First Congregational Endowment Trust

Analysis

First Congregational Endowment Trust is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in July 2024, 2 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 December 2023, First Congregational Endowment Trust reported income of $63k and spending of $114k, spending 181% of what it took in. Across the 2 years on record, from December 2019 to December 2023, income fell from $264k to $63k (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Congregational Endowment Trust sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within IA. Charities of a similar size with the same main cause include First on the Moon Inc ($63k), Shoshone Museum Association State Hwy 127 ($63k) and Junior Charity League Incorporated of Magnolia Arkansas ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% of the total. Compensation of current officers, directors and key employees was $10k (9.1% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.