Gladys M Friant Trust Uw 04641-007

Analysis

Gladys M Friant Trust Uw 04641-007 is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gladys M Friant Trust Uw 04641-007 reported income of $195k and spending of $233k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $411k to $195k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gladys M Friant Trust Uw 04641-007 sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within OH. Charities of a similar size with the same main cause include Fans for the Cure ($195k), Lhes Foundation ($195k) and Orchid Foundation ($194k).

Compensation of current officers, directors and key employees was $43k (19% of expenses). At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.