Greater Houston Community Foundation

Analysis

Greater Houston Community Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Greater Houston Community Foundation reported income of $242.9m and spending of $227.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205.5m to $242.9m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Houston Community Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include New Partners Inc ($236.4m), Columbus Foundation ($255.8m) and Christian Community Foundation Inc ($233.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $2.8m (1.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $1.02bn against liabilities of $44.0m, net assets of $975.1m. It reported 52 employees.