St Basil Education Endowment

Analysis

St Basil Education Endowment is a registered charity in United States, based in South Haven, MI. It received its IRS tax-exemption ruling in August 1983, 43 years ago. 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 September 2023, St Basil Education Endowment reported income of $67k and spending of $2,463, leaving 96% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $29k to $67k (+132%), an average of +32% a year. The sharpest change came in the year to September 2021, when income rose by 555%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Basil Education Endowment sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Indiana Youth Soccer Association ($67k), Volunteers of America Inc ($67k) and Georgia Extension 4-H Foundation ($66k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $521k against liabilities of $15k, net assets of $506k.