The Luester T Mertz Legacy Trust for the Joyce Theater Foundation

Analysis

The Luester T Mertz Legacy Trust for the Joyce Theater Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, The Luester T Mertz Legacy Trust for the Joyce Theater Foundation reported income of $103k and spending of $3.4m, spending 3293% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $14.3m to $103k (-99%), an average of -92% a year. The sharpest change came in the year to December 2023, when income rose by 288%. Over the whole period it spent 54% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, The Luester T Mertz Legacy Trust for the Joyce Theater Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within DE. Charities of a similar size with the same main cause include Downtown Lancaster Special Improvement District Inc ($103k), Friends of the Coastal Gardens Inc ($103k) and Sol Communications Inc ($103k).

At year end it held assets of $6.6m against liabilities of $0, net assets of $6.6m.