My Connect Community

Analysis

My Connect Community is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2023, My Connect Community reported income of $1.9m and spending of $1.5m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Connect Community sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Goodwill Homes Community Services Inc ($1.9m), New Morning Youth & Family Services ($1.9m) and St Johns Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $169k (11% of expenses). Other salaries and wages came to $235k. At year end it held assets of $14.6m against liabilities of $12.0m, net assets of $2.5m. It reported 5 employees.