Top of Texas Charitable Organization Inc

Analysis

Top of Texas Charitable Organization Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Top of Texas Charitable Organization Inc reported income of $1.0m and spending of $221k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $756k to $1.0m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 27289%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Top of Texas Charitable Organization 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 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Institute for Family-Centered Care Inc ($1.0m), Options for Youth ($1.0m) and Pike County Senior Citizens Program Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.