Robert E Black Memorial Trust

Analysis

Robert E Black Memorial Trust is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in December 1991, 35 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, Robert E Black Memorial Trust reported income of $2.3m and spending of $3.4m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.3m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income dropped by 72%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Robert E Black Memorial Trust sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within HI. Charities of a similar size with the same main cause include Northeast Delta Dental Foundation Inc ($2.3m), Sertoma Inc ($2.3m) and Paytons Lemonade Stand LLC ($2.3m).

Compensation of current officers, directors and key employees was $243k (7.2% of expenses). At year end it held assets of $44.5m against liabilities of $0, net assets of $44.5m.