Recording Library of West Texas

Analysis

Recording Library of West Texas is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in August 1970, 56 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 December 2023, Recording Library of West Texas reported income of $350k and spending of $435k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $350k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Recording Library of West Texas sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Indian Valley Education Foundation ($350k), San Lucas Toliman Scholars ($350k) and Murray Tiger Booster Club Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $93k (21% of expenses). Other salaries and wages came to $176k. At year end it held assets of $1.0m against liabilities of $16k, net assets of $993k. It reported 6 employees.