Halliburton Charitable Foundation

Analysis

Halliburton Charitable Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2009, 17 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 2022, Halliburton Charitable Foundation reported income of $3.0m and spending of $3.3m, spending 109% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $3.0m to $3.0m (+1.0%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 1950%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Halliburton Charitable Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Broadway Rose Theatre Co ($3.0m), One Valley Community Foundation ($3.0m) and The Ironman Foundation Inc ($3.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 114% of the total. At year end it held assets of $806k against liabilities of $0, net assets of $806k.

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.