Houston Heights Tower Service Corp

Analysis

Houston Heights Tower Service Corp is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Houston Heights Tower Service Corp reported income of $1.7m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.6m to $1.7m (+6.6%), an average of +1.6% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Houston Heights Tower Service Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Mount Nittany Residences Inc ($1.7m), St Barnabas Housing Development Fund Corp ($1.7m) and St Joseph Apartments Inc ($1.7m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 96% of the total. Other salaries and wages came to $240k. At year end it held assets of $7.7m against liabilities of $6.5m, net assets of $1.1m. It reported 7 employees.