Spindletop Charities Incorporated

Analysis

Spindletop Charities Incorporated is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Spindletop Charities Incorporated reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $1.1m to $1.0m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spindletop Charities Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Hearts of Gold Inc ($1.0m), United Way of Southern Chester County ($1.0m) and Frances P Bunnelle Foundation ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 136% of the total. Compensation of current officers, directors and key employees was $117k (12% of expenses). At year end it held assets of $383k against liabilities of $0, net assets of $383k. It reported 2 employees.