Howard Scott Residuary Trust Uw First Ala BK

Analysis

Howard Scott Residuary Trust Uw First Ala BK is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in November 2003, 23 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, Howard Scott Residuary Trust Uw First Ala BK reported income of $149k and spending of $60k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $22k to $149k (+575%), an average of +61% a year. The sharpest change came in the year to December 2022, when income rose by 664%. Over the whole period it spent 119% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Howard Scott Residuary Trust Uw First Ala BK sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AL. Charities of a similar size with the same main cause include Golden Apple Foundation of New Mexico ($149k), Sarahs Fight for Hope Foundation ($149k) and Simi Valley Rotary Charitable Foundation ($149k).

Compensation of current officers, directors and key employees was $16k (26% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.