Whitney Houston Legacy Foundation

Analysis

Whitney Houston Legacy Foundation is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in August 2021, 5 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, Whitney Houston Legacy Foundation reported income of $96k and spending of $145k, spending 151% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $165k to $96k (-42%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Whitney Houston Legacy Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Colleen Decrane Family Foundation ($96k), North Attleboro Fire Fighters Kids Day Association Inc ($96k) and Tincup Charity Group Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.