City of Evansville Endowment Fund Inc

Analysis

City of Evansville Endowment Fund Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, City of Evansville Endowment Fund Inc reported income of $2.4m and spending of $510k, leaving 78% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $2.4m (+128%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 232%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City of Evansville Endowment Fund Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include West Central Arkansas Planning & Development District Inc ($2.4m), Kentucky Chamber Foundation Inc ($2.4m) and National Association of Development Organizations Research Foundation ($2.4m).

At year end it held assets of $10.2m against liabilities of $20k, net assets of $10.2m.