House of Charity

Analysis

House of Charity is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, House of Charity reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.6m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, House of Charity sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Safa Trust Inc ($1.6m), Community Ventures Inc ($1.6m) and Tom and Susan Durant Foundation Inc ($1.6m).

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 $848k against liabilities of $467k, net assets of $382k.