Mary Kate Shannon Benevolent TR

Analysis

Mary Kate Shannon Benevolent TR is a registered charity in United States, based in Tazewell, VA. It received its IRS tax-exemption ruling in September 2003, 23 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, Mary Kate Shannon Benevolent TR reported income of $300k and spending of $239k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $300k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mary Kate Shannon Benevolent TR sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Association of the Apostles of Don Bosco Inc ($300k), Toole County Community Foundation Inc ($300k) and Heart of Hope India ($300k).

Compensation of current officers, directors and key employees was $63k (26% of expenses). At year end it held assets of $7.7m against liabilities of $0, net assets of $7.7m.