Greater Waco Collective Impact Initiative

Analysis

Greater Waco Collective Impact Initiative is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Greater Waco Collective Impact Initiative reported income of $1.2m and spending of $1.0m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $683k to $1.2m (+81%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 251%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Waco Collective Impact Initiative sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($1.2m), Blacks in Technology Foundation ($1.2m) and Community Shares of Mid Ohio ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.4m against liabilities of $498k, net assets of $908k. It reported 19 employees.