R M & Ida McFarlin Memorial Trust 10600

Analysis

R M & Ida McFarlin Memorial Trust 10600 is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in September 1967, 59 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, R M & Ida McFarlin Memorial Trust 10600 reported income of $147k and spending of $247k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $147k (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 439%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, R M & Ida McFarlin Memorial Trust 10600 sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OK. Charities of a similar size with the same main cause include Friends of the Cape Cod National Seashore ($147k), Livingston County Veterans Association ($147k) and Hope for Humanity Inc ($147k).

Compensation of current officers, directors and key employees was $20k (8.1% of expenses). At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.