Horatio Alger Endowment Fund

Analysis

Horatio Alger Endowment Fund is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 2010, 16 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 December 2023, Horatio Alger Endowment Fund reported income of $12.6m and spending of $15.5m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $27.2m to $12.6m (-54%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 246%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Horatio Alger Endowment Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Grandville Calvin Christian Schools ($12.6m), James Barry Robinson Home for Boys Trust ($12.6m) and Todays Fresh Start ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $368k (2.4% of expenses). Other salaries and wages came to $40k. At year end it held assets of $330.0m against liabilities of $2.5m, net assets of $327.5m.