Third Ward Community Fund Management Corporation

Analysis

Third Ward Community Fund Management Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2016, 10 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 December 2023, Third Ward Community Fund Management Corporation reported income of $359k and spending of $170k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $260k to $359k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Third Ward Community Fund Management Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Macomb County Veterans Food Bank ($359k), C a S a - a Voice for Children ($359k) and Heart of Portillos Foundation Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $330k against liabilities of $8,649, net assets of $321k.