Local 690 Charitable Trust

Analysis

Local 690 Charitable Trust is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2019, 7 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Local 690 Charitable Trust reported income of $66k and spending of $48k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $66k (+3.9%), an average of +3.9% a year. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Local 690 Charitable Trust sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within PA. Charities of a similar size with the same main cause include Society for Free Radical Biology and Medicine Foundation ($66k), Saza Commission Inc ($66k) and Naples Heritage Cares Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $110k against liabilities of $1,499, net assets of $108k.