Institute for Spirituality and Health at the Texas Medical Center

Analysis

Institute for Spirituality and Health at the Texas Medical Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1956, 70 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Institute for Spirituality and Health at the Texas Medical Center reported income of $1.2m and spending of $2.1m, spending 176% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.2m (+8.7%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 205%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Spirituality and Health at the Texas Medical Center 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 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Delta Manor Inc a Non-Profit Housing Corp ($1.2m), Margaret P Muscarelle Child Development Center Inc ($1.2m) and Diakon ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $168k (8.0% of expenses). Other salaries and wages came to $648k. It paid $30k in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $35k, net assets of $2.3m. It reported 11 employees.