Charity Assets Trust

Analysis

Charity Assets Trust is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 2018, 8 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Charity Assets Trust reported income of $2.6m and spending of $5,240, leaving 100% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $1.6m to $2.6m (+60%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charity Assets Trust sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include James a & Leta M Chapman Testamentary Charitable TR ($2.6m), Foundation to Decrease World Suck ($2.6m) and Greater Poweshiek Community Foundation ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.