Houston Downtown Improvement Inc

Analysis

Houston Downtown Improvement Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Houston Downtown Improvement Inc reported income of $177k and spending of $83k, leaving 53% of income unspent that year. Across the 3 years on record, from September 2019 to September 2023, income fell from $412k to $177k (-57%), an average of -34% a year. The sharpest change came in the year to September 2023, when income dropped by 42%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Houston Downtown Improvement Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Southeastern Vermont Economic Development Strategies Inc ($177k), Rotary Club of El Paso Foundation Inc ($177k) and Nodaway County Economic Development Inc ($177k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $504k against liabilities of $16k, net assets of $488k.