West Texas Gifts of Hope Inc

Analysis

West Texas Gifts of Hope Inc is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, West Texas Gifts of Hope Inc reported income of $849k and spending of $302k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $849k (+236%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 57% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, West Texas Gifts of Hope Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Doctors for America ($849k), New Restoration Ministries Inc ($849k) and Connecticut Center for Nursing Workforce Inc ($848k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $115k (38% of expenses). At year end it held assets of $1.8m against liabilities of $967, net assets of $1.8m. It reported 5 employees.