Clarence & Genevive Swallen Missionary Endowed Scholarship

Analysis

Clarence & Genevive Swallen Missionary Endowed Scholarship is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in November 1990, 36 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, Clarence & Genevive Swallen Missionary Endowed Scholarship reported income of $113k and spending of $169k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $461k to $113k (-76%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 1309%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clarence & Genevive Swallen Missionary Endowed Scholarship sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Greater Altoona Economic Development Corporation ($113k), Parent Booster USA Inc ($113k) and St Helens Booster Club Inc ($113k).

Compensation of current officers, directors and key employees was $29k (17% of expenses). At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.