Houston Family Arts Center

Analysis

Houston Family Arts Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2006, 20 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 August 2023, Houston Family Arts Center reported income of $745k and spending of $944k, spending 127% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $124k to $745k (+499%), an average of +56% a year. The sharpest change came in the year to August 2020, when income rose by 200%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Houston Family Arts Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Telangana Peoples Association of Dallas ($745k), Tubman African American Museum Inc ($746k) and Midtown Utica Community Center ($745k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $130k. At year end it held assets of $128k against liabilities of $201k, net assets of -$73k. It reported 3 employees.