Setrac Foundation

Analysis

Setrac Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Setrac Foundation reported income of $282k and spending of $3,810, leaving 99% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $1.0m to $282k (-72%), an average of -72% a year. The sharpest change came in the year to August 2023, when income dropped by 72%. Over the whole period it spent 0.4% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Setrac Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Hillside Wellness Center ($282k), Aphasia Center of California ($282k) and Rooms of Hope Inc ($282k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.3m against liabilities of $5,461, net assets of $1.3m.