Susan Kathleen Black Foundation Inc

Analysis

Susan Kathleen Black Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Susan Kathleen Black Foundation Inc reported income of $143k and spending of $143k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $332k to $143k (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Susan Kathleen Black Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Lugar Comun Inc ($143k), Madison Lyric Stage ($143k) and Monett Area Fuller Center for Housing Inc N00069824 ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (33% of expenses). At year end it held assets of $2,436 against liabilities of $0, net assets of $2,436.