Degenhart Family Trust

Analysis

Degenhart Family Trust is a registered charity in United States, based in North Liberty, IA. It received its IRS tax-exemption ruling in March 1993, 33 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, Degenhart Family Trust reported income of $333k and spending of $233k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $333k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 111%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Degenhart Family Trust sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Youth Growth Stock Trust ($333k), Avon Soccer Club ($333k) and Newtown Scholarship Association Incorporated ($333k).

Compensation of current officers, directors and key employees was $41k (17% of expenses). At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.