Houston Va Research & Education Foundation

Analysis

Houston Va Research & Education Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Houston Va Research & Education Foundation reported income of $818k and spending of $638k, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $818k (-21%), an average of -5.8% a year. The sharpest change came in the year to September 2021, when income rose by 143%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Houston Va Research & Education Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Spinal Cord Society ($818k), Simply Put ($819k) and Omega Mental Health ($818k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $119k (19% of expenses). Other salaries and wages came to $199k. At year end it held assets of $9.6m against liabilities of $5.6m, net assets of $4.0m. It reported 3 employees.