Houston Independent School District Foundation

Analysis

Houston Independent School District Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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 June 2023, Houston Independent School District Foundation reported income of $5.8m and spending of $3.8m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $5.8m (+261%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 187%. Over the whole period it spent 150% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Houston Independent School District Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include The Dawes Arboretum ($5.8m), International Society for Cellular Therapy ($5.8m) and Mankato Area Foundation ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $195k (5.2% of expenses). Other salaries and wages came to $168k. At year end it held assets of $8.2m against liabilities of $161k, net assets of $8.1m. It reported 3 employees.