American Legion Endowment Fund Corporation

Analysis

American Legion Endowment Fund Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1934, 92 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, American Legion Endowment Fund Corporation reported income of $1.1m and spending of $441k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.1m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 340%. Over the whole period it spent 18% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Legion Endowment Fund Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Arc of Southwest Washington ($1.1m), Millers River Educational Cooperative Inc ($1.1m) and Lee County Alliance of the Arts Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $18.1m against liabilities of $2.0m, net assets of $16.1m.