Laddie J Hendricks Charitable Trust

Analysis

Laddie J Hendricks Charitable Trust is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in May 2002, 24 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 July 2024, Laddie J Hendricks Charitable Trust reported income of $73k and spending of $73k, spending 100% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $32k to $73k (+130%), an average of +23% a year. The sharpest change came in the year to July 2022, when income rose by 67%. Over the whole period it spent 129% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Laddie J Hendricks Charitable Trust sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Kiwanis Club of Lady Lake Charitable Foundation Inc ($73k), Copiah Endowment Corporation ($73k) and Troy Rotary Foundation Inc ($73k).

Compensation of current officers, directors and key employees was $16k (23% of expenses). At year end it held assets of $957k against liabilities of $55k, net assets of $902k.