Verna K Townsend Trust

Analysis

Verna K Townsend Trust is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Verna K Townsend Trust reported income of $117k and spending of $103k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $99k to $117k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Verna K Townsend Trust sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Community Sailing School at Pistakee ($117k), Hallsville Athletic Booster Club ($118k) and Mt Pleasant Isd School Foundation ($117k).

Compensation of current officers, directors and key employees was $7,824 (7.6% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.