Space Family Education Inc

Analysis

Space Family Education Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2024, Space Family Education Inc reported income of $1.6m and spending of $1.8m, spending 111% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income grew from $1.3m to $1.6m (+19%), an average of +3.6% a year. The sharpest change came in the year to April 2022, when income rose by 32%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Space Family Education Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Pantry of Broward Inc ($1.6m), Martin Park Inc ($1.6m) and Jewish Family Services of Greater Charlotte Inc ($1.6m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $60k (3.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $818k against liabilities of $83k, net assets of $734k. It reported 61 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.