Estate of Frank S Carroll

Analysis

Estate of Frank S Carroll is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, Estate of Frank S Carroll reported income of $662k and spending of $737k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $662k (+195%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 234%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Estate of Frank S Carroll sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within LA. Charities of a similar size with the same main cause include Prosperity Works ($662k), Pen Faulkner ($662k) and Heartwing Center Inc ($662k).

Compensation of current officers, directors and key employees was $57k (7.8% of expenses). At year end it held assets of $7.9m against liabilities of $0, net assets of $7.9m.