Impact Hub Houston

Analysis

Impact Hub Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2019, 7 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, Impact Hub Houston reported income of $491k and spending of $358k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $261k to $491k (+88%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Impact Hub Houston sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Shiloh Arms Day Care Development Corporation ($491k), Silver Lake Annex Multi-Purpose Community Center ($491k) and Center for Grief Recovery and Sibling Loss ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $133k (37% of expenses). Other salaries and wages came to $48k. At year end it held assets of $429k against liabilities of $0, net assets of $429k. It reported 3 employees.