Texas Elks Endowment Inc

Analysis

Texas Elks Endowment Inc is a registered charity in United States, based in Gonzales, TX. It received its IRS tax-exemption ruling in September 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 2023, Texas Elks Endowment Inc reported income of $1.1m and spending of $381k, leaving 64% of income unspent that year. Across the 4 years on record, from May 2019 to May 2023, income grew from $541k to $1.1m (+96%), an average of +25% a year. The sharpest change came in the year to May 2023, when income rose by 281%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Elks Endowment Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Local 210 Scholarship Fund & Educational Fund ($1.1m), Catskill Public Library ($1.1m) and Legendary Legacies Inc ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 2.3% of the total. At year end it held assets of $10.0m against liabilities of $0, net assets of $10.0m.