Friends of Catholic Education Endowment Trust

Analysis

Friends of Catholic Education Endowment Trust is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in November 1997, 29 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 December 2023, Friends of Catholic Education Endowment Trust reported income of $930k and spending of $312k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $930k (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Catholic Education Endowment Trust sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within OK. Charities of a similar size with the same main cause include Luria Foundation ($930k), The Lefevre Foundation ($931k) and Jewish Federation of Springfield Illinois ($930k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $7.1m against liabilities of $0, net assets of $7.1m.