Christus Health Foundation of Southeast Texas

Analysis

Christus Health Foundation of Southeast Texas is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Christus Health Foundation of Southeast Texas reported income of $2.8m and spending of $1.2m, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.8m (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 261%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christus Health Foundation of Southeast Texas sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Concordia University Foundation ($2.8m), Addie Mae Collins Community Services ($2.8m) and American Civil Liberties Union of North Carolina Legl Foundation Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $220k. At year end it held assets of $13.1m against liabilities of $327k, net assets of $12.8m.