Trucks for Maddox Charitable Trust

Analysis

Trucks for Maddox Charitable Trust is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 2013, 13 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 2023, Trucks for Maddox Charitable Trust reported income of $59k and spending of $90k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $59k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Trucks for Maddox Charitable Trust sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Escambia High School Baseball Boosters Inc ($59k), National Christian Charitable Foundation Inc ($60k) and Nathalie & Theodore Jones Charitabl TR Fbo Applachian Mountain Club ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.