James a & Leta M Chapman Testamentary Charitable TR

Analysis

James a & Leta M Chapman Testamentary Charitable TR is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in January 1968, 58 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, James a & Leta M Chapman Testamentary Charitable TR reported income of $2.6m and spending of $3.8m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $2.6m (-49%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 276%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, James a & Leta M Chapman Testamentary Charitable TR sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Greater Poweshiek Community Foundation ($2.6m), Charity Assets Trust ($2.6m) and The Loudoun Education Foundation ($2.6m).

Compensation of current officers, directors and key employees was $322k (8.4% of expenses). At year end it held assets of $64.2m against liabilities of $0, net assets of $64.2m.