Fay School Endowment Fund

Analysis

Fay School Endowment Fund is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Fay School Endowment Fund reported income of $164k and spending of $22k, leaving 86% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $68k to $164k (+142%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 729%. Over the whole period it spent 15% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fay School Endowment Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Sharada Educational Foundation ($164k), Tony Alexander Memorial ($164k) and Carmen High School Development Organization Inc ($164k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.