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 $1.4m and spending of $1.0m, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.6m to $1.4m (-61%), an average of -27% a year. The sharpest change came in the year to December 2023, when income rose by 293%. Over the whole period it spent 97% 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 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Safe Nest Foundation Inc ($1.4m), United Way of Monroe County Inc ($1.4m) and Burlingame Aquatic Club Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $7,548 (0.7% of expenses). Other salaries and wages came to $596k. At year end it held assets of $1.8m against liabilities of $41k, net assets of $1.8m. It reported 20 employees.