Pursuit Foundation

Analysis

Pursuit Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Pursuit Foundation reported income of $610k and spending of $2.9m, spending 480% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.6m to $610k (-98%), an average of -62% a year. The sharpest change came in the year to June 2021, when income rose by 84%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pursuit Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include The Shepherds Center of Kernersville Inc ($610k), American Friends of Kesher Yehudi Inc ($610k) and Hunger Corp ($610k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% of the total. It paid $165k in professional fundraising fees. At year end it held assets of $60.5m against liabilities of $24.6m, net assets of $35.9m.

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.