Project Row Houses

Analysis

Project Row Houses is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Project Row Houses reported income of $3.4m and spending of $4.1m, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.3m to $3.4m (+166%), an average of +28% a year. The sharpest change came in the year to August 2021, when income rose by 368%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project Row Houses sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Efforts of Grace Inc ($3.4m), MCNC Endowment ($3.4m) and Missouri Humanities Council ($3.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $184k (4.5% of expenses). Other salaries and wages came to $1.3m. It paid $132k in professional fundraising fees. At year end it held assets of $16.3m against liabilities of $290k, net assets of $16.0m. It reported 28 employees.