Houston Electrical League Scholarship Foundation

Analysis

Houston Electrical League Scholarship Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Houston Electrical League Scholarship Foundation reported income of $56k and spending of $50k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $140k to $56k (-60%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 1035%. Over the whole period it spent 86% 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 Electrical League Scholarship Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include National Charity League Inc Peachtree Paces Chapter ($56k), Southern Magnolia Charities ($56k) and West Park Family Club ($56k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 31% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.