Tanglewood Foundation

Analysis

Tanglewood Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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, Tanglewood Foundation reported income of $58k and spending of $74k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $58k (-11%), an average of -11% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tanglewood Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Comal County Youth Homemaking & Art Fair ($58k), Little League Baseball Inc ($58k) and PTA Delaware Congress ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $262k against liabilities of $0, net assets of $262k.