Ellington Fund

Analysis

Ellington Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1979, 47 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, Ellington Fund reported income of $3.5m and spending of $2.4m, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $3.5m (+98%), an average of +19% a year. The sharpest change came in the year to September 2020, when income dropped by 194%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ellington Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Homewood Corporation ($3.5m), Franciscan Tertiary Province of the Sacred Heart Inc ($3.5m) and Aldar Academy ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $68k (2.8% of expenses). At year end it held assets of $23.5m against liabilities of $1.8m, net assets of $21.7m.