Houston Marathon Foundation Inc

Analysis

Houston Marathon Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2023, Houston Marathon Foundation Inc reported income of $266k and spending of $228k, spending 86% of its income. Across the 4 years on record, from April 2019 to April 2023, income fell from $420k to $266k (-37%), an average of -14% a year. The sharpest change came in the year to April 2020, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Houston Marathon Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Friends of Reach Outs Hiv-Aids Africa Initiative Inc ($266k), The Community Foundation of Orange ($266k) and Community Directions Inc ($266k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $235k against liabilities of $1,000, net assets of $234k.