May Owen Irrev TR

Analysis

May Owen Irrev TR is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 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, May Owen Irrev TR reported income of $304k and spending of $299k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $277k to $304k (+9.8%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, May Owen Irrev TR sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Leon M & Hazel E Fitch Trust Fbo Elliot Hospital 3035010323 ($304k), Arts Council of White Lake ($304k) and Dunkirk-Fredonia Meals on Wheels Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 16% of the total. Other salaries and wages came to $99k. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m.