Walter N Charles Trust

Analysis

Walter N Charles Trust is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in January 2012, 14 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 iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Walter N Charles Trust reported income of $52k and spending of $50k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $127k to $52k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Walter N Charles Trust sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within IA. Charities of a similar size with the same main cause include Reaching Beyond Words ($52k), Exchange Club of Charleston Foundation Inc ($52k) and State Bank Foundation ($52k).

Compensation of current officers, directors and key employees was $5,556 (11% of expenses). At year end it held assets of $738k against liabilities of $0, net assets of $738k.