Contemporary Handweavers of Houston

Analysis

Contemporary Handweavers of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Contemporary Handweavers of Houston reported income of $61k and spending of $45k, leaving 26% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $50k to $61k (+21%), an average of +21% a year. The sharpest change came in the year to May 2024, when income rose by 21%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Contemporary Handweavers of Houston sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($61k), Monmouth Academy Trustees of ($61k) and Friends of the Heralds NFP ($61k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 3.0% and program service revenue 47% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.