Highgate Charitable Foundation Inc

Analysis

Highgate Charitable Foundation Inc is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Highgate Charitable Foundation Inc reported income of $2.4m and spending of $320k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.4m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 191%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Highgate Charitable Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Batonga Foundation ($2.4m), United Way of the Lakeshore Inc ($2.4m) and The Institute for Human Services Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $4.6m against liabilities of $28k, net assets of $4.6m.