Bellarmine Benefactors Trust

Analysis

Bellarmine Benefactors Trust is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in May 1972, 54 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bellarmine Benefactors Trust reported income of $1.2m and spending of $1.4m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+7.6%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bellarmine Benefactors Trust sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Nami Greater Houston ($1.2m), Neuberger Family Foundation Inc ($1.2m) and United Way of Lake and Sumter Counties Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $69k (4.9% of expenses). At year end it held assets of $25.1m against liabilities of $0, net assets of $25.1m.