Virginia Smith Testamentary Charitable Trust 082075

Analysis

Virginia Smith Testamentary Charitable Trust 082075 is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in March 2026. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, Virginia Smith Testamentary Charitable Trust 082075 reported income of $101k and spending of $219k, spending 216% of what it took in. Across the 2 years on record, from June 2019 to June 2020, income fell from $776k to $101k (-87%), an average of -87% a year. The sharpest change came in the year to June 2020, when income dropped by 87%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Smith Testamentary Charitable Trust 082075 sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Falls Church High School Jaguar Athletic Booster Club ($101k), Youth Society for Education ($101k) and Milestones Community School of Lake County Inc ($101k).

Compensation of current officers, directors and key employees was $7,420 (3.4% of expenses). At year end it held assets of $34.2m against liabilities of $214k, net assets of $34.0m.