Gujarati Samaj of Houston Inc

Analysis

Gujarati Samaj of Houston Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1981, 45 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2022, Gujarati Samaj of Houston Inc reported income of $1.1m and spending of $978k, spending 93% of its income. Across the 4 years on record, from November 2019 to November 2022, income fell from $3.4m to $1.1m (-69%), an average of -32% a year. The sharpest change came in the year to November 2021, when income rose by 123%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gujarati Samaj of Houston Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Bay State Performing Arts Inc ($1.1m), Croton Academy of Comedic Arts Inc ($1.1m) and Skyride Unlimited Incorporated ($1.1m).

On its Form 990 for the period ending November 2022, revenue came from contributions and grants 39% of the total. At year end it held assets of $10.2m against liabilities of $2.5m, net assets of $7.8m.