Iuoe Local 15 Charitable Trust

Analysis

Iuoe Local 15 Charitable Trust is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in June 2008, 18 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 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 June 2023, Iuoe Local 15 Charitable Trust reported income of $137k and spending of $138k, spending 101% of its income. Across the 4 years on record, from September 2020 to June 2023, income grew from $83k to $137k (+65%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 266%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Iuoe Local 15 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 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Fund Therapy Incorporated ($137k), Dallas County Hospital Foundation Inc ($137k) and A Special Purpose ($137k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 308% of the total. At year end it held assets of $353k against liabilities of $239k, net assets of $114k.