Monteagle Assembly Endowment Fund Corporation

Analysis

Monteagle Assembly Endowment Fund Corporation is a registered charity in United States, based in Monteagle, TN. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Monteagle Assembly Endowment Fund Corporation reported income of $1.1m and spending of $317k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income dropped by 162%. Over the whole period it spent 38% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Monteagle Assembly Endowment Fund Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Life Savers Ministries ($1.1m), Hope International Ministries ($1.1m) and Mamre Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $7.0m against liabilities of $0, net assets of $7.0m.