Mance E & Fay Phillips Drummond Endowment Trust

Analysis

Mance E & Fay Phillips Drummond Endowment Trust is a registered charity in United States, based in Ardmore, OK. It received its IRS tax-exemption ruling in June 1999, 27 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, Mance E & Fay Phillips Drummond Endowment Trust reported income of $70k and spending of $66k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $134k to $70k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 118%. 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, Mance E & Fay Phillips Drummond Endowment Trust sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within OK. Charities of a similar size with the same main cause include Soverign Order of St John Jerusalem Knights Hospitaller Command ($70k), Schuylkill Elder Abuse Prevention Alliance Inc ($70k) and School Community Development Council ($70k).

Other salaries and wages came to $6,823. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.