Society of Mayflower Descendants in the State of Texas Inc

Analysis

Society of Mayflower Descendants in the State of Texas Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2022, Society of Mayflower Descendants in the State of Texas Inc reported income of $142k and spending of $82k, leaving 42% of income unspent that year. Across the 3 years on record, from February 2020 to February 2022, income grew from $98k to $142k (+46%), an average of +21% a year. The sharpest change came in the year to February 2022, when income rose by 35%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Mayflower Descendants in the State of Texas Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Traditional Irish Music Education Society ($142k), Imabrightkid Foundation ($142k) and Wooden Walls Mural Project a NJ Non Profit Corporation ($142k).

On its Form 990 for the period ending February 2022, revenue came from contributions and grants 73% and program service revenue 10% of the total. At year end it held assets of $980k against liabilities of $4,275, net assets of $976k.