Joseph R Narot Endowment Fund Inc

Analysis

Joseph R Narot Endowment Fund Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Joseph R Narot Endowment Fund Inc reported income of $316k and spending of $221k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $198k to $316k (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 195%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joseph R Narot Endowment Fund Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Harrisonville Public School Foundation ($316k), National Animal Interest Alliance ($316k) and Upavim Community Development Foundation ($316k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.