Houston Public Media Foundation

Analysis

Houston Public Media Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1970, 56 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Houston Public Media Foundation reported income of $15.1m and spending of $15.3m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $15.9m to $15.1m (-5.1%), an average of -1.3% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Houston Public Media Foundation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include New York Foundation for the Arts Inc ($15.1m), J Craig Venter Institute Inc ($15.1m) and Old Sturbridge Inc ($15.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $3.6m against liabilities of $365k, net assets of $3.3m.