Halo House Foundation

Analysis

Halo House Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Halo House Foundation reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.5m (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Halo House Foundation 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 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Regional West Foundation ($1.5m), Childrens Brain Tumor Foundation Inc ($1.5m) and Tip Global Health ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $175k (13% of expenses). Other salaries and wages came to $178k. At year end it held assets of $16.7m against liabilities of $16k, net assets of $16.7m. It reported 7 employees.