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 $61k and spending of $353k, spending 581% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $713k to $61k (-91%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 100% 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 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Teach Men to Fish ($61k), Gahanna Rotary Foundation ($61k) and Pellston Education Foundation ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 10% of the total. At year end it held assets of $16k against liabilities of $9,349, net assets of $6,723.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.