Bill and Vieve Gore Endowment Fund

Analysis

Bill and Vieve Gore Endowment Fund is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Bill and Vieve Gore Endowment Fund reported income of $67k and spending of $4.2m, spending 6223% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $103k to $67k (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 2216%. Over the whole period it spent 715% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bill and Vieve Gore Endowment Fund sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within UT. Charities of a similar size with the same main cause include Original Circle of Friends Inc ($67k), Zephyr Cove Elementary School Parents Club ($67k) and Students with Schizophrenia ($67k).

At year end it held assets of $15.4m against liabilities of $3.8m, net assets of $11.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.