Texarkana Volunteer Services Bureau Inc

Analysis

Texarkana Volunteer Services Bureau Inc is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Texarkana Volunteer Services Bureau Inc reported income of $204k and spending of $184k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $131k to $204k (+55%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Texarkana Volunteer Services Bureau Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Western ND Golf Tournaments Inc ($204k), Joes KC Cares Foundation ($204k) and Nancy & Stephen Grand Support Foundation ($204k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $61k (33% of expenses). At year end it held assets of $389k against liabilities of $2,600, net assets of $387k. It reported 3 employees.