
Filing History
IRS 990 filing history for Wade L Layton Charitable Trust showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Wade L Layton Charitable Trust's revenue has grown by 175.3%, moving from $676K to $1.9M. Total assets decreased by 42.1% over the same period, from $11.8M to $6.8M. Total functional expenses rose by 534.8%, from $636K to $4.0M. In its most recent filing year (2021), Wade L Layton Charitable Trust reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1.9M | $4.0M | $6.8M | $1 | — | View 990 |
| 2020 | $534K | $1.1M | $9.0M | $1 | — | — |
| 2019 | $664K | $1.1M | $9.6M | $1 | — | View 990 |
| 2015 | $73K | $717K | $11.1M | $1 | — | View 990 |
| 2014 | $577K | $642K | $11.6M | $1 | — | View 990 |
| 2013 | $588K | $692K | $11.7M | $1 | — | View 990 |
| 2012 | $615K | $630K | $11.8M | $1 | — | View 990 |
| 2011 | $676K | $636K | $11.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1.9M, expenses of $4.0M, and assets of $6.8M (revenue +248.7% year-over-year).
- 2020: Revenue of $534K, expenses of $1.1M, and assets of $9.0M (revenue -19.6% year-over-year).
- 2019: Revenue of $664K, expenses of $1.1M, and assets of $9.6M (revenue +815.6% year-over-year).
- 2015: Revenue of $73K, expenses of $717K, and assets of $11.1M (revenue -87.4% year-over-year).
- 2014: Revenue of $577K, expenses of $642K, and assets of $11.6M (revenue -1.9% year-over-year).
- 2013: Revenue of $588K, expenses of $692K, and assets of $11.7M (revenue -4.4% year-over-year).
- 2012: Revenue of $615K, expenses of $630K, and assets of $11.8M (revenue -9.0% year-over-year).
- 2011: Revenue of $676K, expenses of $636K, and assets of $11.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wade L Layton Charitable Trust:
Data Sources and Methodology
This transparency report for Wade L Layton Charitable 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.