12-31

Analysis

12-31 is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in June 2022, 4 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, 12-31 reported income of $289k and spending of $301k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $209k to $289k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 12-31 sits at the 65th percentile: it is larger than about 65% 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 Oregon Hospitality Foundation ($289k), United Way of Jefferson County ($289k) and Vine Foundation ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $46k (15% of expenses). At year end it held assets of $37k against liabilities of $822, net assets of $36k. It reported 1 employees.