Houstons Capital Investing in Development & Employment of Adults

Analysis

Houstons Capital Investing in Development & Employment of Adults is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover employment, 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 September 2023, Houstons Capital Investing in Development & Employment of Adults reported income of $2.6m and spending of $2.0m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $894k to $2.6m (+189%), an average of +30% a year. The sharpest change came in the year to September 2021, when income rose by 73%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Houstons Capital Investing in Development & Employment of Adults sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Translatina Network Inc ($2.6m), Empower DC ($2.6m) and Skillpoint Alliance ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $105k (5.2% of expenses). Other salaries and wages came to $795k. At year end it held assets of $1.7m against liabilities of $87k, net assets of $1.6m. It reported 22 employees.