Clarence G Tortorell Charitable Trust

Analysis

Clarence G Tortorell Charitable Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 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, Clarence G Tortorell Charitable Trust reported income of $471k and spending of $293k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $471k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clarence G Tortorell Charitable Trust sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Achievement Center Ltd ($471k), Oaken Acres Wildlife Refuge and Rehabilitation Center ($471k) and Dale County Association of Fire Fighters Inc ($471k).

Compensation of current officers, directors and key employees was $100k (34% of expenses). At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.