Houston Hearts Chapter National Charity League Inc

Analysis

Houston Hearts Chapter National Charity League Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2002, 24 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 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 May 2023, Houston Hearts Chapter National Charity League Inc reported income of $64k and spending of $62k, spending 96% of its income. Across the 2 years on record, from May 2022 to May 2023, income fell from $70k to $64k (-7.3%), an average of -7.3% a year. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Houston Hearts Chapter National Charity League Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Gradus Project ($64k), Team Jaffrey ($65k) and Westminster Rotary Foundation Inc ($64k).

On its Form 990-EZ for the period ending May 2023, revenue came from program service revenue 12% of the total. At year end it held assets of $153k against liabilities of $62k, net assets of $91k.