Marvin M Jorgensen Charitable TR

Analysis

Marvin M Jorgensen Charitable TR is a registered charity in United States, based in Urbandale, IA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marvin M Jorgensen Charitable TR reported income of $3.7m and spending of $223k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.9m to $3.7m (-4.4%), an average of -4.4% a year. Over the whole period it spent 2.9% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marvin M Jorgensen Charitable TR sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include St Joseph Regional Health Partners Aco ($3.7m), Niobrara Valley Hospital Corporation ($3.7m) and Friends of Karen Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $7.4m against liabilities of $0, net assets of $7.4m.