Greater Houston Black Chamber Foundation

Analysis

Greater Houston Black Chamber Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2021, Greater Houston Black Chamber Foundation reported income of $158k and spending of $36k, leaving 77% of income unspent that year. Across the 4 years on record, from December 2018 to December 2021, income grew from $79k to $158k (+101%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Houston Black Chamber Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Evans Scholars Foundation ($158k), London Parent-Teacher Organization ($158k) and Elizabethtown Band Booster Inc ($158k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. It paid $1,000 in professional fundraising fees. At year end it held assets of $202k against liabilities of $0, net assets of $202k.