McLennan County Pack of Hope

Analysis

McLennan County Pack of Hope is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in March 2012, 14 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 May 2023, McLennan County Pack of Hope reported income of $217k and spending of $166k, leaving 24% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income fell from $275k to $217k (-21%), an average of -7.5% a year. The sharpest change came in the year to May 2023, when income rose by 75%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McLennan County Pack of Hope sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Atlantic Schools Booster Club ($217k), Sheet Metal 18 Local Training Fund ($217k) and The Foundation at PCK ($217k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $479k against liabilities of $0, net assets of $479k.