Houston Galveston Institute Inc

Analysis

Houston Galveston Institute Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in November 1979, 47 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2023, Houston Galveston Institute Inc reported income of $1.4m and spending of $1.6m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Houston Galveston Institute Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Padi Aware Foundation ($1.4m), Habitat for Humanity International Inc ($1.4m) and Latin United Community Housing Association ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 95% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.2m against liabilities of $294k, net assets of $938k. It reported 50 employees.