William Belmont Backs and Louise Nuxoll Backs

Analysis

William Belmont Backs and Louise Nuxoll Backs is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 2007, 19 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 August 2024, William Belmont Backs and Louise Nuxoll Backs reported income of $177k and spending of $210k, spending 119% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $962k to $177k (-82%), an average of -29% a year. The sharpest change came in the year to August 2021, when income rose by 163%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, William Belmont Backs and Louise Nuxoll Backs sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Investment Professional for Charity Inc ($177k), Reap International Inc ($178k) and Ggba Benefit Trust ($177k).

Compensation of current officers, directors and key employees was $44k (21% of expenses). At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.