Good Samaritan Foundation of Texas Inc

Analysis

Good Samaritan Foundation of Texas Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1952, 74 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, Good Samaritan Foundation of Texas Inc reported income of $709k and spending of $596k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $559k to $709k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Good Samaritan Foundation of Texas Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Gratitude Initiative ($709k), Oea Educational Foundation ($709k) and Dalhousie University Foundation Inc ($709k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $110k (19% of expenses). At year end it held assets of $1.1m against liabilities of $72k, net assets of $1.0m. It reported 4 employees.