Virginia Kimbrough Clark Reese & Thomas Matt Reese Trust

Analysis

Virginia Kimbrough Clark Reese & Thomas Matt Reese Trust is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in March 2000, 26 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Virginia Kimbrough Clark Reese & Thomas Matt Reese Trust reported income of $1.0m and spending of $1.3m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $962k to $1.0m (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Virginia Kimbrough Clark Reese & Thomas Matt Reese Trust 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 79th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Giving Branch Foundation ($1.0m), Carolina Hurricanes Foundation Inc ($1.0m) and Friends of Barker Inc ($1.0m).

Compensation of current officers, directors and key employees was $167k (13% of expenses). At year end it held assets of $24.3m against liabilities of $0, net assets of $24.3m.