John Houston Wear Jr Foundation

Analysis

John Houston Wear Jr Foundation is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in July 1993, 33 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, John Houston Wear Jr Foundation reported income of $87k and spending of $107k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $87k (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, John Houston Wear Jr Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MS. Charities of a similar size with the same main cause include Leonard and Lillian Bethke Memorial TR Fbo Opportunity Development Ctr ($87k), Beis Hamedresh Tiferes Shmiel ($87k) and Hope Initiative ($87k).

Compensation of current officers, directors and key employees was $13k (12% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.

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.