Thomas Edison Center Memorial Endowment Fund

Analysis

Thomas Edison Center Memorial Endowment Fund is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Thomas Edison Center Memorial Endowment Fund reported income of $121k and spending of $55k, leaving 55% of income unspent that year. Across the 4 years on record, from February 2020 to February 2023, income grew from $81k to $121k (+50%), an average of +14% a year. The sharpest change came in the year to February 2021, when income rose by 63%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thomas Edison Center Memorial Endowment Fund sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include 4277 South Western LLC ($121k), Fentress County Food Bank Inc ($121k) and Dress for Success Michigan Incorporated ($121k).

Compensation of current officers, directors and key employees was $25k (46% of expenses). At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.