South Houston Economic Development Corp

Analysis

South Houston Economic Development Corp is a registered charity in United States, based in South Houston, TX. It received its IRS tax-exemption ruling in May 2007, 19 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Houston Economic Development Corp reported income of $1.3m and spending of $1.1m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $937k to $1.3m (+37%), an average of +8.1% a year. 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, South Houston Economic Development Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Friends of Little Saigon Seattle Fls-S ($1.3m), Aya Foundation ($1.3m) and Greenwood Archer Capital Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $174k. At year end it held assets of $1.4m against liabilities of $102k, net assets of $1.3m. It reported 1 employees.