Project Houston Community Development Corporation

Analysis

Project Houston Community Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2013, 13 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, Project Houston Community Development Corporation reported income of $546k and spending of $322k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $398k to $546k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Project Houston Community Development Corporation sits at the 68th percentile: it is larger than about 68% 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 West Atlantic Redevelopment Coalition Inc ($546k), East Erie County Emergency Medical Services Corporation ($546k) and Missoula Downtown Foundation Inc ($546k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 88% of the total. Other salaries and wages came to $45k. At year end it held assets of $3.8m against liabilities of $3.6m, net assets of $162k. It reported 3 employees.