Western Reserve University School of Medicine Endowment Trust

Analysis

Western Reserve University School of Medicine Endowment Trust is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Western Reserve University School of Medicine Endowment Trust reported income of $924k and spending of $2.1m, spending 231% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.3m to $924k (-87%), an average of -40% a year. The sharpest change came in the year to December 2021, when income rose by 302%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Western Reserve University School of Medicine Endowment Trust sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Avasant Foundation ($923k), Winnetka Community Nursery School Inc ($924k) and Kellogg Hubbard Library ($923k).

Compensation of current officers, directors and key employees was $226k (11% of expenses). At year end it held assets of $33.9m against liabilities of $0, net assets of $33.9m.