Wilbur a McClain Trust

Analysis

Wilbur a McClain Trust is a registered charity in United States, based in Carmi, IL. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Wilbur a McClain Trust reported income of $58k and spending of $44k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $33k to $58k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income dropped by 348%. Over the whole period it spent 179% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wilbur a McClain Trust sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include Lenox Advisors Foundation Inc ($57k), De Muniz Resource Center Legal Clinic ($58k) and Sean C Elmore Memorial Fund Inc ($57k).

Compensation of current officers, directors and key employees was $7,200 (16% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.