J W Ellsworth Endowment Trust 20-32389000

Analysis

J W Ellsworth Endowment Trust 20-32389000 is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in October 1953, 73 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, J W Ellsworth Endowment Trust 20-32389000 reported income of $980k and spending of $5.6m, spending 572% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $980k (-77%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 4265%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, J W Ellsworth Endowment Trust 20-32389000 sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Esas Foundation ($978k), Jefferson County Public Education Foundation ($980k) and Give Hope Inc ($978k).

Compensation of current officers, directors and key employees was $198k (3.5% of expenses). At year end it held assets of $37.2m against liabilities of $0, net assets of $37.2m.