Vera Rasmussen Irrevocable Trust

Analysis

Vera Rasmussen Irrevocable Trust is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Vera Rasmussen Irrevocable Trust reported income of $85k and spending of $194k, spending 228% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $123k to $85k (-30%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 187% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vera Rasmussen Irrevocable Trust sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NE. Charities of a similar size with the same main cause include Legacy Dreamers Ministries ($85k), Military Missions Network ($85k) and Real Church Solutions Inc ($85k).

Compensation of current officers, directors and key employees was $13k (6.9% of expenses). At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.

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.