J B Wright Charitable Trust

Analysis

J B Wright Charitable Trust is a registered charity in United States, based in Chillicothe, MO. It received its IRS tax-exemption ruling in December 1938, 88 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, J B Wright Charitable Trust reported income of $2.5m and spending of $1.9m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $2.5m (+8.3%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 104%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, J B Wright Charitable Trust sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Penn Mont Academy ($2.5m), Arapahoe Community College Foundation Inc ($2.5m) and Junior Achievement Foundation of the Upper Midwest ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $28k (1.5% of expenses). At year end it held assets of $21.2m against liabilities of $19.1m, net assets of $2.1m.