180 House Inc

Analysis

180 House Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, 180 House Inc reported income of $532k and spending of $535k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $526k to $532k (+1.2%), an average of +0.3% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 180 House 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 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Friends of the Truman Foundation ($532k), Many Hands Inc ($532k) and MCT Endowment Corporation ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $125k (23% of expenses). Other salaries and wages came to $49k. At year end it held assets of $434k against liabilities of $128k, net assets of $305k. It reported 3 employees.