Houston Public Library Foundation Inc

Analysis

Houston Public Library Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Houston Public Library Foundation Inc reported income of $826k and spending of $2.3m, spending 275% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.7m to $826k (-78%), an average of -26% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 165% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Houston Public Library Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Solutions Counseling & Family Therapy ($826k), WSF Real Estate Inc ($826k) and Dream Project Inc ($826k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $133k. At year end it held assets of $20.5m against liabilities of $385k, net assets of $20.1m. It reported 3 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.