Jack Brooks Foundation

Analysis

Jack Brooks Foundation is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in November 2019, 7 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 December 2023, Jack Brooks Foundation reported income of $160k and spending of $164k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $621k to $160k (-74%), an average of -29% a year. The sharpest change came in the year to December 2020, when income dropped by 123%. Over the whole period it spent 150% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jack Brooks Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Harold N & Thelma Lenker Charitable Income Trust ($160k), Torah & Chesed Fund ($160k) and Helping Others Together Community Foundation ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (34% of expenses). Other salaries and wages came to $26k. It paid $2,000 in professional fundraising fees. At year end it held assets of $8,088 against liabilities of $0, net assets of $8,088. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.