Hasselman Prospekta Trust-Marjorys Trust B

Analysis

Hasselman Prospekta Trust-Marjorys Trust B is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1997, 29 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, Hasselman Prospekta Trust-Marjorys Trust B reported income of $919k and spending of $921k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $376k to $919k (+144%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 366%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hasselman Prospekta Trust-Marjorys Trust B sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Franklin County Senior Services Inc ($919k), Hasselmann Prospekta Trust-Marjorys Trust a ($919k) and Hillel the Foundation for Jewish Campus Life ($918k).

Compensation of current officers, directors and key employees was $7,754 (0.8% of expenses). At year end it held assets of $500k against liabilities of $0, net assets of $500k.