Gust K Newberg Chritable Trust

Analysis

Gust K Newberg Chritable Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1991, 35 years ago. 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, Gust K Newberg Chritable Trust reported income of $1.5m and spending of $700k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $854k to $1.5m (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gust K Newberg Chritable Trust sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Kerygma Ventures ($1.5m), Christian Services Inc of America ($1.5m) and Utica Public Library ($1.5m).

Other salaries and wages came to $99k. At year end it held assets of $26.3m against liabilities of $119k, net assets of $26.2m.