Endowment Fund of Beth El Temple of West Hartford Inc

Analysis

Endowment Fund of Beth El Temple of West Hartford Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Endowment Fund of Beth El Temple of West Hartford Inc reported income of $306k and spending of $229k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $314k to $306k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 138%. Over the whole period it spent 39% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Endowment Fund of Beth El Temple of West Hartford Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Epps Christian Center Inc ($306k), Etowah Baptist Missions Center Inc ($306k) and Al-Iman Institute ($306k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $7.0m against liabilities of $34k, net assets of $6.9m.