Houston Minority Business Council Inc

Analysis

Houston Minority Business Council Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Houston Minority Business Council Inc reported income of $2.4m and spending of $2.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.4m (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Houston Minority Business Council Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Bundles of Hope Inc ($2.4m), Equality Alliance of San Diego County ($2.4m) and Vision Atlanta Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $218k (9.6% of expenses). Other salaries and wages came to $441k. At year end it held assets of $1.6m against liabilities of $552k, net assets of $1.1m. It reported 11 employees.