Greater Waco United Fund Foundation

Analysis

Greater Waco United Fund Foundation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in August 2021, 5 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Waco United Fund Foundation reported income of $205k and spending of $56k, leaving 73% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $52k to $205k (+293%), an average of +32% a year. The sharpest change came in the year to December 2019, when income rose by 746%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Waco United Fund Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Muncy Historical Society and Museum of History ($205k), Detroit Electrical Workers Benevolent Corporation ($205k) and Upcycle Parts Shop ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% of the total. At year end it held assets of $1.5m against liabilities of $56k, net assets of $1.4m.