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).

In the financial year ending December 2023, Greater Houston Community Foundation reported income of $72k and spending of $603k, spending 843% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.2m to $72k (-94%), an average of -94% a year. The sharpest change came in the year to December 2023, when income dropped by 94%. Over the whole period it spent 64% 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 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Resources for the Enrichment of Academics Arts and Athletics for O ($72k), Heroes & Heart ($72k) and Pryor Academic Excellence Foundation ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 115% of the total. Compensation of current officers, directors and key employees was $31k (5.1% of expenses). Other salaries and wages came to $76k. At year end it held assets of $495k against liabilities of $42k, net assets of $453k. It reported 2 employees.