Nazareth Academy Endowment Fund

Analysis

Nazareth Academy Endowment Fund is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nazareth Academy Endowment Fund reported income of $73k and spending of $63k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $460k to $73k (-84%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 644%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nazareth Academy Endowment Fund sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Marvin E Jones Education TR ($73k), United States Amateur Boxing Inc ($73k) and Wright County Frontline Outreach ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.