Mary R Gallaspy Charitable Trust No Two

Analysis

Mary R Gallaspy Charitable Trust No Two is a registered charity in United States, based in Natchitoches, LA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Mary R Gallaspy Charitable Trust No Two reported income of $10.5m and spending of $10.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $10.5m (+285%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 221%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mary R Gallaspy Charitable Trust No Two sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Colegio Catolico Notre Dame Corp ($10.5m), World Compass Academy ($10.5m) and Education Reform Now Inc ($10.5m).

Compensation of current officers, directors and key employees was $32k (0.3% of expenses). At year end it held assets of $40.4m against liabilities of $21.2m, net assets of $19.2m.