The Excelsior Foundation

Analysis

The Excelsior Foundation is a registered charity in United States, based in Jefferson, TX. It received its IRS tax-exemption ruling in August 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Excelsior Foundation reported income of $441k and spending of $473k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $549k to $441k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Excelsior Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include League of Chicago Theatres Foundation ($441k), Center for American Archeology ($442k) and Keys 4 4 Kids Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $200k. At year end it held assets of $916k against liabilities of $58k, net assets of $857k. It reported 22 employees.