Bay Area Houston Advanced Technology Consortium

Analysis

Bay Area Houston Advanced Technology Consortium is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Bay Area Houston Advanced Technology Consortium reported income of $294k and spending of $306k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $294k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 292%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bay Area Houston Advanced Technology Consortium sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Ferguson Road Initiative ($294k), Moravia Park Community Development Corporation ($294k) and Experience the Heart of Kendallville Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.5% of the total. At year end it held assets of $18k against liabilities of $15k, net assets of $2,572.