SEALY & SMITH FOUNDATION
2200 MARKET ST STE 500, GALVESTON, TX · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $135,743,625 | $57,722,709 | $2,198,966,765 |
| FY2023 | $130,847,488 | $30,063,602 | $1,938,723,988 |
| FY2022 | $158,734,221 | $31,756,764 | $1,553,636,991 |
| FY2021 | $193,760,950 | $59,944,232 | $1,679,062,208 |
| FY2020 | $86,559,144 | $23,013,090 | $1,395,915,230 |
| FY2019 | $134,416,284 | $35,941,910 | $1,259,164,198 |
| FY2018 | $97,546,927 | $12,798,573 | $1,050,370,938 |
| FY2017 | $90,579,317 | $25,236,518 | $1,132,821,057 |
| FY2016 | $43,898,579 | $17,679,343 | $947,230,269 |
| FY2015 | $61,034,494 | $84,915,296 | $879,399,410 |
| FY2014 | $99,968,356 | $13,276,521 | $976,043,326 |
| FY2013 | $65,874,233 | $13,146,160 | $925,632,351 |
| FY2012 | $50,718,202 | $13,597,681 | $756,376,163 |
| FY2011 | $56,946,919 | $128,633,008 | $668,310,295 |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $50,051,277 | 87% |
| Management & general | $7,671,432 | 13% |
| Fundraising | $0 | 0% |
What the numbers show
- Program services accounted for 87% of functional expenses, management & general 13%, and fundraising 0%.
- 87% of functional expenses went to program services in FY2024. That is higher than 57.1% of 238 Health Care organizations in TX.
- Net assets covered about 457.1 months of expenses at the end of the reporting year. That puts it in the 96th percentile among 1121 Health Care organizations in TX.
- Total revenue was higher than 93.4% of 1176 Health Care organizations in TX.
- Total revenue rose from $56,946,919 in FY2011 to $135,743,625 in FY2024, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2011, FY2015).
- The highest revenue on record here is $193,760,950 in FY2021.
- Net assets grew from $668,310,295 to $2,198,966,765 between FY2011 and FY2024.
- Donations may be deductible (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
SUPPORT OF THE JOHN SEALY HOSPITAL / UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON (UTMB).
IRS status
| Ruling year | 1938 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E110 — Health Care (in TX) |
| Donations | Donations may be deductible (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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