Lay Endownent Fund

Analysis

Lay Endownent Fund is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1922, 104 years ago. Its declared purposes cover mutual and membership 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, Lay Endownent Fund reported income of $222k and spending of $91k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $332k to $222k (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lay Endownent Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Rocky Mountain Legal Center ($222k), Prairie Rose Plaza ($222k) and Murphy-Candler Girls Softball Association Inc ($222k).

At year end it held assets of $6.3m against liabilities of $0, net assets of $6.3m.