Earl O Vits Memorial Trust

Analysis

Earl O Vits Memorial Trust is a registered charity in United States, based in Two Rivers, WI. It received its IRS tax-exemption ruling in March 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Earl O Vits Memorial Trust reported income of $353k and spending of $129k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $353k (+219%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Earl O Vits Memorial Trust sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Kenmare Wheels and Meals Inc ($353k), Se Si Le ($354k) and Cardinal Youth Softball Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $11k (8.7% of expenses). Other salaries and wages came to $19k. At year end it held assets of $701k against liabilities of $0, net assets of $701k. It reported 2 employees.