Nam Endowment Fund

Analysis

Nam Endowment Fund is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2001, 25 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 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 September 2023, Nam Endowment Fund reported income of $361k and spending of $224k, leaving 38% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $245k to $361k (+47%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 83%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nam Endowment Fund sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Open Source Vision Foundation ($361k), Erin Eickmeier Foundation ($361k) and Redwood Credit Union Community Fund Inc ($361k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.