Slotnick Korelitz Charitable Trust

Analysis

Slotnick Korelitz Charitable Trust is a registered charity in United States, based in Chatham, MA. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Slotnick Korelitz Charitable Trust reported income of $66k and spending of $34k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $66k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Slotnick Korelitz Charitable Trust sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include Pinal Gila Councils Senior Foundation ($66k), Community Apartments Corporation of Cleveland County No 2 ($66k) and Better Living for Garrison Inc ($66k).

At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.