Mary Welch Memorial Charitable Trust

Analysis

Mary Welch Memorial Charitable Trust is a registered charity in United States, based in Chillicothe, MO. It received its IRS tax-exemption ruling in November 1965, 61 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, Mary Welch Memorial Charitable Trust reported income of $811k and spending of $115k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $811k (+1358%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 1102%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Welch Memorial Charitable Trust sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within MO. Charities of a similar size with the same main cause include Lupus Foundation of America Greater Ohio Chapter Inc ($811k), Fort Worth Public Library Foundation ($812k) and PCH Development Corporation ($811k).

Compensation of current officers, directors and key employees was $25k (21% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.