Friends of the Pound House Foundation

Analysis

Friends of the Pound House Foundation is a registered charity in United States, based in Dripping SPGS, TX. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Friends of the Pound House Foundation reported income of $175k and spending of $172k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $175k (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 316%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Pound House Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Springfield Illinois African-American History Foundatio ($175k), Mentone Arts and Culture Center Inc ($175k) and Greater Anderson Musical Arts Consortium ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $22k. At year end it held assets of $651k against liabilities of $3, net assets of $651k. It reported 1 employees.