Center for Houstons Future Inc

Analysis

Center for Houstons Future Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1993, 33 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, Center for Houstons Future Inc reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Houstons Future Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Ventana Fund ($1.8m), Plumbers & Steamfitters Local Union 22 Apprenticeship Training Trust ($1.8m) and Madison Public Market Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $713k (41% of expenses). Other salaries and wages came to $370k. At year end it held assets of $843k against liabilities of $434k, net assets of $410k. It reported 9 employees.