First Midwest Charitable Trust

Analysis

First Midwest Charitable Trust is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in May 2009, 17 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 December 2023, First Midwest Charitable Trust reported income of $640k and spending of $914k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $640k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 111%. 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, First Midwest Charitable Trust sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Believe in Dreams ($639k), Keren Dovid Inc ($640k) and Ferdinand P Herff Estate ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. Compensation of current officers, directors and key employees was $90k (9.8% of expenses). At year end it held assets of $10.7m against liabilities of $0, net assets of $10.7m.