East Eagles Endowment Fund Inc

Analysis

East Eagles Endowment Fund Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, East Eagles Endowment Fund Inc reported income of $70k and spending of $29k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $70k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, East Eagles Endowment Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within CT. Charities of a similar size with the same main cause include BTWHS Music Guild Inc ($70k), Cuttyhunk Steam Academy Inc ($70k) and Colfax Elementary School Parent Teacher Organization ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.