Grace & Holy Trinity Church Endowment Fund

Analysis

Grace & Holy Trinity Church Endowment Fund is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 1971, 55 years ago. 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, Grace & Holy Trinity Church Endowment Fund reported income of $1.1m and spending of $617k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $806k to $1.1m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grace & Holy Trinity Church Endowment Fund sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Affordable Housing Solutions for Florida Inc ($1.1m), Little League Baseball Inc ($1.1m) and Loaves and Fishes Soup Kitchen Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% of the total. At year end it held assets of $15.1m against liabilities of $3.2m, net assets of $12.0m.