Astros Golf Foundation

Analysis

Astros Golf Foundation is a registered charity in United States, based in Houston, 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, Astros Golf Foundation reported income of $5.3m and spending of $2.1m, leaving 60% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $5.3m (+349%), an average of +35% a year. The sharpest change came in the year to December 2019, when income rose by 3109%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Astros Golf Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Tapfound Inc ($5.3m), Park County Community Foundation ($5.3m) and Pretty in Pink Foundation Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $607k (28% of expenses). Other salaries and wages came to $205k. At year end it held assets of $27.8m against liabilities of $21.8m, net assets of $6.0m.