Frank Lloyd Wright Trust

Analysis

Frank Lloyd Wright Trust is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in November 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, Frank Lloyd Wright Trust reported income of $6.1m and spending of $3.8m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $6.1m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frank Lloyd Wright Trust sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Trace Media Inc ($6.1m), Ballet Tech Foundation Inc ($6.1m) and San Jose Childrens Discovery Museum ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $388k (10% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $10.7m against liabilities of $1.7m, net assets of $9.0m. It reported 61 employees.