Honktx

Analysis

Honktx is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2015, 11 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 June 2024, Honktx reported income of $63k and spending of $52k, spending 83% of its income. Across the 3 years on record, from June 2021 to June 2024, income grew from $16k to $63k (+299%), an average of +100% a year. The sharpest change came in the year to June 2023, when income rose by 181%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Honktx sits at the 25th percentile: it is larger than about 25% 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 Fishtown Neighbors Association ($63k), Tempe Chamber of Commerce Foundation ($63k) and New Brothers Inc ($63k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.