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 $846k and spending of $10.0m, spending 1178% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $20.7m to $846k (-96%), an average of -80% a year. The sharpest change came in the year to December 2022, when income dropped by 97%. Over the whole period it spent 71% 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 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Faithful Journey Foundation ($846k), Bridges Impact Foundation ($846k) and Jewish Communities of Western ($845k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $181k (1.8% of expenses). Other salaries and wages came to $500. At year end it held assets of $6.7m against liabilities of $55k, net assets of $6.6m. It reported 1 employees.