Crewe Endowment Foundation

Analysis

Crewe Endowment Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Crewe Endowment Foundation reported income of $4.6m and spending of $7.4m, spending 160% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.5m to $4.6m (+82%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 394%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crewe Endowment Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Sarahs Inn ($4.6m), Progressive Residential Services of New Mexico Inc ($4.6m) and Family Service Center at Houston and Harris County ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% of the total. At year end it held assets of $10.9m against liabilities of $0, net assets of $10.9m.