Julia C Hester House Inc

Analysis

Julia C Hester House Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1994, 32 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 2022, Julia C Hester House Inc reported income of $568k and spending of $694k, spending 122% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.7m to $568k (-68%), an average of -31% a year. The sharpest change came in the year to December 2021, when income dropped by 65%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Julia C Hester House Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Madeleine School Endowment Fund ($568k), Lincoln Lake Baptist Youth Camp Inc ($568k) and Chicano Humanities and Arts Council Inc ($568k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% and program service revenue 1.5% of the total. Other salaries and wages came to $164k. At year end it held assets of $4.3m against liabilities of $110k, net assets of $4.2m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.