Fulshear Outreach and Development Corporation

Analysis

Fulshear Outreach and Development Corporation is a registered charity in United States, based in Fulshear, TX. It received its IRS tax-exemption ruling in December 2013, 13 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 December 2023, Fulshear Outreach and Development Corporation reported income of $672k and spending of $521k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $310k to $672k (+117%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fulshear Outreach and Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include United Way of Moore County Inc ($672k), Hinton Area Foundation Inc ($673k) and National Christian Charitable Foundation Inc ($672k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $42k (8.1% of expenses). Other salaries and wages came to $76k. At year end it held assets of $206k against liabilities of $3,251, net assets of $203k.