Mabel Pew Myrin Trust

Analysis

Mabel Pew Myrin Trust is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. 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, Mabel Pew Myrin Trust reported income of $54.8m and spending of $29.6m, leaving 46% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $19.6m to $54.8m (+179%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mabel Pew Myrin Trust sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Central City Community Health Center Inc ($54.7m), The Immigrant and Refugee Community Organization ($54.8m) and Eastern Mennonite University ($54.7m).

Compensation of current officers, directors and key employees was $1.7m (5.8% of expenses). At year end it held assets of $508.4m against liabilities of $0, net assets of $508.4m.