Thomas Struthers Trust

Analysis

Thomas Struthers Trust is a registered charity in United States, based in Warren, PA. It received its IRS tax-exemption ruling in April 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Thomas Struthers Trust reported income of $696k and spending of $709k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $851k to $696k (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thomas Struthers Trust sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Town Hall Theatre Company Inc ($696k), Cedar Valley Irish Culturalassociation Inc ($696k) and Ohio Genealogical Society ($696k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $58k (8.2% of expenses). Other salaries and wages came to $131k. At year end it held assets of $4.0m against liabilities of $59k, net assets of $3.9m. It reported 7 employees.