Settlement Club Endowment Fund

Analysis

Settlement Club Endowment Fund is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 May 2023, Settlement Club Endowment Fund reported income of $1.6m and spending of $240k, leaving 85% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $389k to $1.6m (+309%), an average of +42% a year. The sharpest change came in the year to May 2021, when income rose by 69%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Settlement Club Endowment Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include The Dallas Opera Foundation ($1.6m), Olympic College Foundation ($1.6m) and Vestal Volunteer Emergency Squad Inc ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 5.9% of the total. At year end it held assets of $10.4m against liabilities of $0, net assets of $10.4m.