George Kremer Foundation TR

Analysis

George Kremer Foundation TR is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1988, 38 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, George Kremer Foundation TR reported income of $1.4m and spending of $5.5m, spending 408% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $5.6m to $1.4m (-76%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, George Kremer Foundation TR sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Christ for India ($1.4m), One on One ($1.4m) and Haitian Christian Mission Inc ($1.4m).

Compensation of current officers, directors and key employees was $381k (6.9% of expenses). Other salaries and wages came to $21k. At year end it held assets of $111.7m against liabilities of $0, net assets of $111.7m.