Houston Diesels Inc

Analysis

Houston Diesels Inc is a registered charity in United States, based in Oakhurst, TX. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 July 2023, Houston Diesels Inc reported income of $308k and spending of $295k, spending 96% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $139k to $308k (+122%), an average of +30% a year. The sharpest change came in the year to July 2023, when income rose by 42%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Houston Diesels Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Quality of Life Foundation ($308k), Kiawah Cares Foundation ($308k) and Catharine a Harrison Fund ($308k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.