Ethel M Vanderlip Trust 1379

Analysis

Ethel M Vanderlip Trust 1379 is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1937, 89 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ethel M Vanderlip Trust 1379 reported income of $496k and spending of $921k, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $523k to $496k (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ethel M Vanderlip Trust 1379 sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Classic Theatre of Maryland ($495k), Valley Relics ($496k) and Armenian Heritage Tribute and Genocide Memorial Foundation Inc ($495k).

Compensation of current officers, directors and key employees was $55k (6.0% of expenses). At year end it held assets of $11.0m against liabilities of $0, net assets of $11.0m.

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.