W Oscar Neuhaus Memorial Foundation

Analysis

W Oscar Neuhaus Memorial Foundation is a registered charity in United States, based in Bellaire, TX. It received its IRS tax-exemption ruling in November 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, W Oscar Neuhaus Memorial Foundation reported income of $6.0m and spending of $7.8m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $6.0m (-7.6%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, W Oscar Neuhaus Memorial Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include T a M B of Jackson Tennessee Inc ($6.0m), Faith Lutheran Home ($6.0m) and Michigan School of Psychology ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $774k (9.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $12.3m against liabilities of $996k, net assets of $11.3m. It reported 109 employees.