Houston Sro Housing Corporation

Analysis

Houston Sro Housing Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Sro Housing Corporation reported income of $920k and spending of $1.2m, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.3m to $920k (-29%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 27%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Houston Sro Housing Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Culpepper Garden I Incorporated ($920k), Community Housing Resource Board of Southern Bergen County Inc ($921k) and McCarty Housing Development Fund Company Inc ($918k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Other salaries and wages came to $245k. At year end it held assets of $3.8m against liabilities of $181k, net assets of $3.6m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.