Hcso Benevolence Association

Analysis

Hcso Benevolence Association is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Hcso Benevolence Association reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $106k to $1.1m (+977%), an average of +81% a year. The sharpest change came in the year to December 2022, when income rose by 766%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hcso Benevolence Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Wellspring Womens Center ($1.1m), Nevada Homeless Alliance ($1.1m) and Milwaukee Womens Center Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.