Houston Municipal Golf Association Inc

Analysis

Houston Municipal Golf Association Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Houston Municipal Golf Association Inc reported income of $690k and spending of $705k, spending 102% of its income. Across the 5 years on record, from September 2019 to December 2022, income fell from $2.6m to $690k (-73%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Houston Municipal Golf Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Pine-Richland Youth Center ($689k), Pathfinders Inc ($690k) and Osseo Maple Grove Basketball Association ($689k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 8.7% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $36k (5.2% of expenses). Other salaries and wages came to $241k. At year end it held assets of $10.6m against liabilities of $2.2m, net assets of $8.4m. It reported 62 employees.