HOUSTON TAMIL STUDIES CHAIR INC
Mission Statement
The purposes of HTSC, as set forth in the Articles of Incorporation, are exclusively charitable, educational and scientific, cultural within the meaning of section 501(c)(3) of the Internal Revenue Code of 1986, as amended, or the corresponding provision of any future Federal tax law (“Section 501(c)(3)”). The specific purposes of the Corporation are as follows: a. To establish a Chair in Houston, Texas for teaching and research and to provide a forum for Tamil language, literature, linguistics and culture. b. To engage the faculty appointed for HTSC in furthering the state of knowledge about all aspects of history and culture of Tamils, and develop methodology to carry Tamil teaching forward across generations of students. c. To engage the HTSC faculty to conduct Annual seminars and academic conferences for the benefit of American public including the growing Indian diaspora.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
98.3% | 82.6% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.2% | 10.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
229.6 mo | 16.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 89.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
211.5% | 1.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-98.1% | 1.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
94.6% | 9.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $178K | $10K | $184K | 98.3% | 0 |
| 2023 | $57K | $496K | $15K | 100.0% | 0 |
| 2022 | $391K | $2K | $454K | 0.0% | 0 |
| 2021 | $414K | $432K | N/A | — | 0 |
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