Fanny L Spangenberg Trust

Analysis

Fanny L Spangenberg Trust is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Fanny L Spangenberg Trust reported income of $110k and spending of $60k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $204k to $110k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 335%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fanny L Spangenberg Trust sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Antioch Community Foundation ($110k), Auxiliary of Big Oak Ranch Inc ($110k) and SSDD Productions Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. Compensation of current officers, directors and key employees was $9,628 (16% of expenses). At year end it held assets of $958k against liabilities of $0, net assets of $958k.