Hspva Friends

Analysis

Hspva Friends is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1988, 38 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 July 2023, Hspva Friends reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.3m to $1.2m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to July 2022, when income rose by 117%. Over the whole period it spent 160% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hspva Friends sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Our House Foundation Inc ($1.2m), North Area Meals on Wheels Inc ($1.2m) and Airway Science for Kids Inc ($1.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 57% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $125k (9.5% of expenses). Other salaries and wages came to $120k. At year end it held assets of $4.7m against liabilities of $26k, net assets of $4.7m. It reported 5 employees.