Houghton Main Street Foundation

Analysis

Houghton Main Street Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Houghton Main Street Foundation reported income of $1.9m and spending of $1.5m, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $268k to $1.9m (+604%), an average of +604% a year. The sharpest change came in the year to December 2023, when income rose by 604%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Houghton Main Street Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Palm Springs Cultural Center ($1.9m), Sheboygan Leadership Academy Inc ($1.9m) and Parent Educational Advocacy Training Center Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $140k (9.3% of expenses). It paid $310k in professional fundraising fees. At year end it held assets of $729k against liabilities of $0, net assets of $729k.