Houston Junior Forum Inc

Analysis

Houston Junior Forum Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1956, 70 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Houston Junior Forum Inc reported income of $773k and spending of $469k, leaving 39% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $539k to $773k (+43%), an average of +13% a year. The sharpest change came in the year to May 2023, when income rose by 33%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Houston Junior Forum Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Barracks Row Mainstreet ($773k), Sertoma Handicapped Opportunity Programs Inc ($773k) and Chelsea Economic Dvelopment Corporation ($772k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 74% and program service revenue 1.5% of the total. Other salaries and wages came to $89k. At year end it held assets of $2.6m against liabilities of $114k, net assets of $2.5m. It reported 5 employees.