Daniel J Gross High School Endowment Foundation

Analysis

Daniel J Gross High School Endowment Foundation is a registered charity in United States, based in Bellevue, NE. It received its IRS tax-exemption ruling in March 1981, 45 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 June 2023, Daniel J Gross High School Endowment Foundation reported income of $66k and spending of $369k, spending 561% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $126k to $66k (-48%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 60%. Over the whole period it spent 189% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daniel J Gross High School Endowment Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within NE. Charities of a similar size with the same main cause include Thomas Gregory Skinner Memorial Trust ($66k), Eastridge Parents for Music ($66k) and Metropolitan Collegiate Hockey Conference Inc ($66k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.