Simpson Charitable Trust

Analysis

Simpson Charitable Trust is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in February 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, Simpson Charitable Trust reported income of $89k and spending of $190k, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $376k to $89k (-76%), an average of -30% a year. The sharpest change came in the year to December 2022, when income rose by 219%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Simpson Charitable Trust sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Brotherhood of the Jungle Cock Inc ($89k), Glacier County Historical Society ($89k) and Virginia Congress of Parents and Teachers ($89k).

Compensation of current officers, directors and key employees was $27k (14% of expenses). At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.