Center for Hearing and Speech

Analysis

Center for Hearing and Speech is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1950, 76 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Center for Hearing and Speech reported income of $7.5m and spending of $6.5m, spending 87% of its income. Across the 5 years on record, from August 2019 to December 2022, income fell from $19.7m to $7.5m (-62%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Hearing and Speech sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Westgate School ($7.5m), Mountain Mission School Inc ($7.5m) and University of North Carolina at Pembroke Foundation Inc ($7.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $656k (10% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $16.3m against liabilities of $285k, net assets of $16.0m. It reported 92 employees.