Bynum School Endowment Fund Management

Analysis

Bynum School Endowment Fund Management is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Bynum School Endowment Fund Management reported income of $257k and spending of $328k, spending 128% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $31k to $257k (+732%), an average of +70% a year. The sharpest change came in the year to July 2020, when income rose by 605%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bynum School Endowment Fund Management sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Ace Mentor Program of America Inc ($257k), Cscna Charity Corps Inc ($257k) and Association of St Augustine Alumni - Atlanta Inc ($257k).

At year end it held assets of $7.9m against liabilities of $0, net assets of $7.9m.