Ranching Heritage Association

Analysis

Ranching Heritage Association is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in December 1969, 57 years ago. 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 August 2023, Ranching Heritage Association reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $2.4m (+120%), an average of +22% a year. The sharpest change came in the year to August 2020, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ranching Heritage Association sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Allen Sports Association Inc ($2.4m), Mental Health Association in Indian River County Inc ($2.4m) and Senior Center Incorporated ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $244k. At year end it held assets of $3.8m against liabilities of $43k, net assets of $3.8m. It reported 6 employees.