Piedmont Liability Trust

Analysis

Piedmont Liability Trust is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 June 2023, Piedmont Liability Trust reported income of $9.9m and spending of $2.7m, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $9.9m (+34%), an average of +7.5% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Piedmont Liability Trust sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Hudson Milestones Inc ($9.9m), Cornerstone Schools of Alabama Inc ($9.9m) and Adult & Teen Challenge of Texas ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.7m (65% of expenses). Other salaries and wages came to $219k. At year end it held assets of $85.0m against liabilities of $74.5m, net assets of $10.4m. It reported 10 employees.