Marian Mullin Hancock Charitable TR 031893

Analysis

Marian Mullin Hancock Charitable TR 031893 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1993, 33 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 December 2023, Marian Mullin Hancock Charitable TR 031893 reported income of $447k and spending of $672k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $640k to $447k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marian Mullin Hancock Charitable TR 031893 sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Concept Therapy Institute Inc ($447k), Olympic Ballet Theatre ($447k) and Childrens Place of Buffalo and Erie County Inc ($447k).

Compensation of current officers, directors and key employees was $148k (22% of expenses). At year end it held assets of $9.0m against liabilities of $0, net assets of $9.0m.

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.