Luesther T Mertz Charitable TR

Analysis

Luesther T Mertz Charitable TR is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1995, 31 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 November 2023, Luesther T Mertz Charitable TR reported income of $200k and spending of $1.2m, spending 577% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $21.2m to $200k (-99%), an average of -69% a year. The sharpest change came in the year to November 2023, when income dropped by 91%. Over the whole period it spent 517% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Luesther T Mertz Charitable TR sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Yad Michael Charity Inc ($200k), DWB Memorial Foundation ($200k) and Erika Ender Heartlight Foundation Inc ($200k).

At year end it held assets of $453k against liabilities of $0, net assets of $453k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.