Mary R Gallaspy Charitable Trust No One

Analysis

Mary R Gallaspy Charitable Trust No One is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mary R Gallaspy Charitable Trust No One reported income of $4.1m and spending of $5.9m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $4.1m (+1198%), an average of +90% a year. The sharpest change came in the year to December 2022, when income rose by 219%. Over the whole period it spent 242% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mary R Gallaspy Charitable Trust No One sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include Community Development for All People ($4.0m), Project Inspire Inc ($4.1m) and Etzion Foundation Inc ($4.0m).

At year end it held assets of $18.4m against liabilities of $15.0m, net assets of $3.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.