Benjamin Volen Charitable Trust

Analysis

Benjamin Volen Charitable Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2002, 24 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, Benjamin Volen Charitable Trust reported income of $238k and spending of $742k, spending 312% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $584k to $238k (-59%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benjamin Volen Charitable Trust sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Tupelo Ballet Inc ($238k), St Vincent Foundation ($238k) and South Lake Soccer Club Inc ($238k).

Compensation of current officers, directors and key employees was $46k (6.2% of expenses). At year end it held assets of $11.5m against liabilities of $0, net assets of $11.5m.