Macd Endowment Fund Inc

Analysis

Macd Endowment Fund Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Macd Endowment Fund Inc reported income of $114k and spending of $84k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to August 2023, income grew from $51k to $114k (+122%), an average of +22% a year. The sharpest change came in the year to August 2023, when income rose by 201%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Macd Endowment Fund Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within MS. Charities of a similar size with the same main cause include Albert Rees Davis Endowment Fund Inc ($114k), Little League Baseball Inc ($114k) and Kiwanisland Inc ($114k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.1% and program service revenue 33% of the total. At year end it held assets of $873k against liabilities of $7,000, net assets of $866k.