Missouri Lawyer Trust Account Foundation

Analysis

Missouri Lawyer Trust Account Foundation is a registered charity in United States, based in Jefferson Cty, MO. It received its IRS tax-exemption ruling in August 1985, 41 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Missouri Lawyer Trust Account Foundation reported income of $1.3m and spending of $2.2m, spending 173% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.0m to $1.3m (-37%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 195% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Missouri Lawyer Trust Account Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Southsiders Organized for Unity and Liberation ($1.3m), Madam CJ Walker Institute for Women Entrepreneurs of Color ($1.3m) and Academic Consortium for Integrative Medicine & Health Inc ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $137k (6.2% of expenses). Other salaries and wages came to $59k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 2 employees.

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.