Albert Rees Davis Endowment Fund Inc

Analysis

Albert Rees Davis Endowment Fund Inc is a registered charity in United States, based in Solon, OH. It received its IRS tax-exemption ruling in July 1962, 64 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Albert Rees Davis Endowment Fund Inc reported income of $114k and spending of $30k, leaving 74% of income unspent that year. Across the 5 years on record, from April 2019 to April 2024, income grew from $33k to $114k (+245%), an average of +36% a year. The sharpest change came in the year to April 2023, when income rose by 1734%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albert Rees Davis Endowment Fund Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Kiwanisland Inc ($114k), Macd Endowment Fund Inc ($114k) and Cecchetti Society ($114k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $917k against liabilities of $0, net assets of $917k.