Spindletop Housing Corporation

Analysis

Spindletop Housing Corporation is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Spindletop Housing Corporation reported income of $110k and spending of $181k, spending 165% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $69k to $110k (+60%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 221%. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spindletop Housing Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Fulfilling Housing II Inc ($110k), Hbhci Hud 1 Inc ($110k) and Adams County Shelter for the Homeless Inc ($110k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $2.2m against liabilities of $423k, net assets of $1.7m.