Ida M McFarlin Memorial Trust

Analysis

Ida M McFarlin Memorial Trust is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in December 1952, 74 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, Ida M McFarlin Memorial Trust reported income of $698k and spending of $989k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $698k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income rose by 237%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ida M McFarlin Memorial Trust sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include Camp Beechpoint Inc ($698k), Liberty Center for the Homeless Inc ($698k) and Public Radio East Foundation ($698k).

Compensation of current officers, directors and key employees was $60k (6.1% of expenses). At year end it held assets of $17.0m against liabilities of $0, net assets of $17.0m.