Walter N Charles Trust is a 501(c)(3) organization based in Iowa City, Iowa, registered in 2012, with $71,883 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$72K
▲ 38.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$51K
Net assets
$759K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Walter N Charles Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Walter N Charles Trust: 180 mo reserves · +30% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Walter N Charles Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Walter N Charles Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $79K (FY2013) to $72K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
29.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$759K
Total liabilities
$0
Net assets
$759K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $71,883▲38.6% | $50,515▲2.0% | $759,215▲2.9% | $759,215▲2.9% | 990 |
| 2023 | $51,881▲95.5% | $49,537▼4.4% | $737,847▲0.3% | $737,847▲0.3% | 990 |
| 2022 | $26,541▼69.7% | $51,816▼5.8% | $735,503▼3.3% | $735,503▼3.3% | 990 |
| 2021 | $87,548▲85.9% | $54,978▲15.0% | $760,778▲4.5% | $760,778▲4.5% | 990 |
| 2020 | $47,091▼62.8% | $47,787▲1.7% | $728,208▼0.1% | $728,208▼0.1% | 990 |
| 2019 | $126,713▲118% | $46,990▼1.8% | $728,904▲12.3% | $728,904▲12.3% | 990 |
| 2018 | $58,076▲15.6% | $47,852▲7.7% | $649,181▲1.6% | $649,181▲1.6% | 990 |
| 2017 | $50,258▲372% | $44,411▲5.8% | $638,957▲0.8% | $638,957▲0.8% | 990 |
| 2016 | $10,650▼77.7% | $41,985▼46.9% | $633,720▼4.7% | $633,720▼4.7% | 990 |
| 2015 | $47,721▼30.3% | $79,098▲84.2% | $665,055▼4.5% | $665,055▼4.5% | 990 |
| 2014 | $68,493▼12.8% | $42,949▲8.1% | $696,432▲3.8% | $696,432▲3.8% | 990 |
| 2013 | $78,573 | $39,741▲0.2% | $670,888▲6.1% | $670,888▲6.1% | 990 |
| 2012 | — | $39,654▲5.7% | $632,056▲4.5% | $632,056▲4.5% | 990 |
| 2011 | — | $37,524 | $604,653 | $604,653 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Walter N Charles Trust (EIN 42-6326753) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.