Houston International Seamens Center

Analysis

Houston International Seamens Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1966, 60 years ago. 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, Houston International Seamens Center reported income of $1.5m and spending of $1.2m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Houston International Seamens Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Ruth Page Foundation ($1.5m), Pennsylvania Wounded Warriors Inc ($1.5m) and Miami Symphony Orchestra Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 12% of the total. Other salaries and wages came to $217k. At year end it held assets of $3.4m against liabilities of $671, net assets of $3.4m. It reported 11 employees.