Erna Jorgensen Charitable Trust 40-10-420-0862500

Analysis

Erna Jorgensen Charitable Trust 40-10-420-0862500 is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in July 2003, 23 years ago. 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 December 2023, Erna Jorgensen Charitable Trust 40-10-420-0862500 reported income of $1.0m and spending of $1.3m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $1.0m (+138%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 139%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Erna Jorgensen Charitable Trust 40-10-420-0862500 sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Georgetown Ministry Center ($1.0m), Shore Memorial Hospital Workers Compensation Trust ($1.0m) and Citizens League ($1.0m).

Compensation of current officers, directors and key employees was $141k (11% of expenses). At year end it held assets of $9.3m against liabilities of $0, net assets of $9.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.