Has Development Corporation

Analysis

Has Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Has Development Corporation reported income of $6.6m and spending of $2.9m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.0m to $6.6m (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 124%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Has Development Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Access Alaska Inc ($6.6m), Southwest Housing Solutions Corporation ($6.6m) and Trustees of the Gill Odd Fellows Home of Vermont the ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 19% of the total. Compensation of current officers, directors and key employees was $1.0m (35% of expenses). At year end it held assets of $23.5m against liabilities of $101k, net assets of $23.4m. It reported 3 employees.