Old Spanish Trail-Almeda Corridors Redevelopment Authority

Analysis

Old Spanish Trail-Almeda Corridors Redevelopment Authority is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Old Spanish Trail-Almeda Corridors Redevelopment Authority reported income of $14.3m and spending of $9.4m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $14.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Old Spanish Trail-Almeda Corridors Redevelopment Authority sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include West Ohio Community Action Partnership ($14.2m), American Marketing Association Inc ($14.4m) and Accion Social de Puerto Rico Inc ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 83% of the total. Other salaries and wages came to $633k. At year end it held assets of $83.3m against liabilities of $60.3m, net assets of $23.0m. It reported 7 employees.