Lola M Remington Trust Interfirst Bank Wichita Falls Na

Analysis

Lola M Remington Trust Interfirst Bank Wichita Falls Na is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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 March 2024, Lola M Remington Trust Interfirst Bank Wichita Falls Na reported income of $77k and spending of $74k, spending 95% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $62k to $77k (+25%), an average of +4.6% a year. The sharpest change came in the year to March 2024, when income rose by 296%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lola M Remington Trust Interfirst Bank Wichita Falls Na sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include The Franciscan Hermitage Inc ($77k), Good Neighbor Fund Okoboji Spirit Lake Territory ($77k) and Davis County Fine Arts Council ($77k).

Compensation of current officers, directors and key employees was $28k (37% of expenses). At year end it held assets of $1.6m against liabilities of $690, net assets of $1.6m.