Dechomai Asset Trust

Analysis

Dechomai Asset Trust is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 2008, 18 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, Dechomai Asset Trust reported income of $837.0m and spending of $342.0m, leaving 59% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $262.3m to $837.0m (+219%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dechomai Asset Trust sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Charities Aid Foundation America ($816.4m), Impactassets Inc ($866.5m) and George Kaiser Family Foundation ($736.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 115% of the total. At year end it held assets of $1.65bn against liabilities of $30.2m, net assets of $1.62bn.