Blue Triangle Multicultural Association Inc

Analysis

Blue Triangle Multicultural Association Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Blue Triangle Multicultural Association Inc reported income of $497k and spending of $451k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $2.6m to $497k (-81%), an average of -42% a year. The sharpest change came in the year to December 2021, when income rose by 393%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blue Triangle Multicultural Association Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Beth Sholom Assisted Living ($497k), Foundations for Living ($497k) and Housing Partnerships Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $11k (2.4% of expenses). Other salaries and wages came to $42k. At year end it held assets of $179k against liabilities of $0, net assets of $179k. It reported 3 employees.