Faulk Foundation

Analysis

Faulk Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2008, 18 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 November 2023, Faulk Foundation reported income of $98k and spending of $74k, leaving 25% of income unspent that year. Across the 2 years on record, from November 2022 to November 2023, income grew from $77k to $98k (+27%), an average of +27% a year. The sharpest change came in the year to November 2023, when income rose by 27%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Faulk Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Wilma and the Messengers Ministries ($98k), Lane County Community Foundation ($98k) and Rotary Club of Palatine Foundation ($98k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.