Foundation for Excellence

Analysis

Foundation for Excellence is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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 August 2023, Foundation for Excellence reported income of $2.2m and spending of $2.2m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $173k to $2.2m (+1198%), an average of +90% a year. The sharpest change came in the year to August 2023, when income rose by 557%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Excellence sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include National Council on Alcoholism and Dependence of the San Fernando VL ($2.2m), Alexandria Symphony Orchestra Inc ($2.2m) and Norman C Sleezer Youth Home ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $872k against liabilities of $0, net assets of $872k.