Community Resource Centers of Texas Inc

Analysis

Community Resource Centers of Texas Inc is a registered charity in United States, based in Marble Falls, TX. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Community Resource Centers of Texas Inc reported income of $1.0m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $540k to $1.0m (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 430%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Resource Centers of Texas Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Worcester Youth & Family Counseling Service Inc ($1.0m), Acadia Council on Aging ($1.0m) and Brushy Mountains Group Homes Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $235k against liabilities of $4,713, net assets of $231k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.