Houston Area Community Development Corporation

Analysis

Houston Area Community Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Houston Area Community Development Corporation reported income of $14.2m and spending of $3.0m, leaving 79% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $7.8m to $14.2m (+83%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 247%. Over the whole period it spent 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Houston Area Community Development Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include New York Foundation for Senior Citizens Inc ($14.2m), Catholic Charities Diocese of St Petersburg Inc ($14.2m) and Urhai Community Service Center ($14.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $351k (12% of expenses). Other salaries and wages came to $608k. At year end it held assets of $86.4m against liabilities of $4.9m, net assets of $81.5m. It reported 10 employees.