Elizabeth S Ludgate Test Trust

Analysis

Elizabeth S Ludgate Test Trust is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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 June 2023, Elizabeth S Ludgate Test Trust reported income of $351k and spending of $286k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $522k to $351k (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2021, when income dropped by 112%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elizabeth S Ludgate Test Trust sits at the 63rd percentile: it is larger than about 63% 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 Little League Baseball Inc ($351k), Lake Summit Foundation ($351k) and Tracy Youth Soccer League Inc ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). At year end it held assets of $9.1m against liabilities of $0, net assets of $9.1m.