Houston Livestock Show & Rodeo Inc

Analysis

Houston Livestock Show & Rodeo Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Houston Livestock Show & Rodeo Inc reported income of $192.2m and spending of $153.8m, spending 80% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $151.4m to $192.2m (+27%), an average of +6.1% a year. The sharpest change came in the year to August 2022, when income rose by 414%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Houston Livestock Show & Rodeo Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Southeast Volusia Healthcare Corporation ($172.0m), University Athletic Association Inc ($192.8m) and Special Olympics Inc ($152.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 29% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.3m (0.9% of expenses). Other salaries and wages came to $17.6m. At year end it held assets of $424.7m against liabilities of $115.1m, net assets of $309.5m. It reported 256 employees.