Texas Black Expo Inc

Analysis

Texas Black Expo Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2024, 2 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 June 2023, Texas Black Expo Inc reported income of $780k and spending of $896k, spending 115% of what it took in. Across the 2 years on record, from June 2020 to June 2023, income grew from $142k to $780k (+450%), an average of +450% a year. The sharpest change came in the year to June 2023, when income rose by 450%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texas Black Expo Inc sits at the 71st percentile: it is larger than about 71% 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 Avenues Early Childhood Services Incorporated ($780k), Western Regional Advocacy Project ($780k) and Rising Sun Family Care Center Inc ($780k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $288k. At year end it held assets of $104k against liabilities of $144k, net assets of -$40k.