William R Lathers Charitable Trust
501(c)(92)
Only null% goes to programs Strong reserves Declining revenue
William R Lathers Charitable Trust is a 501(c)(92) organization based in Mears, Michigan, with $122,185 in FY2024 revenue. CharityIndex grades it C+.
Po Box 150, Mears, MI, 49436 EIN 26-6337639
Revenue (FY2024)
$122K
▲ 324.8% vs prior year
Expenses (FY2024)
$124K
Net assets
$1.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for William R Lathers Charitable Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating134 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For William R Lathers Charitable Trust: 134 mo reserves · -1% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for William R Lathers Charitable Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For William R Lathers Charitable Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $18K (FY2019) to $122K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.4M
Operating margin
-1.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$0
Net assets
$1.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $122,185▲325% | $123,998▲37.7% | $1,383,713▼0.1% | $1,383,713▼0.1% | 990PF |
| 2023 | -$54,349▼166% | $90,020▼30.5% | $1,385,734▼9.4% | $1,385,734▼9.4% | 990PF |
| 2022 | $81,743▼46.1% | $129,506▼3.1% | $1,530,305▼3.0% | $1,530,305▼3.0% | 990PF |
| 2021 | $151,764▲264% | $133,631▲22.4% | $1,578,176▲1.1% | $1,578,176▲1.1% | 990PF |
| 2020 | -$92,763▼618% | $109,139▼44.7% | $1,560,751▼11.5% | $1,561,251▼11.5% | 990PF |
| 2019 | $17,916 | $197,267 | $1,763,109 | $1,763,609 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is William R Lathers Charitable Trust a legitimate nonprofit?
- Yes. William R Lathers Charitable Trust is a 501(c)(92) organization registered with the U.S. Internal Revenue Service under EIN 26-6337639, based in Mears, Michigan.
- What is William R Lathers Charitable Trust's EIN?
- William R Lathers Charitable Trust's Employer Identification Number (EIN) is 26-6337639.
- How much revenue does William R Lathers Charitable Trust report?
- William R Lathers Charitable Trust reported $122,185 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does William R Lathers Charitable Trust have?
- CharityIndex grades William R Lathers Charitable Trust C+, based on financial health (reserves and operating margin).
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Data for William R Lathers Charitable Trust (EIN 26-6337639) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.