Springmoor Endowment Fund Inc

Analysis

Springmoor Endowment Fund Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1994, 32 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, Springmoor Endowment Fund Inc reported income of $472k and spending of $194k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $519k to $472k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Springmoor Endowment Fund Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Towamencin Volunteer Fire Company of Kulpsville Pennsylvania ($472k), Eva Tatman Trust ($473k) and Rio Grande Valley Linking Economic and Academic Development RGV Lead ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $9.2m against liabilities of $41k, net assets of $9.1m.