Licr Charitable Trust

Analysis

Licr Charitable Trust is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1989, 37 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).

In the financial year ending September 2023, Licr Charitable Trust reported income of $156k and spending of $477k, spending 305% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $200k to $156k (-22%), an average of -5.9% a year. The sharpest change came in the year to September 2020, when income rose by 1983%. Over the whole period it spent 42% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Licr Charitable Trust sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Ark House Foundation ($156k), House of Hope of Ghana Inc ($156k) and The Recovery Foundation ($156k).

Compensation of current officers, directors and key employees was $311k (65% of expenses). At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.

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.