Allan Houston Legacy Foundation Inc

Analysis

Allan Houston Legacy Foundation Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Allan Houston Legacy Foundation Inc reported income of $95k and spending of $114k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $95k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 1035%. Over the whole period it spent 317% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allan Houston Legacy Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Pal Foundation of Crosslake ($95k), Yellow Rose Chapter National Charity League Inc ($95k) and JNC STL Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,653 against liabilities of $324k, net assets of -$322k.