Joe and Anna Schmitz and Pat and Anna Burke Charitable Trust

Analysis

Joe and Anna Schmitz and Pat and Anna Burke Charitable Trust is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2023, 3 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 2023, Joe and Anna Schmitz and Pat and Anna Burke Charitable Trust reported income of $537k and spending of $356k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $8.5m to $537k (-94%), an average of -75% a year. The sharpest change came in the year to December 2022, when income dropped by 90%. Over the whole period it spent 11% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joe and Anna Schmitz and Pat and Anna Burke Charitable Trust sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Austin Startup Games Inc ($537k), Phillips County Community Foundation Inc ($538k) and 5c Corporation ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $15.0m against liabilities of $0, net assets of $15.0m.