Krasa Family Charitable Trust

Analysis

Krasa Family Charitable Trust is a registered charity in United States, based in Po Box Chicago, IL. It received its IRS tax-exemption ruling in October 1986, 40 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 April 2023, Krasa Family Charitable Trust reported income of $496k and spending of $983k, spending 198% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $3.0m to $496k (-83%), an average of -36% a year. The sharpest change came in the year to April 2020, when income dropped by 85%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Krasa Family Charitable Trust sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Little Mountain Preschool ($496k), Brandon Free Public Library Inc ($496k) and The Musical Theater Project ($496k).

Compensation of current officers, directors and key employees was $139k (14% of expenses). At year end it held assets of $11.7m against liabilities of $0, net assets of $11.7m.