Tenth Mountain Endowment Fund Inc

Analysis

Tenth Mountain Endowment Fund Inc is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in August 1992, 34 years ago. 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 June 2023, Tenth Mountain Endowment Fund Inc reported income of $57k and spending of $99k, spending 172% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $106k to $57k (-46%), an average of -14% a year. The sharpest change came in the year to June 2020, when income dropped by 129%. Over the whole period it spent 26% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tenth Mountain Endowment Fund Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within CO. Charities of a similar size with the same main cause include Friends of the Marion Public Library ($57k), Dairy Foundation of Virginia Inc ($57k) and Los Angeles County Facilities 2 Inc ($57k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.0% of the total. At year end it held assets of $9.3m against liabilities of $22k, net assets of $9.3m.