Lieutenant Paul J Sullivan Charitable Trust

Analysis

Lieutenant Paul J Sullivan Charitable Trust is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in June 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lieutenant Paul J Sullivan Charitable Trust reported income of $182k and spending of $53k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $182k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lieutenant Paul J Sullivan Charitable Trust sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Central Minnesota Libraries Exchange ($182k), Northshore Radio Inc ($182k) and The Grandmother Collective Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $491k against liabilities of $0, net assets of $491k.