Houston Classical Inc

Analysis

Houston Classical 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 education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Houston Classical Inc reported income of $6.0m and spending of $3.9m, leaving 36% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $517k to $6.0m (+1067%), an average of +127% a year. The sharpest change came in the year to June 2021, when income rose by 307%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Houston Classical Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Easton Country Day School Inc ($6.0m), Sojourner Truth School ($6.0m) and Regina Caeli Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $124k (3.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.0m against liabilities of $980k, net assets of $3.0m. It reported 35 employees.