The Foundation for Jones Hall

Analysis

The Foundation for Jones Hall is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1987, 39 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 2024, The Foundation for Jones Hall reported income of $7.9m and spending of $17.8m, spending 226% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $860k to $7.9m (+816%), an average of +74% a year. The sharpest change came in the year to June 2021, when income rose by 727%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Foundation for Jones Hall sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include My Possibilities ($7.9m), House of Hope ($7.9m) and Tandem Friends School ($7.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Other salaries and wages came to $521k. At year end it held assets of $11.0m against liabilities of $7.6m, net assets of $3.4m. It reported 2 employees.