Ingram Lee Foundation

Analysis

Ingram Lee Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ingram Lee Foundation reported income of $123k and spending of $273k, spending 222% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $573k to $123k (-79%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ingram Lee Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Asc Educational Foundation Inc ($123k), West Central Valley Scholarships ($123k) and National Council on Patent Practicum Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.