Houston Apartment Foundation Inc

Analysis

Houston Apartment Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Houston Apartment Foundation Inc reported income of $1.0m and spending of $959k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $999k to $1.0m (+2.3%), an average of +0.8% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Houston Apartment Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Northern Dauphin County Christian School Association ($1.0m), Center for Quality People and Organizations Inc ($1.0m) and National Academic Youth Corps Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 5.0% and program service revenue 78% of the total. Other salaries and wages came to $206k. At year end it held assets of $2.5m against liabilities of $176k, net assets of $2.4m. It reported 4 employees.