Kraemer Endowment Foundation Inc

Analysis

Kraemer Endowment Foundation Inc is a registered charity in United States, based in El Cajon, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kraemer Endowment Foundation Inc reported income of $767k and spending of $559k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $764k to $767k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kraemer Endowment Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Port Reading First Aid Squad Inc ($767k), Cross Trail Outfitters Inc ($767k) and Highlands Biological Foundation Inc ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $15.5m against liabilities of $0, net assets of $15.5m.