Horatio Williams Foundation

Analysis

Horatio Williams Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Horatio Williams Foundation reported income of $473k and spending of $495k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $473k (+49%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 139%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Horatio Williams Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include North Carolina Rush Triad Soccer Club Inc ($472k), Webster Youth Hockey Association Inc ($473k) and Auburn Thunder Soccer Club ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. At year end it held assets of $1.2m against liabilities of $163k, net assets of $1.1m.

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.