Moody Endowment

Analysis

Moody Endowment is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Moody Endowment reported income of $30.4m and spending of $4.5m, leaving 85% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $19.5m to $30.4m (+56%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 1849%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Moody Endowment sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Severn School Inc ($30.4m), Carrollwood Day School Education Inc ($30.5m) and Douglas-Cherokee Economic Authority Inc ($30.4m).

Compensation of current officers, directors and key employees was $5,000 (0.1% of expenses). At year end it held assets of $640.7m against liabilities of $1.6m, net assets of $639.1m.