Cecil J S Maclaughlin Trust Fbo Ruth Chu Bank of America Ttee

Analysis

Cecil J S Maclaughlin Trust Fbo Ruth Chu Bank of America Ttee is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1982, 44 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Cecil J S Maclaughlin Trust Fbo Ruth Chu Bank of America Ttee reported income of $126k and spending of $222k, spending 176% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $483k to $126k (-74%), an average of -36% a year. The sharpest change came in the year to September 2022, when income rose by 181%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cecil J S Maclaughlin Trust Fbo Ruth Chu Bank of America Ttee sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include M C C Educational Foundation ($126k), Helps Ministries Inc ($126k) and Little League Baseball Inc ($126k).

Compensation of current officers, directors and key employees was $39k (18% of expenses). At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.