The First Tee of Greater Houston Inc

Analysis

The First Tee of Greater Houston Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, The First Tee of Greater Houston Inc reported income of $551k and spending of $329k, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to December 2022, income fell from $1.3m to $551k (-58%), an average of -19% a year. The sharpest change came in the year to September 2021, when income rose by 135%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The First Tee of Greater Houston Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Rahll Activity Center ($551k), Capital Thunder Youth Hockey Organization ($551k) and Corvallis Aquatic Team ($550k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $36k (11% of expenses). Other salaries and wages came to $146k. At year end it held assets of $2.8m against liabilities of $282k, net assets of $2.5m. It reported 12 employees.