Nonprofit screen
Screen a listHouston Business Development Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(2)
$4.5Mrevenue
FY2024 · −34% in 3 yrs15staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−15.0%
Months of reserve1.9mo
Revenue growth (annualized)+2.4%
Middle half of peersMedianHouston Business Development
Where the money goes FY2024 · $5.2M spent
Programs$4.6M90%Management and general$484k9%Fundraising$47k1%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 3 of the last 3 years
−$964k in FY2022, −$791k in FY2023 and −$677k in FY2024. Cash covers 1.9 months, under the peer median of 5.5.
990 Part I and balance sheetIn its favor2
Strong governance
13 of 13 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIA history of government grants
Government grants on 4 of its 4 returns, 30% of revenue in FY2024. $2.3M is traced federal awards from Department of the Treasury.
990 Part VIII · USAspending9funders
$540ka year, last 3 years
81%from its largest funder
Funder’20’21’22’23Jpmorgan Chase FoundationNew in FY2023$150kThe Bank of America Charitable Foundation IncOn and off$100kThe Clayton Fund IncNew in FY2023$50kMufg Union Bank Foundation AgOn and off$20kThe Zions Bancorporation FoundationSince FY2021$1k$1k$1kBBVA FoundationOn and off$2kDonor-advised giftsDonors not disclosed$564k$752k
FundedThrough a donor-advised fund