Louise B Hirs Charitable Unitrust

Analysis

Louise B Hirs Charitable Unitrust is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Louise B Hirs Charitable Unitrust reported income of $500k and spending of $894k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $500k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Louise B Hirs Charitable Unitrust sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include Chin Baptist Church of Houston Inc ($500k), St Stephens Durham Endowment ($500k) and Fellowship Hi Crest Inc ($500k).

Compensation of current officers, directors and key employees was $79k (8.9% of expenses). At year end it held assets of $12.0m against liabilities of $0, net assets of $12.0m.