Trust U/Will of Orlando R Smith

Analysis

Trust U/Will of Orlando R Smith is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in June 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Trust U/Will of Orlando R Smith reported income of $96k and spending of $86k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $96k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trust U/Will of Orlando R Smith sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within RI. Charities of a similar size with the same main cause include Costa Mesa Civic Playhouse ($96k), Kentuckiana Chinese School Inc ($96k) and Theatre Suburbia Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 7.3% of the total. At year end it held assets of $993k against liabilities of $1,590, net assets of $991k.