H-Gac Corporation for Regional Excellence

Analysis

H-Gac Corporation for Regional Excellence is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2004, 22 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, H-Gac Corporation for Regional Excellence reported income of $226k and spending of $11k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $226k (+346%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 387%. Over the whole period it spent 10% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, H-Gac Corporation for Regional Excellence sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Nevada Business Opportunity Fund ($226k), Renew Project ($226k) and Hostel Detroit ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.