Southgate Foundation Inc

Analysis

Southgate Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Southgate Foundation Inc reported income of $670k and spending of $663k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $642k to $670k (+4.3%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Southgate Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Messy Family Project ($670k), El Tabernaculo Del Testimonio Inc ($670k) and Au Inca Door of Hope Inc ($670k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $4,000 (0.6% of expenses). Other salaries and wages came to $7,081. At year end it held assets of $1.8m against liabilities of $148k, net assets of $1.6m. It reported 2 employees.