Leaders of Texas Foundation Inc

Analysis

Leaders of Texas Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Leaders of Texas Foundation Inc reported income of $1.4m and spending of $2.0m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.4m (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leaders of Texas Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Beacons Inc ($1.4m), Hand Up Inc ($1.4m) and National Institute of Family and Life Advocates ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $239k (12% of expenses). Other salaries and wages came to $895k. At year end it held assets of $3.0m against liabilities of $1.3m, net assets of $1.6m. It reported 54 employees.