Greater Houston Community Foundation

Analysis

Greater Houston Community Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2017, 9 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Houston Community Foundation reported income of $2.8m and spending of $1.6m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $924k to $2.8m (+200%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 135%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Houston Community Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Lulac Institute Inc ($2.8m), United Way of Greater Lorain County ($2.8m) and Greater Alliance Foundation Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $188k (12% of expenses). Other salaries and wages came to $768k. At year end it held assets of $2.0m against liabilities of $51k, net assets of $1.9m. It reported 13 employees.