Leslie J Nickels Testamentary Trust

Analysis

Leslie J Nickels Testamentary Trust is a registered charity in United States, based in Colusa, CA. It received its IRS tax-exemption ruling in March 1971, 55 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 February 2023, Leslie J Nickels Testamentary Trust reported income of $606k and spending of $632k, spending 104% of its income. Across the 4 years on record, from February 2020 to February 2023, income grew from $524k to $606k (+16%), an average of +4.9% a year. The sharpest change came in the year to February 2023, when income rose by 34%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leslie J Nickels Testamentary Trust sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Roland J Wotring Scholarship Fund ($606k), Nelson County Community Development Foundation ($606k) and Laguna Beach Boosters Club Inc ($606k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $172k. At year end it held assets of $1.5m against liabilities of $104k, net assets of $1.3m. It reported 8 employees.

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.