Fifth Ward Community Redevelopment

Analysis

Fifth Ward Community Redevelopment is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1990, 36 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 December 2023, Fifth Ward Community Redevelopment reported income of $4.4m and spending of $6.4m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.4m (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fifth Ward Community Redevelopment sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Center for Community Stewardship Inc ($4.4m), Keystone Vocational Services Inc ($4.4m) and The International Joint Commission on Allied Health Personnel in Opht ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $519k (8.1% of expenses). At year end it held assets of $20.3m against liabilities of $14.2m, net assets of $6.2m. It reported 43 employees.