Houston Parks Board

Analysis

Houston Parks Board is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Houston Parks Board reported income of $28.4m and spending of $23.8m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.6m to $28.4m (-0.8%), an average of -0.2% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Houston Parks Board sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Jewish Funders Network ($28.2m), Campus Facilities Improvement Association ($28.6m) and Southwest Florida Community Foundation Inc ($28.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $1.4m (5.9% of expenses). Other salaries and wages came to $2.6m. It paid $242k in professional fundraising fees. At year end it held assets of $67.7m against liabilities of $2.7m, net assets of $65.0m. It reported 44 employees.