Nelson Char Subtrust 01-21957 01

Analysis

Nelson Char Subtrust 01-21957 01 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 January 2024, Nelson Char Subtrust 01-21957 01 reported income of $1.1m and spending of $251k, leaving 78% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $226k to $1.1m (+402%), an average of +50% a year. The sharpest change came in the year to January 2024, when income rose by 456%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nelson Char Subtrust 01-21957 01 sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Staten Island Makerspace Inc ($1.1m), Southwest Creations Collaborative ($1.1m) and Brothers United in Leadership Development Build ($1.1m).

Compensation of current officers, directors and key employees was $53k (21% of expenses). At year end it held assets of $4.8m against liabilities of $0, net assets of $4.8m.