Houston Association of Insurance Agents Charitable Foundation Inc

Analysis

Houston Association of Insurance Agents Charitable Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Houston Association of Insurance Agents Charitable Foundation Inc reported income of $53k and spending of $23k, leaving 57% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $54k to $53k (-2.3%), an average of -2.3% a year. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Houston Association of Insurance Agents Charitable Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Charity Runs Inc ($53k), Hilliard Family Foundation Inc ($53k) and National Charity League Inc Fort Worth Trailblazers Chapter ($53k).

At year end it held assets of $105k against liabilities of $76k, net assets of $29k.