Henry Parsons Trust

Analysis

Henry Parsons Trust is a registered charity in United States, based in Kennebunkport, ME. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Henry Parsons Trust reported income of $182k and spending of $27k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $318k to $182k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 11% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Henry Parsons Trust sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 45th percentile within ME. Charities of a similar size with the same main cause include Oak Hills Educational Foundation ($182k), International Patrons of Duomo Di Milano Inc ($182k) and F L a G Flag Football Inc ($182k).

At year end it held assets of $853k against liabilities of $0, net assets of $853k.