Houston Freedmens Town Conservancy Inc

Analysis

Houston Freedmens Town Conservancy Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Houston Freedmens Town Conservancy Inc reported income of $631k and spending of $433k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $313k to $631k (+101%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Houston Freedmens Town Conservancy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Florida Economic Consortium on Violence & Crime Inc ($630k), National Assistance League ($631k) and Londons Boarding Home Recreation & Rehab Training Facilities Inc ($630k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $143k (33% of expenses). Other salaries and wages came to $95k. At year end it held assets of $1.2m against liabilities of $256k, net assets of $917k. It reported 1 employees.