Main Street Ministries Houston

Analysis

Main Street Ministries Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Main Street Ministries Houston reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $964k to $1.2m (+21%), an average of +5.0% a year. The sharpest change came in the year to May 2021, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Main Street Ministries Houston sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include North Central Ohio Land Conservancy Inc ($1.2m), Maine Credit Unions Campaign for Ending Hunger ($1.2m) and Central Wyoming Senior Services Inc ($1.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $150k (14% of expenses). Other salaries and wages came to $386k. At year end it held assets of $538k against liabilities of $92k, net assets of $445k. It reported 16 employees.