McCalls Chapel School Endowment Trust of 1993

Analysis

McCalls Chapel School Endowment Trust of 1993 is a registered charity in United States, based in Ada, OK. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, McCalls Chapel School Endowment Trust of 1993 reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $630k to $1.3m (+101%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 225%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McCalls Chapel School Endowment Trust of 1993 sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include American Friends of Ateres Bnos Yerushalayim Inc ($1.3m), San Francisco Achievers ($1.3m) and Grace Christian Educational Association ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $31k (2.4% of expenses). At year end it held assets of $9.1m against liabilities of $0, net assets of $9.1m.