Trust Two

Analysis

Trust Two is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 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, Trust Two reported income of $56k and spending of $125k, spending 224% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $107k to $56k (-48%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trust Two sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within UT. Charities of a similar size with the same main cause include Chippewa Local Excellence for Education Foundation ($56k), Valdez Arts Council Inc ($56k) and Las Candelas Inc ($56k).

At year end it held assets of $2.5m against liabilities of $61k, net assets of $2.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.