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Charitable Assets Trust
Charitable Assets Trust reported $274.5 million in revenue and $55.7 million in expenses for the 10-month short period ending December 31, 2024. Of every $100 it spent, $93.88 went to program services, $6.12 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 93.1% of the total. Source: Form 990, FY2024 (10 mo.).
Where $100 of spending went
The 10-month short period ending December 31, 2024 · Form 990, Part IX, line 25 · total expenses $56MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The 10-month short period ending December 31, 2024 · Form 990, Part VIII · total revenue $275MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 (10 mo.) | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.9% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.1% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 93.1% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | Not reported | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | Not reported | 1.56% |
| People paid over $100,000 Part VII, line 2 | 0 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 43.7 | 56.6 |
| Independent voting board members Part VI 1a–1b | 0 of 1 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 (10 mo.) · Form 990, Part III · the three largest programs by expense1 filings since FY2024 (10 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked| Filing | Revenue | Expenses | Programs | Net assets | Top pay |
|---|---|---|---|---|---|
| FY2024 (10 mo.) ⓘ | $275M | $56M | 93.9% | $203M | — |
Governance answers, as filed
FY2024 (10 mo.) · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b1 · 0 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Correct a figure or respond
Every number above is copied from Charitable Assets Trust's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Charitable Assets Trust, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Charitable Assets Trust spent in FY2024 (10 mo.), $93.88 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Clear FundOakland, CA · revenue $270M · programs 96.6% · 2024
- Jewish Federation of Metropolitan ChicagoChicago, IL · revenue $285M · programs 97.9% · FY2025
- Stifel CharitableSt Louis, MO · revenue $261M · programs 91.4% · 2025
- BNY Mellon Charitable Gift FundBoston, MA · revenue $285M · programs 99.5% · 2024
- United States Energy FoundationSan Francisco, CA · revenue $261M · programs 94.9% · 2024
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Questions people ask
How much of Charitable Assets Trust's spending goes to programs?
In the 10-month short period ending December 31, 2024, Charitable Assets Trust reported that 93.9% of its $55.7 million in expenses went to program services, 6.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
Where does Charitable Assets Trust get its money?
Of $274.5 million in revenue in the 10-month short period ending December 31, 2024, 93.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Charitable Assets Trust a registered charity?
The IRS lists EIN 99-6327547 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024 (10 mo.): Form 990 for the 10-month short period ending December 31, 2024, object 202543159349303714 · read the filing · XML
All filings for EIN 99-6327547: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.