Aphasia Center of West Texas Inc

Analysis

Aphasia Center of West Texas Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Aphasia Center of West Texas Inc reported income of $920k and spending of $916k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $862k to $920k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to September 2021, when income dropped by 25%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aphasia Center of West Texas Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Heritage Christian Academy of Lexington South Carolina ($919k), Decatur Education Foundation Inc ($920k) and Cyclone Regional Training Center Inc ($919k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $113k (12% of expenses). Other salaries and wages came to $403k. At year end it held assets of $2.3m against liabilities of $35k, net assets of $2.3m. It reported 10 employees.