KLRN Endowment Fund Inc

Analysis

KLRN Endowment Fund Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in May 2019, 7 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 (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, KLRN Endowment Fund Inc reported income of $600k and spending of $514k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $521k to $600k (+15%), an average of +3.6% a year. The sharpest change came in the year to September 2021, when income rose by 597%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, KLRN Endowment Fund Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Chance Letikva Inc ($599k), Adirondack TR Company Community Fund ($600k) and United Way of Washington County ($599k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $12.9m against liabilities of $43k, net assets of $12.9m.