Thomas Lucius Downs Jr & Grace Pate Downs Scholarship Fund

Analysis

Thomas Lucius Downs Jr & Grace Pate Downs Scholarship Fund is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 1983, 43 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, Thomas Lucius Downs Jr & Grace Pate Downs Scholarship Fund reported income of $332k and spending of $344k, spending 104% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $599k to $332k (-45%), an average of -14% a year. The sharpest change came in the year to May 2022, when income rose by 335%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thomas Lucius Downs Jr & Grace Pate Downs Scholarship Fund sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($332k), Putnam County Society ($332k) and Operation Rainbow Inc ($331k).

Compensation of current officers, directors and key employees was $63k (18% of expenses). At year end it held assets of $8.7m against liabilities of $0, net assets of $8.7m.