Black United Fund of Texas Inc

Analysis

Black United Fund of Texas Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Black United Fund of Texas Inc reported income of $232k and spending of $269k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $109k to $232k (+113%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black United Fund of Texas Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Care - Community Action Respecting Elders ($232k), Minority Cannabis Academy ($232k) and Healthy Harvest of North Iowa ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (24% of expenses). At year end it held assets of $46k against liabilities of $0, net assets of $46k.