Quilt Guild of Greater Houston

Analysis

Quilt Guild of Greater Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Quilt Guild of Greater Houston reported income of $62k and spending of $54k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $62k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quilt Guild of Greater Houston sits at the 27th percentile: it is larger than about 27% 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 Healthy Community Healthy Youth Initiative Livingston Inc ($62k), Sebring Historical Society Inc ($62k) and Run Starved Rock Country NFP ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.3% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.