Lesta Hoel Memorial Trust Fund

Analysis

Lesta Hoel Memorial Trust Fund is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 1977, 49 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 December 2023, Lesta Hoel Memorial Trust Fund reported income of $166k and spending of $254k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $261k to $166k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 313%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lesta Hoel Memorial Trust Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OR. Charities of a similar size with the same main cause include Friends of Ste Genevieve County Memorial Hospital ($166k), Pennies in Action Foundation ($166k) and Cosentino Charity Foundation ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $5.0m against liabilities of $8,240, net assets of $5.0m.