Hecht Serotta Gemach

Analysis

Hecht Serotta Gemach is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2013, 13 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, Hecht Serotta Gemach reported income of $63k and spending of $171k, spending 272% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $87k to $63k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2020, when income rose by 2144%. Over the whole period it spent 14% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hecht Serotta Gemach sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include International Association of Lions Clubs ($63k), Sutton County Community Trust ($63k) and Warrior Benefit ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.