J Sylvester & Walter Lacy Mullen Memorial Charitable Trust B

Analysis

J Sylvester & Walter Lacy Mullen Memorial Charitable Trust B is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in April 2000, 26 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, J Sylvester & Walter Lacy Mullen Memorial Charitable Trust B reported income of $1.2m and spending of $977k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 250%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, J Sylvester & Walter Lacy Mullen Memorial Charitable Trust B sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Community Aid & Development Corporation ($1.2m), Wilkes Day Care Association Inc ($1.2m) and Fountain Theatre ($1.2m).

At year end it held assets of $17.1m against liabilities of $0, net assets of $17.1m.