McAlester Scottish Rite Charitable and Educational Foundation

Analysis

McAlester Scottish Rite Charitable and Educational Foundation is a registered charity in United States, based in McAlester, OK. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McAlester Scottish Rite Charitable and Educational Foundation reported income of $199k and spending of $299k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $199k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 925%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McAlester Scottish Rite Charitable and Educational Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within OK. Charities of a similar size with the same main cause include Spearfish Foundation for Public Education a SD Non Profit Corp ($199k), Funds for the Biblioteca Publica Inc ($199k) and SRCS Building Company ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. Other salaries and wages came to $29k. At year end it held assets of $8.9m against liabilities of $0, net assets of $8.9m.