Barbara Bush Houston Literacy Foundation

Analysis

Barbara Bush Houston Literacy 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 philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Barbara Bush Houston Literacy Foundation reported income of $4.5m and spending of $4.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $4.5m (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Barbara Bush Houston Literacy Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include The Fund for the School District of Philadelphia ($4.5m), Friends of San Lucas ($4.5m) and Venn Foundation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $340k (8.3% of expenses). Other salaries and wages came to $924k. At year end it held assets of $10.8m against liabilities of $178k, net assets of $10.6m. It reported 15 employees.