Institute of Hispanic Culture of Houston Texas

Analysis

Institute of Hispanic Culture of Houston Texas is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1971, 55 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, Institute of Hispanic Culture of Houston Texas reported income of $391k and spending of $476k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $372k to $391k (+4.9%), an average of +4.9% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute of Hispanic Culture of Houston Texas sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Instituto Arte Teatral Internacional Inc ($391k), Mississippi Opera Association Inc ($391k) and Friends of the Wright Opera House Inc ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 4.0% of the total. At year end it held assets of $211k against liabilities of $295, net assets of $210k.