Houston Community Toolbank Inc

Analysis

Houston Community Toolbank Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2026. 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, Houston Community Toolbank Inc reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $698k to $1.4m (+103%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Houston Community Toolbank Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include East Calais Community Trust ($1.4m), Downtown Flushing Transit Hub District Management Association ($1.4m) and Greater Baton Rouge Economic Founda Tion ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $100k (8.1% of expenses). Other salaries and wages came to $174k. At year end it held assets of $784k against liabilities of $168, net assets of $784k. It reported 4 employees.