The Mardel Cosgrove Charitable Trust — Education Charity in Whanganui

The Mardel Cosgrove Charitable Trust is a Trust charity in the Education sector, based in Whanganui, Whanganui. This organisation also provides funding to other charities. CharityData rates this charity C+ (69/100). Annual revenue: $0.1M NZD. Financial data as at March 2025.

Mission: To assist with grants to charities and charitable organisations including but not restricted to those listed in the Declaration of Trust. To assist aspiring young musicians, pianists and singers to achieve educational, cultural, scholastic and employment goals and opportunities. To establish through funding educational initiatives that aim to provide opportunities to young people to obtain and to further employment. Such other charitable purposes as the Trustees may decide from time to time.

Registration Number
CC59891
Charity Type
Trust
Registration Date
2021-12-13
Status
Active
CharityData Rating
C+ (69/100)
Sector
Education
Location
Whanganui, Whanganui
Funder Status
Grant-making charity (charitable_trust)
Data as at
March 2025

Beneficiaries: Children / young people, Other charities, Voluntary bodies other than charities

Financial Summary

Total Revenue
$0.1M NZD
Total Expenses
$0.1M NZD
Total Assets
$1.6M NZD
Net Assets
$1.6M NZD
Reserve Months
0.4 months of operating expenses
Volunteers
0
Financial Year End
2025-03-31

Financial History

YearRevenueExpensesNet Assets
2025$0.1M$0.1M$1.6M
2024$0.1M$0.2M$1.5M
2023$0.1M$0.1M$1.5M
2022$0.0M$0.0M$1.5M

CharityData Rating

Overall Grade
C+
Overall Score
69/100
Financial Score
75
Governance Score
55
Transparency Score
65

Board Members and Officers

Current Officers (2)

NameRoleAppointed
Wilma RobinsonTrustee2025-09-22
Peter RobinsonTrustee2021-10-26

Former Officers (2)

  • Garry Spooner — Trustee (departed 2022-11-18)
  • Mardel Cosgrove — Trustee (departed 2024-06-10)

Similar Charities in Education

FunderEducationTrustCharitable Trust

The Mardel Cosgrove Charitable Trust

CC59891Whanganui, WhanganuiRegistered 13 Dec 2021
Data updated: 5 days ago
Financials31 Mar 2025Rating3d ago

Financial data as at March 2025. Sourced from Charities Services register.

C+
69/100
Financial
75
Governance
55
Transparency
65

Reasons to look carefully (1)

These structural observations are drawn from public data and are worth considering before a donation. They are not allegations of wrongdoing, and they don’t affect the charity’s letter grade.

  • Small board structure
    2 current officers listed on the register — best-practice boards have 5+ members with separation of duties

Each signal is a data-driven observation, not a judgement. They fire automatically from the figures filed with Charities Services. A charity can address any of these by filing fuller disclosure or updating its officer register. Methodology: /about/methodology/concern-signals.

Revenue

$92.9K

Expenses

$135.2K

Assets

$1.6M

Financial data from Charities Services annual return (FY2025). Ratings calculated using CharityData v3.1.1 methodology.

Endowment Foundation

Special Entity Type

This is an endowment foundation that holds investments and provides grants. High reserves are expected and appropriate - this is not an operating charity.

Rating Note: Endowment foundations are rated using specialized criteria that recognize high reserves as appropriate. Metrics like grant distribution rate and investment returns are prioritized over program spending ratios.

Funder Profile

Grantmaker

This organisation makes grants or donations to other charities and organisations.

Funding Sectors
EducationArts & Culture
Beneficiaries
Youth
Geographic Focus
Manawatū-Whanganui

About

Mission

To assist with grants to charities and charitable organisations including but not restricted to those listed in the Declaration of Trust. To assist aspiring young musicians, pianists and singers to achieve educational, cultural, scholastic and employment goals and opportunities. To establish through funding educational initiatives that aim to provide opportunities to young people to obtain and to further employment. Such other charitable purposes as the Trustees may decide from time to time.

Who We Serve

Beneficiaries
Children / young peopleOther charitiesVoluntary bodies other than charities

Key Statistics

Annual Revenue
$92.9K
Total Expenses
$135.2K
Net Assets
$1.6M
Volunteers
0

Financial Trends

Financial Trends (4 Years)

Revenue Breakdown

Financial Health Dashboard

Cents to the Cause
100c
For every $1 spent, 100c reaches programs
Strong
Sustainability
0.4mo
Could operate 0.4 months with zero revenue
Critical
Fundraising Cost
-
No fundraising data
No data

Based on latest annual return data. Metrics are calculated from reported financial data and may not reflect the full picture. View methodology

Revenue Diversification

28
Score /100
Highly Concentrated
HHI: 7,191
High Concentration: 83% of revenue from Other
Other83.1%
Investment Income16.9%

HHI (Herfindahl–Hirschman Index) measures concentration across 6 income categories. Lower HHI = more diversified. Score above 60 indicates healthy diversification.

Peer Comparison

Ranked against 329 peers · Education · Under $100K

Rating Score
69
#45/330
Revenue
$93K
#8/330
Reserve Months
0.4
#1/330
Surplus
$-42K
#326/330
Staff Cost %
0%
#1/330

Peers are charities in the same sector and revenue size band. Rankings are based on the latest available data.

Rating

C+
Score: 69/100
Financial
75
Governance
55
Transparency
65
Why this grade: Financial 75 × 40% + Governance 55 × 60% = 63 → C+.
View Full Score Breakdown

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Contact Details

Address
Whanganui, Whanganui

Registration

Registration NumberCC59891
Entity TypeTrust
Registered13 Dec 2021
StatusRegistered

Sector & Activities

Primary Sector
Education
Activities
Makes grants / loans to individualsMakes grants to organisations (including schools or other charities)Provides services (e.g. care / counselling)

Data sourced from Charities Services register and publicly available annual returns. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@charitydata.co.nz. For informational purposes only. Not investment advice. Last updated: 29 September 2026.