Holy Trinity-Old Swedes-Church Foundation Inc

Analysis

Holy Trinity-Old Swedes-Church Foundation Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 1948, 78 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Trinity-Old Swedes-Church Foundation Inc reported income of $106k and spending of $91k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $308k to $106k (-66%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Trinity-Old Swedes-Church Foundation Inc 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 38th percentile, and in the 34th percentile within DE. Charities of a similar size with the same main cause include Natalie & George Pace Scholarship Fund ($106k), Revival Crusade Inc ($106k) and Berkeley Clinic Auxiliary ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $36k (39% of expenses). At year end it held assets of $93k against liabilities of $4,302, net assets of $88k. It reported 3 employees.