Good Reason Houston Inc

Analysis

Good Reason Houston Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Good Reason Houston Inc reported income of $14.9m and spending of $11.8m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $14.9m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Good Reason Houston Inc sits at the 95th percentile: it is larger than about 95% 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 Waverly School ($14.9m), Deca Prep Inc ($14.9m) and Sussex Academy of Arts & Sciences Inc ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $997k (8.4% of expenses). Other salaries and wages came to $2.5m. It paid $42k in professional fundraising fees. At year end it held assets of $19.5m against liabilities of $1.9m, net assets of $17.6m. It reported 33 employees.