W L Calvert Memorial Scholarship Trust

Analysis

W L Calvert Memorial Scholarship Trust is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, W L Calvert Memorial Scholarship Trust reported income of $207k and spending of $98k, leaving 52% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $168k to $207k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2024, when income rose by 92%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, W L Calvert Memorial Scholarship Trust sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Independent Living Associates of the Muscle Shoals Area Inc ($207k), Mothers Helping Others ($207k) and Amarillo Senior Citizens Association Independence Village ($207k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.