Wade Busby Memorial

Analysis

Wade Busby Memorial is a registered charity in United States, based in Marion, TX. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wade Busby Memorial reported income of $185k and spending of $207k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $185k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Wade Busby Memorial sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Achs Wolfpack Music Inc ($185k), Copiague Youth Leagues Inc ($185k) and Trustees of Purdue University ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 132% of the total. At year end it held assets of $294k against liabilities of $0, net assets of $294k.