Naomi Wood Testamentary Trust

Analysis

Naomi Wood Testamentary Trust is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2019, 7 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Naomi Wood Testamentary Trust reported income of $342k and spending of $362k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $363k to $342k (-5.9%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Naomi Wood Testamentary Trust sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Reaching East African Lives for Christ Ministries ($342k), Corner Cupboard Charities of Greater Dayton Inc ($342k) and Virginia Elks Fund Inc ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $78k (22% of expenses). Other salaries and wages came to $51k. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m. It reported 10 employees.