McEachern Endowment Fund Inc

Analysis

McEachern Endowment Fund Inc is a registered charity in United States, based in Powder SPGS, GA. It received its IRS tax-exemption ruling in June 1990, 36 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 May 2024, McEachern Endowment Fund Inc reported income of $6.9m and spending of $5.0m, leaving 27% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $4.6m to $6.9m (+51%), an average of +8.5% a year. The sharpest change came in the year to May 2022, when income rose by 26%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McEachern Endowment Fund Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include American Council for Technology ($6.9m), The Economic Club of Washington DC ($6.9m) and S T a R-Stand Together and Recover Centers Inc ($6.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $442k (8.8% of expenses). Other salaries and wages came to $197k. At year end it held assets of $22.5m against liabilities of $1,324, net assets of $22.5m. It reported 4 employees.