Third Presbyterian Church Endowment Corporation

Analysis

Third Presbyterian Church Endowment Corporation is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in March 1932, 94 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, Third Presbyterian Church Endowment Corporation reported income of $56k and spending of $59k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $56k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 1374%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Third Presbyterian Church Endowment Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Dr & Mrs J F Adams Memorial Association Inc ($56k), Pioneer Memorial Park Inc ($56k) and Longview Catholic School Endowment Fund ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $968k against liabilities of $0, net assets of $968k.