E Virginia Scripps Memorial Trust

Analysis

E Virginia Scripps Memorial Trust is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 2019, 7 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, E Virginia Scripps Memorial Trust reported income of $80k and spending of $95k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $165k to $80k (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, E Virginia Scripps Memorial Trust sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Benzie County Community Chest ($80k), Circle of Generosity Foundation ($80k) and Shelby County Parks and Recreation Foundation Inc ($80k).

Compensation of current officers, directors and key employees was $20k (21% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.