Southlake Foundation

Analysis

Southlake Foundation is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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, Southlake Foundation reported income of $167k and spending of $166k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $167k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southlake Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Wausau Youth Basaball Inc ($167k), Ish Festival ($167k) and Ballet Next Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.