Advocate Foundation Inc

Analysis

Advocate Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Advocate Foundation Inc reported income of $352k and spending of $592k, spending 168% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $352k to $352k (+0.2%), an average of +0.2% a year. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Advocate Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Sav-A-Life of the Mississippi Gulf Coast Inc ($352k), Star and Crescent Foundation of Louisiana Inc ($352k) and Adc Legacy Foundation ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $298k. At year end it held assets of $30k against liabilities of $2,400, net assets of $28k. It reported 5 employees.